Press releases

Crunchfish and HDFC Bank in project with Reserve Bank of India

Crunchfish in partnership with HDFC Bank have made a joint application to access Reserve Bank of India (RBI) Regulatory Sandbox to demonstrate and pilot offline retail payments. The application has been approved and the integration has begun. 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.

“HDFC Bank is excited to partner with Crunchfish Digital Cash for offline retail payments. This innovative solution will enable HDFC Bank to reach a wider audience and allow its customers and merchants to make and receive payments in complete offline mode. This will boost financial inclusion by increased adoption of digital payments as it enables transactions without the need of network connections.”, says Anjani Rathor, Chief Digital Officer at HDFC Bank.

HDFC Bank is India’s leading private bank and was among the first to receive approval from RBI to set up a private sector bank in 1994. Today, HDFC Bank has a banking network of 6,342 branches in 3,188 cities. HDFC Bank offers a diverse range of financial products and banking services to customers through a growing branch network and digital channels such as Netbanking and MobileBanking.

“India is the leading real-time payments market in the world and in focus for our sales and marketing efforts. Crunchfish Digital Cash is highly relevant for the Indian market as it drives financial inclusion and increased payment availability. It is a great milestone for Crunchfish to team up with HDFC Bank to showcase Digital Cash for RBI.”, says Joachim Samuelsson, Crunchfish’s CEO.

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 

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 5 September 2022 at 14:45 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 a subsidiary in India.

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Crunchfish publishes half-year report for 2022

Today, Crunchfish AB (“Crunchfish”) publishes the company’s half-year report for the second quarter and first six months 2022. Below is a brief summary of the report.

 

Group financials 2022-04-01

2022-06-30   

2021-04-01

2021-06-30   

2022-01-01

2022-06-30   

2021-01-01

2021-06-30   

         
Net sales (SEK) 134,437    916,575    350,786    2,017,787   
Profit or loss before tax (SEK) -6,748,539    -8,629,724    -13,481,376    -16,395,669   
Earnings per share (SEK) -0.22    -0.30    -0.44    -0.58   
Equity-assets-ratio (%) 86.1%    48.4%    86.1%    48.4%   
Total cash and bank balances (SEK) 19,054,706    1,384,899    19,054,706    1,384,899   

 

 

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

India leads the world when it comes to real-time payments. The volumes are already huge and it will only accelerate further. Key drivers for the future are offline payments and central bank involvement via regulatory guidelines and innovation support. Crunchfish has the offline payment solution required and we are ready to deliver. Within Gesture Interaction our XR Skeleton Stereo is getting a lot of attention and is being delivered to leading computer vision players.”

 

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 Jens Jacob Aabel Nordkvist from Västra Hamnen Corporate Finance.

In order to participate at this webinar, registration is done via the following link:

https://us02web.zoom.us/webinar/register/WN_U2pd5sy5RvqTAX9anjeY1g

 

A recording of this webinar will also be available afterwards 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 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 25 August 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 representation in India.

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Invitation to a webinar about Crunchfish’s half-year report for Q2 and first six months 2022

2022-08-24|

On Thursday, August 25 at 08:30 CET/13:00 IST, Crunchfish AB (“Crunchfish”) publishes its half-year report for Q2 and first six months 2022. 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 Jens Jacob Aabel Nordkvist from Västra Hamnen Corporate Finance.

In order to participate in this webinar, registration is done via the following link: https://us02web.zoom.us/webinar/register/WN_U2pd5sy5RvqTAX9anjeY1g

 

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 

 

 

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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Crunchfish finalist in Reserve Bank of India’s Global Hackathon for Digital Cash on non mobile devices

Crunchfish was a finalist for its innovation Digital Cash on non-mobile devices, in the global hackathon “HARBINGER 2021 – Innovation for Transformation”, organized by RBI, the Reserve Bank of India. The overall objective of the hackathon was to identify and enable innovations with the potential to transform the digital payments landscape. Crunchfish participated for the problem statement – Non Mobile Digital Payment Solutions.

 

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Reserve Bank of India (RBI) organized its first global hackathon – “HARBINGER 2021 – Innovation for

Transformation” with four problem statements to shape the future of the payment systems in India.

 

  • Non-mobile digital payment solutions
  • Alternate authentication mechanism for digital payments
  • Context based retail payments solution
  • Social Media Analysis tool

 

 

Crunchfish was invited as one of 25 finalists from 363 entries to present and demonstrate their submitted solutions for an RBI jury in Bengaluru on May 26th-27th. The objective of RBI’s maiden hackathon was to identify and enable solutions that have potential to make digital payments accessible to the under-privileged, enhancing the ease of payments, enriching the experience of the users, while strengthening the security of digital payments and protecting the consumers.

 

Crunchfish Digital Cash on non-mobile devices, such as smart cards and wearables, enables contactless payments for the mass-reach era of digital payments, even in offline mode. It will be beneficial for swift and easy-to-use payments, in a multitude of use case scenarios, for convenience stores, transit and toll. It will also enable financial inclusion of the non-privileged, children, and elderly that may not be able to use mobiles or live in an area without network connectivity. This is a natural extension of the Crunchfish Digital Cash platform, enabling P2P top-up of cards and wearables from mobile apps and contactless payments from non-mobile devices to mobile apps, even in offline mode.

 

“By allowing non-mobile devices, such as smart cards and wearables, to exchange value with mobile apps, Crunchfish Digital Cash enable financial inclusion by a swift and easy way to pay in many use cases, also without network connectivity. Our main take away was the positive and encouraging feedback we received from representatives at the central bank of India. We are looking forward to continuing the dialog and take it to the next level as Digital Cash is relevant for the Indian payments market”, 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 contact person above for publication on 30 May 2022 at 14:05 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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Crunchfish Governance from a strategic development perspective in focus at webinar

Crunchfish Governance was the topic of the 20th Survival of the fittest webinar. Crunchfish’s chairman presented Granitors’ strategic platform for business development followed by a panel discussion with board members at Crunchfish.

In this webinar on Crunchfish Governance, the 20th of the Survival of the fittest webinar series,

Crunchfish’s Chairman of the Board Göran Linder presented Granitor’s strategic business development platform. A panel discussion followed with Göran Linder, Board member Susanne Hannestad and Joachim Samuelsson, Crunchfish CEO and board member on how this applies to Crunchfish. Johan Wester moderated the webinar.

 

Register for the webinars and see all previous webinars at crunchfish.com/webinars/.

 

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 27 May 2022 at 12:00 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, 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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