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Founded in 2001 (and previously named Seamless Distribution), Invuo Technologies is a mobile payments technology company, which provides innovative B2B mobile payment services and electronic top-up systems for the financial industry, mobile operators and retailers. Our goal is to maximise value for shareholders while making positive contributions to the technology sphere.

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The partnership with Xpress Money is evidence of the versatility of SEQR as a payment platform and financial ecosystem. We are very excited to be entering the international money transfer market with such an important global player
Peter Fredell, CEO of Seamless
As a brand, we seek partnerships and integrations that add value to the dynamic and evolving business that we operate in. Our objective is to provide our customers with money transfer solutions that are not only convenient but also affordable. SEQR helps us meet that goal through their versatile digital platform and extensive market presence in Europe. In addition to our existing array of services, we are now taking a step ahead with this innovative mobile payment application SEQR, developed by Seamless
Sudhesh Giriyan, COO, Xpress Money
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Invuo announces the sale of SEQR

Following previous announcements on the future plans for SEQR, Invuo Technologies AB (“Invuo”, formerly named Seamless Distribution AB) is pleased to announce that Invuo has reached an agreement with the Swedish company Glase FinTech AB (“Glase”) regarding the sale of the business area SEQR. The sale of SEQR confirms the new strategic focus decided by the EGM in November 2017, moving Invuo to a pure B2B focus.The agreement, by which Glase acquires all shares in SEQR Group AB (and all its subsidiaries), provides for a purchase price of 8 mSek paid in cash. Closing of the transaction is

Seamless changes its trade name

Seamless Distribution AB has today changed its trade name to Invuo Technologies AB (the “Company” or “Invuo”) by registration of new articles of association.The Company has today changed its trade name and registered new articles of association in accordance with a resolution from the extraordinary general meeting held on 24 November 2017. Invuo’s ticker for its shares admitted to trading at Nasdaq Stockholm will be changed to “INVUO” before the week ends. The information was distributed for disclosure at 14:00 CET on 20 December 2017.  For additional information contact:John

Seamless delivers contactless payment solution to Oney España

MeaWallet A/S (“MeaWallet”), part of Seamless Distribution AB, has signed an agreement with the Spanish specialized credit institution, Oney España (“Oney”) for delivery of MeaWallet’s proprietary technology for contactless card payments.The technology will be delivered as a managed service, integrating MeaWallet´s tokenisation platform with Oney´s banking application. The solution will enable Oney’s clients to perform contactless card payments through the bank´s existing banking application. The first phase will be a pilot for a limited number of users and then a second phase with

Seamless´ top three shareholders confirms full subscription in rights issue

Seamless Distribution AB has previously announced the support by the Company’s largest shareholders for the ongoing rights issue. The Company is delighted to further announce that its three largest shareholders, representing almost 30 % of the company’s share capital, now all have confirmed subscription for the maximum allowable number of rights relative to their current shareholding.   For further information, please contact:Martin Schedin, CFO, martin.schedin@seamless.se, +46 8 564 878 00    This information is such that Seamless Distribution AB (publ) is obliged to make

Fibank implements the second technology wave with Mea Token Platform

MeaWallet A/S (“MeaWallet”), part of Seamless Distribution AB (“Seamless”), has signed an agreement with First Investment Bank AD in Bulgaria for delivery of the Mea Token Platform. In the spring of 2016, First Investment Bank AD was the first Bulgarian bank to launch a mobile HCE payment solution using the MeaWallet Cloud-Based Payments Platform. The bank has now decided to replace this solution with the newer and more versatile Mea Token Platform, bringing its existing banking customers even more value. The order value of the contract is 300,000 Euro over a five-year period. Mea

INTERIM REPORT, THIRD QUARTER OF 2017

July – September 2017The numbers refer to the remaining operations · Net sales for the period SEK 31.5 million (37.8) · Operating result for the period after nonrecurring items attributable to restructuring SEK -12 932 million · Operating loss for the period SEK -33.5 million (-10.8) · Loss after tax for the period SEK -63 million (-11) · Earnings per share SEK -1.07 (-0.20) · Cash flow before changes in working capital for the period SEK -40.7 million (-22.4) +-----------------------------------+-----+-----+--------+--------+---------+|Overview

Patent cases dismissed

In October 2013, Accumulate AB filed a lawsuit against Seamless Distribution AB (publ) for alleged patent infringement. In August 2014, Seamless filed a lawsuit against Accumulate where Seamless claimed that Accumulate’s patent should be declared invalid. On September 15, 2017, the Swedish Patent and Market Court announced its judgements in both cases. The judgements were appealed by Accumulate to the Swedish Patent and Market Court of Appeal, and the court has now decided to dismiss both cases. The reason behind the dismissal of the cases is that the parties have reached a settlement

