Oct 5, 2021

SPENN services to be distributed via Yellow Card in Zambia

SPENN Zambia Limited, a wholly owned subsidiary of SPENN Technology A/S, has entered into an agreement with Yellow Card Services Zambia Limited for SPENN services to be made available for all Yellow Card users in Zambia.

Company Announcement No. 63

Yellow Card is a US-based cryptocurrency trading company with operations in several African markets including Zambia, which is a SPENN stronghold.

“Increased penetration in the Zambian market is a strategic goal for SPENN Technology. By allowing SPENN to offer services to Yellow Card users, we greatly improve the distribution of SPENN in Zambia. The partnership also allows SPENN users to buy and sell cryptocurrencies via the Yellow Card platform,” says Jens Glaso, CEO of SPENN Technology A/S.

Yellow Card brands itself as the easiest way to buy and sell Bitcoin, Ethereum and Tether instantly at the best rates with zero fees. Yellow Card users can buy and sell crypto online with bank transfer, mobile money, and cash. With SPENN services integrated, Yellow Card users will be able to top-up accounts with mobile money from using SPENN.

“In our quest to provide financial freedom for all, we are excited to partner with SPENN as a cash on & off ramp to Yellow Card. Just SPENN it to Yellow Card, it’s that simple,” says Pumulo Karen Sifuniso, SADC Region Operations Manager.

According to a recent Chainalysis report, Africa has seen a 1200 per cent increase in crypto adoption in the last year, making the continent the fastest growing region for crypto in the world.

“We’ve been using blockchain for transaction settlements since 2015 so we understand the potential of the technology. For us, it is a natural progression to partner with Yellow Card to allow our userbase a way to interact with the crypto markets,” says Jens Glaso.

By holding crypto this allows SPENN users to send remittances via the Yellow Card platform, and it protects the value of their wealth against currency devaluation in many African countries.

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

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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