Fintech company Valuno has reached a settlement with Paysecure (Netgraph) regarding the previously applicable agreement.

As part of the agreement, no shares will be issued to Paysecure and Valuno will repay the loan of EUR 0.5 million, as well as a market interest component. This is stated in a press release.

The parties entered into cooperation in the fall of 2023, first by Paysecure driving traffic and users to Valuno through its platform, and later by Paysecure also obtaining the right to subscribe for new shares in Valuno at a discounted price, provided that certain commercial conditions were met. However, the commercial cooperation never materialized and Valuno's financial position has improved significantly since then, leading to a renegotiation of the agreements.

"We are very pleased that we have now reached this solution and would like to thank Paysecure for their flexibility in these negotiations", comments Daniel Soneson, CEO of Valuno.

The parties are said to have left the door open for future cooperation and investment, but then based on new agreements that take into account updated conditions.

A share issue by Valuno would have resulted in a maximum dilution of ten percent of the number of shares in the company.