Västra Hamnen Corporate Finance has released a research update on Crunchfish following the company’s full year report for 2020. The report shows how the company’s focus is evolving more and more towards digital cash, not least with the breakthroug agreement with VISA. With very low visibilty, our valuation interval is unchanged while we await further information, writes Västra Hamnen.
- VISA partnership could be major breakthrough in digital cash
- Q4 financials in line with expectations
- We maintain our valuation range unchanged at SEK 25.30 – 40.10
Yesterday’s full year report from Crunchfish shows how the company’s focus is evolving more and more towards digital cash. Crunchfish has released a string of press releases recently, detailing new partnerships and patents in this area. Its ambitions have now grown far beyond instant payments in India and the Nordic area. The company has patented solutions that would facilitate offline digital cash payments for any digital wallet anywhere, irrespective of whether the underlying payment structure is a card network, an instant payment network, central bank digital currency, or a combination of these.
The full report is available here.
The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance’s commissioned research offering.
This is a press release from Västra Hamnen Corporate Finance AB.
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