Home

900,000

Users
and counting

4 Markets

Tanzania, Rwanda, Zambia & Philippines

2.5M+

Transactions

US$15M+

Transaction volume

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OUR MISSION

BANKING THE UNBANKED

To give everyone equal financial opportunities through innovative technology.

WHY SPENN

WHAT SETS US APART

OUR VISION

To empower people through innovative technology whilst perfecting the balance between
impact and profit

OUR VALUES
  • Passion
  • Respect
  • Integrity
OUR PURPOSE

Create an inclusive financial ecosystem that will unite the unbanked with the banked

OUR GOALS
  • Adapt, Develop & Improve
  • Banking the Unbanked
  • Create Sustainability

STOCK DEVELOPMENT

NUMBERS AND TICKERS

STOCK CHART

NAME
BLOCKBONDS GLOBAL PLC
ISIN
ISIN GB00BFZ63Y28 / 10438321
STOCK EXCHANGE
XETRA
18.120
FRA
16.680
PREVIOUS DAY
– 0,380
– 2,05%
+ 0,740
+ 4,12%
DATE TIME
16.03.21
11:46
16.03.21
11:57
BID/ASK SPREAD
18,060/ 18,140 18,100/ 18,220
CHANGE OF PRICE IN %
1 MON.
25,12% 25,12%
3 MON.
+ 11,17% + 15,59%
1 YEAR
+ 241,89% + 259,23%
TURNOVER IN €
159,055 3,263.50
ISIN DK0060827269
Market First North GM Denmark
Symbol SPENN

FINANCIAL, LEGAL AND OTHER DOCUMENTS

Here you can find the last published financial, legal and other documents

Concern Chart
Articles of Association (English version)
SPENN Technology AS Interim H1 2021 Report
NPInvestor Annual Report 2020
NPInvestor Interim Financial Report 2020
NPInvestor Annual Report 2019
NPInvestor Interim Financial Report 2019
NPInvestor Annual Report 2018
NPInvestor Interim Financial Report 2018
NPInvestor Annual Report 2017
NPInvestor Annual Report 2016
11-08-2022
Interim Report 2022
07-04-2022
Annual General Meeting
17-03-2022
Annual Report 2021
Ownership Structure

THE LATEST NEWS AND EVENTS

KEEP YOUR FINGERS ON THE PULSE

SPENN Technology A/S: SPENN Technology A/S makes transition to ConsenSys’ Ethereum platform

SPENN Technology A/S: SPENN Technology A/S makes transition to ConsenSys’ Ethereum platform

Blockchain technology leader ConsenSys has been selected as the new service provider for SPENN Technology A/S.

Company Announcement No. 61

“We are very pleased to have secured the services of ConcenSys. Anyone familiar with blockchain and crypto infrastructure will recognize the potential such a relationship poses. In ConsenSys we have found a global partner with a highly acclaimed and scalable technology, which enables growth and facilitates market entries,” says Jens Glaso, CEO of SPENN Technology A/S.

ConsenSys is a software engineering leader of the blockchain space. ConsenSys’ full-stack Ethereum products help developers build next-generation networks and enable enterprises to launch more powerful financial infrastructure.

“We are moving to a superior software provided by a world leader in this field,” says Glaso.

ConsenSys will provide blockchain-as-a-service in the four existing SPENN markets; Zambia, Tanzania, Rwanda and Philippines – and also in any future markets.

“The adoption and deployment of Ethereum blockchain solutions by financial institutions, crypto-enterprises, and world governments is in full swing. With ConsenSys we are better positioned to onboard new users and markets. We are future-proofing SPENN,” says Glaso.

The agreement between SPENN Technology A/S and ConcenSys was signed today.

For further Information, please contact:
Jens B. Glaso, CEO SPENN Technology A/S. Phone +47 40 40 47 50, e-mail: [email protected]
Certified Adviser: Baker Tilly Corporate Finance P/S, Att.: Gert Mortensen, Partner. Phone: +45 33 45 10 00, www.bakertilly.dk

SPENN Technology A/S
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 0000
www.spenn.com

About SPENN Technology A/S

About SPENN Technology A/S
In a world where 1.7 billion people are still unbanked, SPENN Technology 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. Although SPENN Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.

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.

