Crunchfish have signed a Letter of Intent to acquire a payment platform company based out of India. The acquisition will increase the company’s presence in India and expand the product- and patent portfolio. The aim is to close the intended acquisition in Q2 2023.

Figure: The intended acquisition will extend Crunchfish Digital Cash product portfolio as illustrated above.

To establish an operation in India is important for Crunchfish to be present where most real-time transactions are processed in the world. Crunchfish have today signed a Letter of Intent to acquire a payment platform company based out of India. A due diligence process will start immediately having the Crunchfish management team in India this week. Once the transaction is closed, the intended acquisition will increase the company’s presence in India and expand its product- and patent portfolio.

The potential acquisition will not impact the relations with existing payment platform partners. Digital Cash integrations into their solutions are key as Digital Cash will be distributed to their customers.

The acquisition is expected to be closed in Q2 2023 and financed by using existing cash in Crunchfish.
More details on the acquisition will be disclosed when the deal is closed.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

This information is Crunchfish AB obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person above for publication on 1 March 2023 at 08:00 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish have undergone penetration testing of the Crunchfish Digital Cash SDK. The penetration test service was executed by Outpost24 with a focus to exploit potential vulnerabilities of the Digital Cash and to provide an understanding about the current level of security of the product.

As an integral part of the Software Development Lifecycle, Crunchfish focus on security aspects to prevent malicious attempts of fraud or double spending. Outpost24 offers cybersecurity services and were engaged to audit and attack the Crunchfish Digital Cash SDK to assess the product’s susceptibility to vulnerabilities.

The result of the security review has been summarized by Outpost24: “After extensive testing of the Crunchfish Digital Cash SDK it can be concluded that no high or medium risks have been found within the allocated time of testing. The implemented Trusted Application provides adequate security measures to prevent tampering of the different methods in use by the Digital Cash API.”

This penetration test complements previous tests by third parties that have been conducted. The latest test was done as part of the HDFC Bank pilot project in RBI’s Regulatory Sandbox. The Crunchfish Digital Cash SDK is available for customer download through the Crunchfish developer portal.

“We are continuously focusing on security and remediation of possible product vulnerabilities. Having an independent expert such as Outpost24 auditing the Digital Cash SDK is valuable and provides us with insights that will further enhance the product. As security is a moving target, we will continue our focus in this domain.”, says Rutger Petersson, R&D Director at Crunchfish Digital Cash.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

This information was provided by the contact person above for publication on 22 February 2023 at 13:00 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish AB (“Crunchfish”) Q4 webinar is now available, where Crunchfish CEO Joachim Samuelsson is interviewed by analyst Joen Sundmark from Västra Hamnen Corporate Finance. Accompanying the release of the company’s year-end report, Crunchfish are launching Crunchfish iQ, an interactive view of the year-end report.

The webinar about Crunchfish year-end report for Q4 2022 is now available via the following link:

Webinar Q4

Crunchfish year-end report for Q4 2022 is available via the following link:

Crunchfish Q4

Crunchfish iQ – Interactive Quarterly reports

Crunchfish iQ is an open Q&A channel about each Crunchfish-, Digital Cash-, and Gesture Interaction story in the report. Crunchfish iQ is published as a compliment to the year-end report and will be stored in the article section of Crunchfish LinkedIn channel.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

This information was provided by the contact person above for publication on 17 February 2023 at 09:00 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish is pleased to publish the company’s year-end report for 2022. CEO Joachim Samuelsson comments that the company is in better shape than ever. Crunchfish are also launching a complimentary report format – Crunchfish iQ – an interactive view of the year-end report. A webinar with an interview of Crunchfish CEO will be live streamed at 09.00 CET / 13.30 IST today.

The report is available as an attached document to this press release as well as through the company’s website.

Comment from CEO Joachim Samuelsson

“Crunchfish destiny is to make any form of digital payments service robust, private, and inclusive. No other company in the world is anywhere near having the technology that can deliver on this promise. What the internet is for digital communications, Crunchfish will be for payments. Crunchfish are in better shape than ever. Our destination is outer space. Welcome onboard, doors are closing.”

At 09.00 CET/13.30 IST, a live webinar about the report will be hosted on Zoom where Crunchfish CEO Joachim Samuelsson will be interviewed by analyst Joen Sundmark from Västra Hamnen Corporate Finance.

Please register using this link.

A recording of this webinar will also be available afterwards on Crunchfish’s website as well as  Västra Hamnen Corporate Finance’s website.

Crunchfish iQ – Interactive Quarterly reports

Crunchfish iQ is an open Q&A channel about each Crunchfish-, Digital Cash-, and Gesture Interaction story in the report. Crunchfish iQ is published as a compliment to the year-end report and will be stored in the article section of Crunchfish LinkedIn channel.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

This information is information that Crunchfish AB is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person above for publication on 16 February 2023 at 08:30 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Joakim Nydemark, Chief Operating Officer and CEO of Crunchfish Gesture Interaction AB leaves his operational roles at Crunchfish and is proposed to join its board of directors.

Joakim Nydemark, Chief Operating Officer and CEO of Crunchfish Gesture Interaction AB has decided to leave the company for a position as EVP and CCO Algo at Precise Biometrics AB in Lund. Joakim will have his last day at Crunchfish in mid-May 2023 and is nominated to become a member of the Crunchfish board at the general meeting 22 May 2023. The search for a replacement is initiated.

“Joakim and I have been working together for over 10 years. We joined Crunchfish at about the same time. Joakim as CEO and I took on the role as Chairman of the Board. It has been a great working relationship over the years. We have complimented each other really well. But all things come to an end eventually and Joakim will try his very capable wings elsewhere. I would like to wish him the best of luck in his future endeavors and congratulate Precise Biometrics for a great hire. I am also very pleased that Joakim has agreed to continue working at Crunchfish in a new capacity by joining its Board of Directors if elected at the annual meeting in May. Our journey together is not at all over. You have just changed into another role and we very much welcome you to the board”, says Joachim Samuelsson, CEO of Crunchfish AB

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

The information was provided by the contact person above for publication 16 February 2023 at 08:00 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish are listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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On Thursday, February 16 at 08.30 CET / 13.00 IST, Crunchfish publish its year-end report for 2022. At 09.00 CET / 13.30 IST, a webinar about the report will be hosted on Zoom where Crunchfish CEO Joachim Samuelsson will be interviewed. Crunchfish are also launching a complimentary report format – Crunchfish iQ – an interactive view of the year-end report.

Year-end report webinar
In the 2022 year-end report webinar Crunchfish CEO Joachim Samuelsson will be interviewed by Joen Sundmark, Equity Analyst at Västra Hamnen Corporate Finance. Please register using this link.

The audience may ask questions using the chat forum. A recording of the webinar will be made available afterward on Crunchfish’s as well as Västra Hamnen Corporate Finance’s websites.

Crunchfish iQ – Interactive Quarterly reports

Crunchfish keep creating new ways to get closer to its stakeholders. To make Crunchfish’s quarterly and annual reports more interactive, the company is launching Crunchfish iQ, an open Q&A channel about each Crunchfish-, Digital Cash-, and Gesture Interaction story in the reports. Crunchfish iQ will be published as a compliment to the quarterly and annual reports and will be stored in the article section of Crunchfish LinkedIn channel.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish are a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with representation in India.

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