Västra Hamnen Corporate Finance has published an updated equity analysis on Crunchfish titled “Fishing for bigger deals”. The model has been reworked to include the Gesture Interaction order from OPPO and Crunchfish is formally approved for the RBI’s regulatory sandbox. The share price interval of 41.60 SEK – 66.20 SEK is unchanged.

As a service to the company’s shareholders and to increase transparency, Crunchfish has commissioned Västra Hamnen to conduct analysis of the company. The analysis includes an independent review of the company, markets, products, and competitors, as well as a financial scenario that serves as a basis for a discounted cash flow estimation of the company’s market cap.

In the analysis, Västra Hamnen writes: “Crunchfish reported a stronger net result than expected in Q3, largely because of a substantial upfront payment within the Gesture Interaction business area. The development in this segment has continuously showcased technological improvement and implementation in the AR/VR market. Within Digital Cash, Crunchfish released their new improved version Digital Cash 1.3 and received final approval for the Reserve bank of India’s regulatory sandbox which is expected to start in December 2022.”

The analysis states an unchanged share price interval according to the DCF model of 41.60 SEK – 66.20 SEK per share. The analysis is attached and available on Västra Hamnen’s and Crunchfish’s websites.

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 21 November 2022 at 10:30 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 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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Big deals are coming – the theme of Crunchfish’s presentation at Västra Hamnen Corporate Finance Investerardagen on Friday, 2 December, at 14:30 CET. Joachim Samuelsson, Group CEO at Crunchfish, provides an overview of Crunchfish’s business and future plans within Digital Cash and Gesture Interaction. 

Follow the link below to register for the event

Investerardagen-2-december-2022

Crunchfish presentation will be webcast live. The live broadcast will be available at

https://www.vhcorp.se/

Use the opportunity to ask your questions to the presenter, by email info@vhcorp.se or in the live-chat during the webcast.

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 is 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 a subsidiary in India.

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Big deals are coming – the theme of Crunchfish’s presention at Stora Aktiedagen Stockholm 2022 on Wednesday, November 30, at 10:30 CET. Joachim Samuelsson, Group CEO at Crunchfish, provides an overview of Crunchfish’s business and future plans within Digital Cash and Gesture Interaction. 

Follow the link below to register for the event

Stora Aktiedagen Stockholm 2022

Crunchfish presentation will be webcast live and on-demand via Aktiespararna's youtube channel and aktiespararna.se. The live broadcast will be available at http://www.aktiespararna.se/tv/live.

Use the opportunity to ask your questions to the presenter, by sending an SMS to 079-347 98 45 or email event@aktiespararna.se. Your questions will be conveyed by Aktiespararna’s moderator during the Q&A sesssion the follows your presentation. You can submit your questions now or during the presentation.

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 is 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 a subsidiary in India.

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Crunchfish Digital Cash is all about offline payments. Payers should not have to worry whether they are online or not. Payments should work regardless of banking services are down or lack of internet connectivity. This new version extends the use of Crunchfish Digital Cash even more as it becomes possible to pay anywhere using telecom connectivity, and to anyone on a domestic payment scheme.

Although internet may not be present to connect online, often the telecom network is available to make a call or send an SMS. By utilizing telecom connectivity and interoperability with domestic payment rails, such as UPI in India, Crunchfish Digital Cash will be extended to cover many more important use cases:

–Payment to receivers on domestic payment scheme
–Payment to feature phone users
–Payment to merchants with soundboxes (common in India)
–Remote payments
–Bill payments
–Payments with larger amounts

“Crunchfish focus continuously on adding new Digital Cash features to provide a greater value to our customers. This new version adds many more use cases and increase the scope and usability of Digital Cash significantly. It has already been presented to selected customers in India and been very well received.” says Joachim Samuelsson, CEO at Crunchfish.

The new version is built on the existing security foundation of Digital Cash, meaning that offline payments in proximity and via the telecom network will be supported by the same solution. The new version will be available for customers through the Crunchfish developer portal early next year.

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 11 November 2022 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 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 subsidiary in India.

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Crunchfish’s project for Offline Retail Payments together with HDFC Bank and one additional Indian bank has reached an important milestone by completing the integration of Crunchfish Digital Cash SDK into both Payer and Merchant apps. This milestone was reached before the Diwali holiday and confirms that the project is on track to start the pilot with Reserve Bank of India in mid-December.

Crunchfish in partnership with HDFC Bank and one additional Indian bank are working together to demonstrate and pilot Offline Retail Payments to Reserve Bank of India (RBI) in their Regulatory Sandbox*. The project, if successful, will provide the basis for RBI’s guidance and regulatory support in providing Offline Retail Payments, based on Crunchfish Digital Cash platform, to the payment ecosystem of India. Integration of Crunchfish Digital Cash SDK into the Payer and Merchants apps, that will be used during the pilot, has now been completed. With the frontend parts in place, focus from now will be on backend related functionality and quality assurance. The pilot is planned to start in mid-December.

“Reaching this milestone was important to meet the overall project plan to start the RBI pilot in mid-December. We have been working hard together with our partnering banks so I’m very delighted that we keep the time plan defined at the start of our co-operation. Holding the deadline also proves that both our Digital Cash platform and our support team meet the high demands and requirement from the banks. Together we will now finalize the backend integration and prepare for pilot start", says Magnus Lageson, CPO and Crunchfish’s Project Manager in the project.

*The Regulatory Sandbox was established in 2020 by the Reserve Bank of India (RBI) to foster responsible innovation in financial services, promote efficiency and bring benefit to end users. The Regulatory Sandbox is a formal regulatory program for market participants to test new products and services with customers in a live environment, subject to certain safeguards and oversight. It allows the regulator, innovators, financial service providers and end users to conduct field tests to collect evidence on the benefits of new financial innovations, while carefully monitoring and containing their risks. To be approved access to the Regulatory Sandbox, the proposed financial service shall include new or emerging technology, or use of existing technology in an innovative way and should address a problem and bring benefits to consumers.

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 on 24 October 2022 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 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 a subsidiary in India.

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Crunchfish today released a new version of the Digital Cash SDK, targeting feature and performance requirements in the project with HDFC Bank and Reserve Bank of India (RBI). This version will be used to demonstrate and pilot offline retail payments.

The release targets the HDFC Bank and Reserve Bank of India (RBI) project and addresses requirements in the upcoming pilot. Focus areas for the new version have been to add additional security features and to streamline the integration of the Digital Cash SDK. HDFC Bank and one additional bank started the integration in August with the previous Digital Cash SDK version and will now upgrade to this improved version.

Highlight of the new Digital Cash version includes:

• New risk limits that comply with RBI regulations in India
• Access control management
• Improved certificate management
• Improved fraud detection capabilities and fraud management
• Additional security features to prevent cloning and double spending offline
• Improved backend integration components and documentation

This release will also be made available for other customer integration projects through the Crunchfish Developer portal.

“Our development team has been working hard to meet the requirements in the HDFC Bank and RBI project. The new version of Crunchfish Digital Cash has been released to the HDFC project team and they will now upgrade the solution for offline retail payments. In parallel with the integration of this version and the upcoming pilot, we are also working on a new version that will be the baseline for commercial deployment. This version is planned to be released at the end of the year.” says Magnus Lageson, CPO 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 September 2022 at 11.45 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, automotive and digital interfaces. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with subsidiary in India.

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