Following the purchase of Norwegian fintech company Blockbonds AS, SPENN Technology A/S is in what is referred to as a change of identity process. As such, we are required by Nasdaq to note that failure to conclude such process could mean that the company’s share could be de-listed.

SPENN Technology A/S is listed on the Nasdaq First North Growth Market Denmark. Ticker code: SPENN

I&M Bank Rwanda: SPENN has been a great partnership

  CEO of I&M Bank Rwanda, Robin Bairstow, talked about SPENN on CNBC Africa this week, explaining the strong growth of I&M Bank Rwanda. Three years ago, the bank had only 45,000 customers. Today, the number is eight times higher. “SPENN has been a great partnership. The product has now generated 320,000 customers,” said Bairstow. […]

 

CEO of I&M Bank Rwanda, Robin Bairstow, talked about SPENN on CNBC Africa this week, explaining the strong growth of I&M Bank Rwanda. Three years ago, the bank had only 45,000 customers. Today, the number is eight times higher.

“SPENN has been a great partnership. The product has now generated 320,000 customers,” said Bairstow.

In the first half of 2021, I&M Bank Rwanda recorded 36 million transactions digitally over SPENN. And more than 20 per cent of the bank’s balance came from the SPENN savings product.

Asked if SPENN could be ‘the cash cow moving forward’, Bairstow answered: “I certainly believe it.”

Indeed; a great partnership! Thank you so much Robin!

SPENN Technology A/S: Signing of MoU with Zambia National Marketers Credit Association for onboarding of and providing payment services to their 6 million existing members through the SPENN platform

SPENN Technology A/S: Signing of MoU with Zambia National Marketers Credit Association for onboarding of and providing payment services to their 6 million existing members through the SPENN platform

Company Announcement 60

SPENN Technology A/S subsidiary SPENN Zambia Ltd has signed a memorandum of understanding with The Zambia National Marketers Credit Association (Zanamaca) for the inclusion of Zanamaca’s six million members on the SPENN platform.

The MoU entered into between Spenn Zambia Ltd and Zanamaca states that “Zanamaca shall ensure that more than six million people including Zanamaca’s members are registered on the SPENN Platform, while SPENN shall assist Zanamaca in registering these members on the TPIN Zambia Revenue Authority Platform for the purpose of payment of Base Tax and Social Security contribution under Zambia Revenue Authority and National Pension Scheme Authority respectively.”

President of Zanamaca, Mupila Kameya, says digital financial services are important to “free and save the six million informal sector operators – particularly marketers, traders, small-scale farmers, the bus and taxi drivers who are financially entrapped and enslaved in their own country.”

Zanamaca’s functions include among others, organizing and advancing the interests and welfare of marketers and traders as they contribute to national development.

The partnership with SPENN will provide such informal market operators with a way to pay levies to local authorities, which will ensure them social security and pension.

“The introduction of a the digital and mobile SPENN platform will enhance levy collection, which today is primarily based on cash payments. We provide a product that six million Zanamaca members will want to have,” says Jens Glasø, CEO of SPENN Technology A/S.

The MoU represents a milestone deal for SPENN, which currently has 450,000 users in Zambia.

“A Zanamaca deal allows SPENN to accelerate roll-out in Zambia and multiply the number of users within a short period of time,” says Glasø.

It is the intention of the parties to enter into a full agreement during a 6-week period, and for this agreement to be immediately disclosed to the market.

SPENN Technology A/S:
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 0000
www.spenn.com

For more information, please contact:
Jens Glasø, CEO of SPENN Technology A/S, Phone +47 404 04 750, www.spenn.com 

Certified Advisor: Baker Tilly Corporate Finance P/S, Att: Gert Mortensen, Partner, Phone: +45 33 45 10 00, www.bakertilly.dk

 

About SPENN Technology A/S

About SPENN Technology A/S
In a world where 1.7 billion people are still unbanked, SPENN Technology 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. Although SPENN Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.

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.

Following the purchase of Norwegian fintech company Blockbonds AS, SPENN Technology A/S is in what is referred to as a change of identity process. As such, we are required by Nasdaq to note that failure to conclude such process could mean that the company’s share could be de-listed.

