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    QBIT   SE0010662585

QUICKBIT EU AB (PUBL)

(QBIT)
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QuickBit eu : partners with Bank Frick for acquiring services

08/26/2021 | 02:01am EST

Quickbit has entered into an agreement with Bank Frick and adds another acquiring partner for card-to-crypto transactions. Bank Frick is an enterprising bank specialising in cutting-edge blockchain banking services. Adding Bank Frick as an acquiring partner supports Quickbits growth ambitions and lowers over time Quickbits transaction and introducer costs.

The agreement offers Quickbit attractive terms and helps Quickbit lower its transaction and introducer costs over time. Bank Frick is an enterprising bank which offers a range of services designed for financial intermediaries and specialises in cutting-edge blockchain banking services. Bank Frick currently offers corporate banking services to Quickbit, and the new agreement also includes acquiring services.

"Through the partnership with Bank Frick, we further increase the number of partners for the acquiring of cryptocurrencies with payment cards. Having several partners reduces both our business risk and over time our transaction costs. We are particularly pleased to continue on our growth journey with a partner specialising in blockchain banking services.", said Hammad Abuiseifan, CEO of Quickbit.

For further information, please contact:
Hammad Abuiseifan, CEO, Quickbit eu AB (publ)
Hammad@quickbit.com
+ 46 73 095 87 12

------------------------------------

Quickbit is a Swedish fintech company, which was founded in 2016 with the goal that more people and companies should use cryptocurrency on an everyday basis. Today Quickbit offer solutions for e-merchants to be paid in cryptocurrency and will launch solutions for people to easily use cryptocurrency on an everyday basis. Our more than 60 employees are based in four locations - Stockholm, Gibraltar, Tallinn and Lahore in Pakistan. Quickbit has been listed on NGM Nordic SME since July 2019. Read more at https://quickbit.com

https://news.cision.com/quickbit-eu-ab/r/quickbit-partners-with-bank-frick-for-acquiring-services,c3403386

https://mb.cision.com/Main/16312/3403386/1459262.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2022 4 236 M 463 M 463 M
Net income 2022 10,0 M 1,09 M 1,09 M
Net cash 2022 180 M 19,7 M 19,7 M
P/E ratio 2022 61,8x
Yield 2022 -
Capitalization 547 M 59,7 M 59,8 M
EV / Sales 2022 0,09x
EV / Sales 2023 0,06x
Nbr of Employees 80
Free-Float 67,5%
Chart QUICKBIT EU AB (PUBL)
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QuickBit eu AB (publ) Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 0
Last Close Price 6,18 SEK
Average target price 11,50 SEK
Spread / Average Target 86,1%
EPS Revisions
Managers and Directors
Hammad Abuiseifan Chief Executive Officer & Director
Simon Afeworki Chief Financial Officer
Mikael Karlsson Chairman
Niklas von Proschwitz Head-Technology
Johan Bj÷rklund Chief Legal & Compliance Officer
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