Efter ett första kommersiellt avtal med IDFC First Bank under sommaren arbetar Crunchfish nu intensivt med att etablera sig på den enorma indiska marknaden. Se intervjun med vd Joachim Samuelsson, nyss hemkommen från Global Fintech Fest 2023, där han ger en uppdatering om avtalen med två av Indiens största banker och de viktigaste stegen framåt.
LÄS EMERGERS SENASTE ANALYS PÅ CRUNCHFISH NEDAN
CRUNCHFISH: Mixed picture in India with a rights issue pressing closer
In June, Crunchfish signed its first breakthrough commercial order for Digital Cash Offline, with Indian IDFC Bank. But the Q2 report left several questions unanswered, most notably the prolonged negotiations with HDFC Bank, the expired MoU with Socio, and the acquisition of an Indian payment platform company that did not materialize. Combined with a dwindling cash reserve, this has put pressure on the stock price. While we see a fundamental value in Crunchfish’s solution, well above today’s price, a recovery hinges on improved clarity about the near to mid-term outlook, especially financing, lest the Company makes quick commercial progress in the breakthrough order with IDFC.
Andreas Eriksson & Johan Widmark | 2023-08-31 11:00
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