Crunchfish enables secure and scalable mobile card payments

Crunchfish AB (“Crunchfish”) broadens the Digital Cash solution by patenting secure and scalable mobile wallets using Host-based Card Emulation (HCE) for online as well as offline EMV payments leveraging virtual secure elements. This patent-pending application is of strategic importance for Crunchfish as it extends the company’s total addressable market and the near-term revenue opportunities considerably as mobile wallets with tokenized HCE payments is the major digital payment method in the world, with almost 5 billion mobile wallets at the end of 2023.

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It is a challenge to add secure HCE payment capabilities to payment applications on smartphones. Payment applications running on smartphones are implemented in software-based Rich Execution Environments (REEs), which provide high level of scalability but have security issues for HCE payment applications. EMV tokens, credentials and other HCE assets are not safe from attacks. To be truly secure, HCE payments must be implemented as a Trusted Application (TA) within a Tamper Resistant Element (TRE) that protects the TA with an isolated secure runtime for storing of EMV tokens, credentials, and other HCE assets.

A key consideration for establishing the required additional security with maintained scalability is how the TRE is implemented. It could either be implemented in hardware or software. HCE payments implemented in a hardware-based TRE are hard to scale as such TREs are controlled by device manufacturers (OEMs) or mobile network operators (MNOs). A software-based virtual TRE adds the required additional security whilst maintaining the desired scalability as it is easily deployable and maintainable on all smartphones, without any OS, OEM, or MNO dependencies. Furthermore, Crunchfish’s novel approach for HCE payments has the potential to enrich HCE payments by adding novel use cases, e.g. offline, scan and pay and P2P payments.

 

“This innovation is a significant milestone for Crunchfish as it positions Crunchfish as a disruptive technical provider within the mainstream mobile card payments. The total addressable market and near-term revenue opportunities for Crunchfish are significantly increased by adding HCE payment capabilities to our secure and scalable Digital Cash solution for offline payments.”, 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 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 08:00 CET on March 27th, 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 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 a subsidiary in India.

 

 

 

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Lunchsnack med VD Joachim Samuelsson efter Investerardagen

Crunchfishs VD Joachim Samuelsson deltog på Västra Hamnens Investerardag där han presenterade det senaste kring Crunchfish. I ett efterföljande Lunchsnack med Johan Wimark på Emergers diskuterades presentationen med möjlighet för aktieägare att ställa frågor. Lunchsnacket täckte fem olika områden.   

  • Hur ska Crunchfish lösa sin finansiering?
  • Varför behövs offline betalningar och hur är Crunchfishs Digital Cash unikt?
  • Crunchfish utveckling av Digital Cash fram till idag
  • Varför skall man investera i Crunchfish?
  • Övriga frågor

Länkar till inspelningarna av de två eventen finns här:

Västra Hamnens Investerardag

Lunchsnack med frågestund

För mer information, kontakta:
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 12th March 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 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 a subsidiary in India.


Crunchfish VD Joachim Samuelsson presenterar på Investerardagen

2024-03-09|

Crunchfishs VD Joachim Samuelsson kommer deltaga på Västra Hamnens investerardag där han presenterar det senaste kring Crunchfish. I ett efterföljande Lunchsnack ger han även aktieägarna chansen att ställa frågor direkt till honom. Båda eventen hålls på svenska.

Västra Hamnens investerardag sänds 8 mars klockan 10:00 på Youtube-kanalen https://www.youtube.com/watch?v=CCn9rHChZ-4

Lunchsnacket med frågestund går av stapeln måndagen 11 mars klockan 12:00 och modereras av Johan Widmark på Emergers. För att deltaga vid Lunchsnacket används nedanstående uppgifter:

Länk till mötet
Mötes-ID: 820 8912 2742
Lösenkod: 813558

Lunchsnacket spelas även in och publiceras tisdagen 12 mars.

För mer information, kontakta:
Joachim Samuelsson, CEO Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

This information was provided by the above for publication on 5th March 2024 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 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 a subsidiary in India.


Q&A with CEO Joachim Samuelsson after the 2023 year-end report

You can watch here the Q&A session with Joachim Samuelsson about Crunchfish year-end report for 2023:

Crunchfish year-end report for Q4 2023 is available via the following link:

Year-end 2023 report

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 and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.


Crunchfish year-end 2023 webinar

The webinar about Crunchfish year-end report for Q4 2023 is now available via the following link:

Year-end 2023 webinar

Crunchfish year-end report for Q4 2023 is available via the following link:

Year-end 2023 report

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 15th February 2024 at 18:00 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 and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.


Lunchsnack med Crunchfish om bokslutskommunikén 2023

Med anledning av många frågor från aktieägare om bokslutskommunikén ger vi en möjlighet att ställa dem direkt till Joachim Samuelsson. Detta lunchsnack kommer genomföras på svenska och modereras av Johan Widmark på Emergers.

För att deltaga i lunchsnacket används nedanstående uppgifter:

Länk till mötet

Mötes-ID: 852 4169 9872

Lösenkod: 791754

For more information, please contact:

Joachim Samuelsson, VD Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

This information was provided by the above for publication on 15th February 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 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 a subsidiary in India.