SPENN Technology A/S is listed on the Nasdaq First North Growth Market Denmark. Ticker code: SPENN

SPENN Technology A/S: Publication of 2021 Interim Report

SPENN Technology A/S: Publication of 2021 Interim Report

Company Announcement 59 / 2020

26 August 2021

CVR nr.: 26518199

Publication of SPENN Technology A/S Interim Report 2021

(all amounts in DKK)

The financial result in this announcement relates to SPENN Technology A/S which constitutes all the SPENN Technology AS Group’s (“the Group”) activities. The full 2021 H1 interim report is attached to this company announcement and available at the following link: https://investor.spenn.com/

The company’s 2021 H1 interim report has been approved by the Board of Directors today, 26 August 2021. The 2021 H1 interim report is unaudited.

Financial summary for the 2021 H1 Interim Report
Profit for the Group before tax for the first half of 2021 was t.DKK -36,862 compared to t.DKK -2,852 in the first half of 2020. Income for the first half of 2021 was t.DKK 536 compared to t.DKK 265 in the first half of 2020.

The Group’s balance sheet as of 30 June 2021 shows a balance sheet total of t.DKK 188,238 and equity of t.DKK 184,897.

The share capital as of June 30 2021 shows a total of 2,390,880,849 shares with a nominal value of DKK 0.10 per share.

Key Figures for the Group

(Amounts in t.DKK) 2021 2020
Revenue 536 265
Cost of sales -188
Employee and general and administrative Expenses -34,155 -2,949
Depreciation and amortisation -1,207 -168
Income from investment in associates -123
Finance Income/(costs) -1,576
Terminated activities -149
Result before taxes -36,862 -2,852
Tax
Result for the period -36,862 -2,852
Average number of employees 98 3
Total capital and reserves 184,897 3,777
Total assets 188,238 4,863
 
Basic EPS -1.56 -0.28
 
Cash flows used in operating activities -35,997 -2,610
Cash flows used in investing activities -2,643
Cash flows from financing activities 69,448
Net increase (decrease) in cash and cash equivalents 30,808 -2,610
 
Number of outstanding shares at the end of the reporting period 2,390,880,849 10,061,034
Average number of outstanding shares for the period 23,214,735 10,061,034

Main Activities of the Group
SPENN Technology A/S (formerly “NPInvestor.com A/S”) is a Scandinavian fintech company with activities within trading, investment and financial media. SPENN Technology A/S has acquired Blockbonds AS, a leading Norwegian fintech and blockchain company operating in Africa and Asia within digital banking and payment services.

Since its establishment in 2015, Blockbonds core focus has been to provide technology to banks based on a Software as a Service (SaaS) solution: SPENN. Through SPENN, which is built on blockchain technology, Blockbonds has developed an advanced financial platform build into a user-friendly mobile banking application, which targets financial inclusion by connecting the unbanked with the banked population, as well as businesses in the world.

Netposten A/S provides financial news, stock comments, analyses and market data targeted private investors and traders.

Share Swap Transaction with Blockbonds AS
The share swap transaction (“Transaction”) between SPENN Technology A/S and Blockbonds AS was completed on 30 June 2021. The shareholders of Blockbonds AS subscribed to a total 2,380,819,815 shares in the Company, each share with a nominal value of DKK 0.10 and equivalent of DKK 238,081,981.5 share capital, with a contribution in kind of NOK 24,048,685 shares in Blockbonds. Each share in Blockbonds, with nominal value NOK 1, equalled the right to subscribe for 99 shares in the Company. The contributed shares are equivalent to 98.44% of the total share capital of nominally NOK 24,428,745 shares in Blockbonds AS.

As a result of the transaction, the Company’s share capital increased nominally from DKK 1,006,103.4 to DKK 239,088,084.9.

The Company is in the process of seeking approval for the listing of the new shares, pending Nasdaq approval

Development in Financial activities
Operating income and Operating Results

The Company recorded a net loss of t.DKK -36,862 for the period 1 January 2021-30 June 2021.

Revenue for the period amounted to t.DKK 536. t.DKK 222 was generated through Blockbonds. Blockbonds’ rapidly growing application, SPENN, is currently fully operational in three African markets – Rwanda, Tanzania and Zambia.

t.DKK 314 was generated through the operations of Netposten A/S.

