Sep 17, 2021

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

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