Crunchfish has taken a loan of 5 MSEK from one of its main owners. Crunchfish has also received 820 KSEK from employees related to the incentive program 2024/2028.

Crunchfish has taken a loan of 5 MSEK from Corespring Invest AB, one of its main owners, with a 6-month term and 7% interest to have sufficient cash during the time it takes to close commercial agreements or secure other financing. 

Related to the incentive program 2024/2028 announced previously, Crunchfish has also received 820 KSEK from employees in Crunchfish. 

These cash injections are believed to provide the company with sufficient cash during the time it takes to close commercial agreements or secure other financing.

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 above for publication on 4th September 2024 at 14:30 CET.

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

About Crunchfish – crunchfish.com

Crunchfish is a deep tech company developing a device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been 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”) half-year report 2024 webinar is now available, where Crunchfish CEO Joachim Samuelsson is interviewed by Chief Analyst Martin Dominique from Västra Hamnen Corporate Finance.

The webinar about Crunchfish half-year report for 2024 is now available via the following link:

Webinar half-year report

Crunchfish half-year report for 2024 is available via the following link:

Crunchfish half-year report 2024

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 above for publication on 26th August 2024 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 is a deep tech company developing a device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Today, Crunchfish AB (“Crunchfish”) publishes the company’s half-year report for the second quarter and the first six months of 2024. Below is a brief summary of the report.

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

“Crunchfish has a unique position in the market by offering device-agnostic trusted applications for offline use. Key market segments with demand for offline services without device dependencies are CBDC and emerging markets. We are busy making proposals for such opportunities and presenting at events to explain our technology. We need to sustain the business as it will take time before outcomes of these sales processes are known. We are therefore considering our financing options where revenue-sharing of future revenues looks most attractive. “, says Joachim Samuelsson, Crunchfish’s CEO.

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 23rd August 2024 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 is a deep tech company developing a device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been 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 Friday, August 23rd at 08.30 CET / 12.00 IST, Crunchfish publishes its Q2 report for 2024. At 09.00 CET / 12.30 IST, a webinar about the report will be hosted on Zoom where Crunchfish CEO Joachim Samuelsson will be interviewed by Chief Analyst Martin Dominique from Västra Hamnen Corporate Finance.

During the webinar, the chat function will be active, and the participants will be able to ask question regarding the report. In order to participate, registration is done via the following link.  

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

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 above for publication on 22nd August 2024 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 is a deep tech company developing a device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Retail CBDC systems are challenging to implement in practice. There are many features of cash that are desirable to replicate in digital form, such as the ability to pay offline and with privacy. This whitepaper highlights the problems of making premature design decisions on form without realizing its limiting consequences on the function and presents alternatives that are more suited for delivering the desired function. Defining function before form is of paramount importance for a successful implementation of CBDC in practice.

This whitepaper discusses two pre-mature design decisions on form for retail CBDC systems that has negative consequences on function. First, the assumption of representing retail CBDC as a digital banknote. A layer-2 approach which improves privacy and has better ability to pay with exact amounts is discussed in the whitepaper. The second example of pre-mature assumptions on form relates to hardware-based secure elements. The whitepaper discusses trusted client applications in virtual secure elements as a better form for implementing the retail CBDC function. Find the whitepaper on this link.

This Crunchfish whitepaper is also published today on pages 12-15 in Currency Research bulletin Central Bank Payment News, July 2024 edition.

“Crunchfish argued early that it is not ideal to implement retail CBDC for offline payments in the form of a digital banknote. We also believe in delivering trust in mobile devices for offline payments by means of virtual secure elements, in contrast to using hardware-based secure elements. I believe Crunchfish will be proven right on both counts", says Joachim Samuelsson, Crunchfish’s CEO.

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 above for publication on 29th July 2024 at 16:15 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 device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been 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 Digital Cash AB (“Crunchfish”) has received a Notice of Allowance from the US Patent and Trademark Office (USPTO) for its initial Digital Cash patent application indicating that all claims are deemed patentable. US is the first jurisdiction to grant a patent for this innovation. The patent with application number US 17/796 050 is valid until January 2040, 20 years from the original filing date.

This patent protects many fundamental aspects of offline payments. The basic scope is that the transaction is digitally signed by the payer and transmitted locally to the payee as a token providing the payee with a digitally signed commitment. When any of the parties gets online access, the transaction, stored by both parties, is communicated to the back-end ledger independently of each other. 

This patent application has previously received a positive International Preliminary Report on Patentability and it is now in the process of being nationalized in the US, Europe, India, China, and Taiwan.

” It is extremely pleasing that our first and very fundamental Digital Cash patent application for offline payments is now granted in the US. This is strategically important for several reasons; the patent application has an early priority date January 2020, a very wide scope that protects many technical aspects and we expect that our many other Digital Cash patent applications may also later be granted in other jurisdictions”, says Joachim Samuelsson, CEO of Crunchfish.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

This information is such information as Crunchfish AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11:45 CET on July 1st, 2024.

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 device-agnostic generic trusted client application platform for offline payments, tokenized card payments as well as other mobile client / server systems. Crunchfish has been listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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