Malmö, April 17th, 2026. 

Crunchfish AB today announces that the Indian Patent Office has issued a Decision to Grant for its core patent application covering governed offline payments. The patent, IN587081, protects Crunchfish’s foundational architecture for enabling resilient digital payments without continuous system availability in India and is valid for 20 years from its original filing in January 2020. 

India is at the forefront of global payments innovation, with its UPI infrastructure processing more than 20 billion real-time transactions per month, comparable to the rest of the world combined. In addition, India operates a leading national card scheme and is among the most advanced globally in Central Bank Digital Currency (CBDC) implementation through the Digital Rupee.

Crunchfish has been actively engaged in the Indian market since 2020 and is currently collaborating with National Payments Corporation of India (NPCI) to enable vendor-neutral offline acceptance for the Digital Rupee, positioning the Company at the centre of India’s next phase of payment infrastructure development. 

The granted patent secures Crunchfish’s position both:

• Domestically in India, by protecting the use of governed offline payments within the Indian market
• Internationally from India, by preventing Indian entities from exporting similar governed offline solutions globally

This milestone follows earlier grants of the same foundational invention in the United States, Europe (validated in 22 countries), and Taiwan, with the patent pending in China. It further strengthens Crunchfish’s strong intellectual property portfolio, which spans 22 patent families across multiple jurisdictions, covering both payment-specific and application-generic innovations. 

The patented technology enables a new payment architecture where transactions can be executed independently of continuous system availability, while maintaining control of digital money and eliminating settlement credit risk. The original invention was first disclosed at the end of January 2020, when Crunchfish announced its capability to enable offline, frictionless mobile payments, laying the foundation for what has since evolved into its governed offline architecture.  

“Receiving this patent grant in India is strategically highly significant. India is not only one of the largest payment markets in the world, it is also leading the global transition toward resilient digital payment infrastructure. This strengthens our commercial position at a time when offline capability is becoming a requirement rather than an option,” 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 Crunchfish AB obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the above for publication on 17th April 2026 at 11:30 CEST.

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 fintech company developing patented governed offline payments technology for payment systems, banks, and payment applications. Its reservation-based Layer-2 architecture enables offline payments to operate as digital money, preserving central ledger authority, bounded exposure, and liquidity anchored within regulated institutions. By structurally aligning banking economics, scalable deployment, and governance continuity, Crunchfish enables offline capability at institutional scale without creating parallel forms of money or unmanaged credit risk. Crunchfish is listed on the Nasdaq First North Growth Market.

Crunchfish AB today comments on recent media coverage in Swedish financial press regarding the Company’s ongoing April 2026 rights issue.

In the editorial Crunchfish: ”Skapar ny finansieringseffekt för bankerna” by Affärsvärlden, the economic dimension of Crunchfish’s technology is highlighted, describing how offline reservations can create a new funding dynamic for financial institutions.

At the same time, Börsvärlden addresses the structural challenge in payments in the advertorial “Crunchfish vill lösa betalningarnas svaga punkt”, pointing to the dependency on continuous system availability as a fundamental vulnerability.

Together, the articles highlight the two defining aspects of Crunchfish’s offering: addressing a structural flaw in payment infrastructure and enabling a new economic model based on reserved liquidity.

“It is encouraging to see both the structural resilience challenge in payments and the economic potential of offline reservations being recognized in independent financial media,” says Joachim Samuelsson, CEO of Crunchfish.

The ongoing rights issue supports Crunchfish’s transition from validation to scaling its technology at a time when resilience is becoming a key requirement in digital payments.

More information on the rights issue is available here:

Information Memorandum

Annual report 2025

Webinar about Annual Report 2025 and April 2026 Rights Issue

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 April 16th, 2026, at 16:00 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 fintech company developing patented governed offline payments technology for payment systems, banks, and payment applications. Its reservation-based Layer-2 architecture enables offline payments to operate as digital money, preserving central ledger authority, bounded exposure, and liquidity anchored within regulated institutions. By structurally aligning banking economics, scalable deployment, and governance continuity, Crunchfish enables offline capability at institutional scale without creating parallel forms of money or unmanaged credit risk. Crunchfish is listed on the Nasdaq First North Growth Market.

Download as PDF

Crunchfish today announces that CEO Joachim Samuelsson is featured in a recent interview with Aktiespararna, discussing the structural shift in global payments and the Company’s ongoing rights issue. The interview highlights how digital payments are evolving from always-on systems to architectures designed for resilience. As payments become critical infrastructure, the industry is increasingly recognizing the limitations of real-time dependency and the need for solutions that function even when systems are unavailable.

Crunchfish’s governed offline technology addresses this challenge by enabling payments to execute independently of continuous system availability, while preserving control, compliance, and financial stability.

“The question is no longer how we keep payment systems running, but whether payments should depend on them at all,” says Joachim Samuelsson, CEO of Crunchfish. 

The interview is published in connection with Crunchfish’s ongoing rights issue, which is fully backed by the Company’s leadership. A company led by the Chairman has committed to subscribe for 4 million shares, while CEO Joachim Samuelsson has committed to subscribe for the remaining 1 million shares.

Read more about the rights issue

Watch the interview

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 April 15th, 2026, 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 fintech company developing patented governed offline payments technology for payment systems, banks, and payment applications. Its reservation-based Layer-2 architecture enables offline payments to operate as digital money, preserving central ledger authority, bounded exposure, and liquidity anchored within regulated institutions. By structurally aligning banking economics, scalable deployment, and governance continuity, Crunchfish enables offline capability at institutional scale without creating parallel forms of money or unmanaged credit risk. Crunchfish is listed on the Nasdaq First North Growth Market.

