In order to strengthen the business,
NPinvestor’s new business within the cryptocurrency trading industry (through the 100 pct. owned subsidiary CPH Crypto A/S) is expected to be significantly strengthened by this transaction. It will enable NPinvestor to gain an important foothold within Blockbonds’ client and user base by launching services that utilize the global market growth and the huge potential within cryptocurrency exchange, investment, lending and portfolio management. CPH Crypto A/S is registered with the Danish Financial Authorities according to the Money Laundering Directive (Hvidvasklovens § 48, stk. 1).
The transaction is a strong match for both companies that are expected to profit from innovative products and technology, strengthen financials, scalability and operational synergy. The transaction is implemented as a share swap between NPinvestor and Blockbonds.
Approval of the transaction will be on the agenda at NPinvestor’s ordinary general meeting in 2021.
Blockbonds to help banking the unbanked
In a world where 1.7 billion people are still unbanked, Blockbonds has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology Blockbonds has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform (www.spenn.com)
The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has recently launched new integrated services in the platform and expects to launch more crypto services going forward.
SPENN is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPENN is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.
Share swap transaction
The transaction is implemented as a share swap by NPinvestor’s issuance of new shares to the shareholders of Blockbonds based on a valuation of Blockbonds of
The transaction is subject to approval by 90 pct. of the shareholders of Blockbonds and pending successful Due Diligence by Blockbonds.
The transaction is expected to be completed in early Q3 2021 and NPinvestor is expected to have a new valuation of
NPinvestor will remain as the parent company of the legal entities CPH Crypto A/S, Netposten A/S and Blockbonds AS.
Blockbonds has previously successfully raised
About NPinvestor
NPinvestor is a Danish fintech company with activities within trading and investment as well as financial media (the NPinvestor.com group). The NPinvestor.com group offers opportunities for investors to find financial information, trading and asset management.
NPinvestor is listed at Nasdaq First North Growth Market Denmark. Ticker code: NPINV
NPinvestor owns 100 pct. of CPH Crypto A/S which offers to trade and invest with bitcoin and other cryptocurrencies. NPinvestor owns 100 pct. of NPinvestor.dk (operated by the subsidiary Netposten A/S) which is an investment portal for investors in the Danish market.
For further Information
Certified Advisor: Västra
CVR nr.: 26518199
Symbol: NPINV
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 0000
info@npinvestor.com
www.npinvestor.com
Contacts
Jan F. Andersen , Adm. direktør, 8830 0008, jfa@npinvestor.com
© Ritzau Denmark, source