Archive commissioned analysis

Crunchfish has commissioned Västra Hamnen and Emergers to conduct analysis of the company. The analyses include an independent review of the company, its products, markets and competitors as well as a financial scenario that serves as a basis for an estimate of a motivated market cap of the company.

Västra Hamnen Corporate Finance

Video: Crunchfish’s CEO on the new approach – June 2025

Crunchfish: Awaiting progress in India – May 2025

Video: Crunchfish om Q1 2025 – May 2025

Crunchfish: 2025 – time to deliver – February 2025

Video: Crunchfish om Q4 2024– February 2025

Crunchfish: Awaiting commercial break-through – December 2024

Video: Crunchfish om Q2 2024– August 2024

Crunchfish: Considering strategic options– August 2024

Crunchfish: Patent filings broaden the scope – May 2024

Video: Crunchfish presenterar Q1 2024 – May 2024

Video: Crunchfish presenterar årsredovisningen 2023 – April 2024

Video: Investerardagen mars 2024 – March 2024

Paving the way for Digital Cash – February 2024

Intention to divest Gesture Interaction – February 2024

Video: Crunchfish presenterar Q4 2023 – February 2024

Competition on the horizon – December 2023

Video: Crunchfish presenterar Q3 2023 – December 2023

Recalibrating risk metrics – August 2023

Video: Crunchfish presenterar Q2 2023 – August 2023

Market activity around the globe – May 2023

Video: Crunchfish presenterar Q1 2023 – May 2023  

A reassessment of assumptions – February 2023

Fishing for bigger deals – November 2022

Moving forward – August 2022

Central banks calling – May 2022

Business model crystallizing – March 2022

Platform strategy implemented – February 2022

Online as well as Offline – December 2021

Business model firming up – May 2021

Diligent dash for digital cash – April 2021

Partners and patents – February 2021

Offline for all – November 2020

Partnership with potential – August 2020

Coping with corona – May 2020

Turning eastward – April 2020

Blippit delay adds uncertainty – November 2019

Blippit on track for Q4 launch – August 2019

Rebel rocks retail payments – May 2019

Contact information:
Martin Dominique, Chief Analyst
Johan Larsson, Equity Analyst
Västra Hamnen Corporate Finance
johan.larsson@vhcorp.se

Emergers

Video: Lunchsnack med CRUNCHFISH vd Joachim Samuelsson om Rethinking Payments – June 2025

Video: Lunchsnack med CRUNCHFISH vd Joachim Samuelsson om nya approachen till Offline Payments – May 2025

Third time a charm? New offline strategy targets system integration – May 2025

Video: Crunchfish presenterar årsredovisningen 2024

Still in the running for a one billion-user Digital Cash market – February 2025

Video Q3 report webinar – November 2024

Rights issue to stay the course on extended timeline – September 2024

Three avenues to address the strained financing – August 2024

Broadening of scope to all offline credentials – May 2024

Major TAM expansion with broadening to secure and scalable mobile card payments – March 2024

Clearing the books in preparation for breakthrough in 2024 – February 2024

Video interview with CEO (SWE) + Streamlining for breakthrough in 2024 – February 2024

An important but expected stamp of approval from RBI – December 2023

Outlook is brightening up following UPI Lite X update – December 2023

Rights issue to capture the Offline Payments opportunity now rising on agenda in India – September 2023

Videointervju med CEO Joachim Samuelsson – September 2023

Mixed picture in India with a rights issue pressing closer – August 2023

Commercial deal with IDFC Bank validates that Digital Cash is primed for commercialization – July 2023

Strong outlook to make 2023 a breakthrough year – May 2023

The most interesting fintech rollout since iZettle – January 2023

Contact information:
Johan Widmark
Equity research analyst 
Emergers 
johan@emergers.se