Employee expenses amounted to t.DKK -11,541 for the period as headcount in the Blockbonds group increased because of the continued growth of operations within the SPENN live markets.

General and administrative expenses amounted to t.DKK -22,615 for the period. This includes capital raising costs of t.DKK -8,912 in relation to the capital raise completed by Blockbonds in the first half of 2021. IT and external service costs amounted to t.DKK -7,013 as spending increased on the SPENN IT infrastructure. Other general and administrative costs were incurred to support the growing global operations of the SPENN Technology A/S group.

Assets
As of June 30 2021, the Company’s total assets amounted to t.DKK 188,238. The Company’s intangible assets at the period end were t.DKK 17,955. Goodwill as a result of the Transaction amounted to t.DKK 129,226.

Current assets at the period end were t.DKK 40,241. The Company had cash and cash equivalents on hand of t.DKK 38,892 as of 30 June 2021. The increase relative to 30 December 2020 is due to the successful capital raise in Blockbonds AS, completed during the first half of the year.

Equity and Liabilities
As of 30 June 2021, total shareholder’s equity amounted to t.DKK 184,897. The increase relative to 31 December 2020 is as a result of the transaction between the Company and Blockbonds completed on 30 June 2021.

Current liabilities as of June 30, 2021, amounted to t.DKK 3,341, consisting largely of trade and other payables.

Cash Flow and Investments
Cash flow from operating activities amounted to t.DKK -35,997 due to the loss incurred during the period.

Cash flow from investing activities for the period was t.DKK -2,643 largely because of increased spending on SPENN Business IT Infrastructure.

Cash flow from financing activities for the period was t.DKK 69,448 as a result of the successful capital raise by Blockbonds AS.

The total net cash flow for the period ending was t.DKK 30,808.

Outlook for 2021
Through the transaction with shareholders of Blockbonds, the Company is sufficiently capitalised to continue operations and fund continued growth into 2022. There are several key success factors that will drive growth through the second half of 2021; continuing to add new features and value-add services to SPENN, along with growth in SPENN Business services will drive user growth and increase monetisation of the SPENN platform.

Post financial period events
Since June 30, 2021, no events have occurred which would materially change the financial information presented in this report

Uncertainty in recognition and measurement
There are no significant uncertainties in recognition or measurement.

Foreign Subsidiaries
As a result of the share swap transaction completed on 30 June 2021 between SPENN Technology A/S and Blockbonds AS the following foreign subsidiaries have been incorporated within the SPENN Technology A/S Group:

Blockbonds AS, Norway

Blockbonds Global Ltd, United Kingdom

EAK SPENN Ltd, Kenya

SPENN Rwanda Ltd, Rwanda

SPENN Zambia Ltd, Zambia

SPENN Tanzania Ltd, Tanzania

Financial Calendar

Date Event
17 March 2022 2021 Annual Report
07 April 2022 2021 Annual General Meeting
11 August 2022 2022 Interim H1 Financial Report

The company’s articles of association can be found on the company’s website: https://investor.spenn.com/

SPENN Technology A/S:
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 0000
www.spenn.com

For more information, please contact:
Jens Glasø, CEO of SPENN Technology A/S, Phone +47 404 04 750, www.spenn.com

Certified Advisor: Baker Tilly Corporate Finance P/S, Att: Gert Mortensen, Partner, Phone: +45 33 45 10 00, www.bakertilly.dk

About SPENN Technology A/S

About SPENN Technology A/S
In a world where 1.7 billion people are still unbanked, SPENN Technology 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. Although SPENN Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.

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.

Following the purchase of Norwegian fintech company Blockbonds AS, SPENN Technology A/S is in what is referred to as a change of identity process. As such, we are required by Nasdaq to note that failure to conclude such process could mean that the company’s share could be de-listed.

SPENN Technology A/S is listed on the Nasdaq First North Growth Market Denmark. Ticker code: SPENN

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COLLABORATION IS KEY

CONTACTS

Investor
[email protected]
[email protected]
+47 40 40 47 50

Certified Advisor
Baker Tilly Corporate Finance P/S
Gert Mortensen, Partner
+45 33 45 10 00
www.bakertilly.dk

CEO of SPENN Technology A/S
Jens Glasø
Njalsgade 76, 2300 København S
CVR nr. 26518199

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