Download as PDF

Crunchfish’s webinar about the Annual Report 2025 and April 2026 Rights Issue is now available. Crunchfish CEO Joachim Samuelsson is interviewed by chief analyst Martin Dominique from Västra Hamnen Corporate Finance.

The webinar is available via the following link:

Annual Report 2025 and April 2026 Rights Issue webinar

Crunchfish annual report 2025 is available via the following link (in Swedish):

Crunchfish Annual Report 2025

The Information Memorandum for the rights issue of shares is available via the following link:

Information Memorandum

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 April 14th, 2026, at 15:00 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 fintech company developing patented governed offline payments technology for payment systems, banks, and payment applications. Its reservation-based Layer-2 architecture enables offline payments to operate as digital money, preserving central ledger authority, bounded exposure, and liquidity anchored within regulated institutions. By structurally aligning banking economics, scalable deployment, and governance continuity, Crunchfish enables offline capability at institutional scale without creating parallel forms of money or unmanaged credit risk. Crunchfish is listed on the Nasdaq First North Growth Market.

Download as PDF

Resilience isn’t a backup plan. It’s an architectural design choice. The payments industry is obsessed with uptime: more redundancy, more failover, more investment in keeping systems always available. But what if that’s the wrong problem to solve? What if resilience isn’t about keeping systems alive, but about removing the dependency on them altogether?

In the latest P.I.T. Exchange podcast by Currency Research, Crunchfish CEO Joachim Samuelsson explores how offline payments are not merely a contingency feature, but the starting point for a broader transformation in how digital systems are designed and governed.

Offline payments prove something fundamental: payments don’t need to rely on system availability in real time. And once that realization sets in, the implications are hard to ignore. If a payment can be executed securely without the system, what exactly is the system still controlling?

From System Dependency to Architectural Shift

Governed offline payments introduce a fundamentally different model:

• Reserve pre-funded value
• Pay using locally executable transactions
• Settle deterministically without credit risk

In other words: payments can happen without asking permission from the system at the moment of payment. This is not just a resilience feature. It is an architectural shift.

• Liquidity is pre-authorized, not accessed on demand
• Settlement credit risk is removed—not managed
• Governance remains central, but execution moves to the edge

Who Owns the Payment Moment?

This shift raises a more fundamental question: Who owns the moment of payment when the system is no longer in control? This is where the conversation moves beyond offline payments into what can be described as governed architectures.

A model where trust is not enforced solely by centralized systems, but embedded in the client, cryptographically secured, and governed by rules that travel with the transaction itself.

Crunchfish refers to this as Trust in Clients—a patented concept explored in its June 2024 whitepaper, arguing that resilient systems must distribute execution without losing governance or auditability. 

A Shift Larger Than Payments

This is not a niche idea. It sits at the intersection of the most important shifts in finance today:

• Tokenized deposits
• Programmable payments (smart contracts/conditional payments)
• CBDCs and the redesign of payment infrastructure

Yet the industry remains focused on making existing systems faster and more available instead of asking whether those systems should be required at all in real time. That may be the real disruption.

• Not faster payments.
• Not cheaper payments.

But payments that no longer depend on the system they were built on.

The Broader Picture

More than 50 years ago, the internet solved resilience for communication by decentralizing it. Messages route around failure. Networks degrade gracefully. Payments never made that leap.

Instead, they remain built on centralized, real-time, always-on architectures—dependent on continuous availability of authentication, clearing, and settlement. In that sense, payments today are as fragile as communications were before the internet changed the model.

“The internet delivered survivability in the face of failure for communications. Crunchfish applies the same principles to applications, starting with payments.”, said Joachim Samuelsson, Crunchfish CEO.

Samuelsson will expand on this theme at imaginXt, India’s Tech and Innovation Festival in Mumbai, May 22–23, 2026.

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 April 13th, 2026, 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 fintech company developing patented governed offline payments technology for payment systems, banks, and payment applications. Its reservation-based Layer-2 architecture enables offline payments to operate as digital money, preserving central ledger authority, bounded exposure, and liquidity anchored within regulated institutions. By structurally aligning banking economics, scalable deployment, and governance continuity, Crunchfish enables offline capability at institutional scale without creating parallel forms of money or unmanaged credit risk. Crunchfish is listed on the Nasdaq First North Growth Market.

Download as PDF

Crunchfish AB (“Crunchfish”) today announces the release of a new interview with CEO Joachim Samuelsson, now available via JDB’s payment communication channels. In the interview, Joachim Samuelsson discusses the growing importance of resilience in digital payment systems and why offline capability is rapidly becoming a critical requirement for national payment infrastructure.

As digital economies scale and dependency on always-available systems increases, the ability to execute payments even when systems are unavailable is moving from a contingency feature to a fundamental design principle.

Crunchfish’s patented governed offline architecture enables payments to be executed as signed instructions based on reserved capacity in the underlying system. This approach ensures that:

🟢 no money leaves the banking system

🟢 no credit risk is introduced

🟢 settlement remains fully governed

Crunchfish is actively engaged in global markets where resilience is becoming a priority, including large-scale real-time payment environments and central bank-led initiatives.

“Digital systems must be designed to work not only when everything functions, but also when they don’t.” says Joachim Samuelsson, CEO of Crunchfish.

🎥 Watch the interview via this link:

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 April 10th, 2026, 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 fintech company developing patented governed offline payments technology for payment systems, banks, and payment applications. Its reservation-based Layer-2 architecture enables offline payments to operate as digital money, preserving central ledger authority, bounded exposure, and liquidity anchored within regulated institutions. By structurally aligning banking economics, scalable deployment, and governance continuity, Crunchfish enables offline capability at institutional scale without creating parallel forms of money or unmanaged credit risk. Crunchfish is listed on the Nasdaq First North Growth Market.