Nov 18, 2021

Veteran African Banker Nominated to Board of Directors

Petrus Johannes (Peet) van der Walt has been nominated to the Board of Directors of SPENN Technology A/S.

Company Announcement No. 73

Peet van der Walt is an experienced banking executive and community developer with an extensive career at top-level positions at various banks in South Africa and Zambia.

“Peet could bring valuable knowledge of the financial sector on the African continent and a deep understanding of the importance of financial inclusion for low-income communities. Electing Peet van der Walt as a Board Member of SPENN Technology would emphasize the company’s focus on and commitment to Africa,” says Karl-Anders Grønland, Chairman of the Board of Directors of SPENN Technology.

From 2018, van der Walt served as Executive Consultant and later CEO of Cavmont Bank Ltd in Zambia. On 31 January 2021, Cavmont Bank was sold to Access Bank Zambia Ltd. Access Bank is of course SPENN’s partner bank in Zambia.

“Peet re-invented Cavmont – from being a business-oriented bank, to becoming a consumer-oriented bank which also included low-income communities. He has great knowledge of savings clubs, and the priorities and needs of SPENN users. We are thrilled to have Peet join SPENN,” says Grønland.

It is the BoD of SPENN Technology that will propose that Peet van der Walt is elected as Board Member at an extraordinary Annual Meeting in December. If van der Walt is elected, he will replace Board Member Rune Glasø.

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

For more information, please contact:
Jens Glasø, CEO of SPENN Technology A/S, Phone +47 404 04 750, 
Certified Advisor: Baker Tilly Corporate Finance P/S, Att: Gert Mortensen, Partner, Phone: +45 33 45 10 00,

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.

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


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