SaveLend

The acquisition includes all customer relations with investors and borrowers within Lunar’s P2P operations. In connection with the migration, the capital on the savings platform SaveLend will increase by SEK 450 million. No purchase price is paid upon entry, instead, a performance-based compensation will be paid to Lunar of 50% of actual earnings during the period 2023-2027 from the active investments taken over.

“We are extremely pleased to now be able to move forward and complete this acquisition that we have been working on for a long time. The team and I are really looking forward to welcoming the new investors and borrowers to our platform! The acquisition is also an excellent opportunity for us to clearly prove our scalability, both technically and organizationally," says Ludwig Pettersson, CEO of SaveLend Group.

The transaction in brief:

• SaveLend Group acquires all customer relations, both investors and borrowers, as well as the brand and domain Lendify (.fi, .se, .com, .dk, and .no) in the transaction.
• The acquisition is expected to take place during the summer of 2023.
• Once the acquisition is completed, investors and borrowers will become customers of SaveLend Group.
• No purchase price is paid upon entry, instead, a performance-based remuneration is paid. Hence, SaveLend Group takes out no loans and causes no dilution for its shareholders in connection with the acquisition.
• Performance-based remuneration will be paid to Lunar, amounting to 50% of actual revenues during the period 2023-2027 from the active investments taken over. After that, all income accrues to SaveLend Group.

The acquisition includes, among other things, the following assets:

• Over SEK 450 million in invested capital.
• 17,000 active investors.
• SEK 26,500 average capital per investor.
• 60% of investors reinvest repayments and returns automatically.
• 10% of investors have active monthly savings.
• The Lendify brand and domains (.fi, .se, .com, .dk, and .no).
• 7,000 borrowers.
• 6,000 inactive investors.

Advisor
Cirio Advokatbyrå AB has been the Company’s legal advisor in the transaction.