Västra Hamnen Corp. Finance
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Crunchfish: Laying the foundation
- Pilot project underway with NPCI in India
- A directed share issue funds the company through 2026
- We keep our fair value of SEK 5.88 per share
Q3 was literally an eventful quarter for Crunchfish, with CEO Joachim Samuelsson and staff participating in numerous events to present the revised concept and go-to-market strategy. The message seems well-received, as the company's Digital Cash solution is now being integrated into the National Payment Corporation of India's (NPCI) infrastructure. The quarter also included a directed share issue of MSEK 14 to fund the company into 2026, supplemented by warrants that could add 12-16 MSEK in March 2026 and access to a credit facility of MSEK 10 from Q2 2026.
The full report is available here.
| Datum | 2025-11-14, kl 10:30 |
| Källa | MFN |