MeaWallet signs new agreement with Norwegian bank

MeaWallet A/S (“MeaWallet”), part of Seamless Distribution AB (“Seamless”), has signed an agreement with a Norwegian bank for delivery of the Mea Token Platform. Deploying the Mea Token Platform, which is integrated to Mastercard Digital Enablement Service (MDES), will enable the bank’s customers to make smartphone payments in store, in app or on line, via any of the OEM Pays (i.e. Apple Pay, Samsung Pay, Fitbit Pay etc.). With a single point of integration to the Mea Token Platform, the bank will open up all of the OEM Pays to its customers. This is the first time MeaWallet deploys a

NOTICE OF EXTRAORDINARY GENERAL MEETING IN SEAMLESS DISTRIBUTION AB (publ)

The shareholders of Seamless Distribution AB (publ) (”Seamless” or the ”Company”) are hereby summoned to the extraordinary general meeting (the “Meeting”) to be held on Friday 24 November 2017 at 10.00 CET at the Company’s premises, address S.t Eriksgatan 121, 113 43 Stockholm, Sweden. Right to participate at the MeetingTo be entitled to participate at the Meeting, shareholders shall - be recorded in the register of shareholders maintained by Euroclear Sweden AB (the Central Securities Deposit) on Friday 17 November 2017, and - notify the Company of their intention to attend the

Seamless prepares for new CEO and new chairman

Seamless Distribution AB (“Seamless”) today announces that preparations are made to appoint John Longhurst, currently Chairman of the Board, as new CEO of Seamless. The appointment is intended to become effective at the time of the extra general meeting (“EGM”) on November 24, for which a notice has been announced today. The notice for the EGM includes a proposal to appoint Tomas Jalling as new member of the Board. Tomas Jalling, the current CEO, is proposed to become new Chairman of the Board as John Longhurst enters in his new role as Seamless’ CEO. As separately announced today,

Seamless announces shareholders’ support for share issue

The Board of Seamless Distribution wishes to express its gratitude to the Company’s four largest shareholders, including the Chairman John Longhurst (together representing over 30 % of the Company’s share capital), who confirm their support (and intention to provide written undertakings) for the proposed rights issue, and their support for the strategic initiatives announced by the Board of Seamless, in our press release last week, and in the coming days in a call for an EGM.    I wish to take this opportunity to apologise to our shareholders. An investment in Seamless Distribution over

Seamless considers re-alignment for sustainable growth

The Board of Seamless Distribution today announces that it considers to present proposals in two areas that are intended to accelerate profitable growth, and focus on activities with the highest probability of success. The proposals that are up for considerations are the following: 1. Phasing out of the B2C offering SEQR, and a renewed focus on B2B offerings, where traction is both strong and accelerating. Phasing out the B2C offering SEQR would preferably be made in the form of a sale or winding-down. 2. To fund the growth of B2B, and exit costs of B2C, the Board considers to

Martin N Larsson leaves Seamless

Martin N Larsson, Head of Treasury and Investor Relations, has decided to leave Seamless. - Martin has made important contributions to Seamless despite his short time with the company. I am very grateful for Martin's efforts and wish him good luck in the future, "says Tomas Jalling, CEO of Seamless. Martin Schedin, CFO, will assume the responsibilities investor relations. For further information, please contact:Martin Schedin, CFO, martin.schedin@seamless.se, +46 8 564 878 00 This information is information that Seamless Distribution AB (publ) is obliged to make public

Seamless confirms annual savings in excess of 25 MSEK

Following the Q2 report announcement related to up-coming activities to reduce cash burn, Seamless is pleased to confirm that identified and executed actions will result in annual savings in excess of Sek25m instead of previously announced Sek15m. The savings, which will have full effect from Q1 2018, will be associated with operating expenses of around Sek11.5m which will be charged in Q3 2017 (Sek7m), Q4 2017 (Sek4m) and Q1 2018 (Sek0.5m). Management will continue to address the Company's structure in a way that will enable successful delivery of our growth strategy, and also reduce

Changes to ownership in Seamless

Seamless Distribution's shareholder Tikvah Management has, after being approved by the Financial Supervisory Authority in Sweden, exercised the option contract entered into with Fredell & Co in June 2017. Following the transaction, Tikvah strengthens its ownership in Seamless, which amounts to 8,604,635 shares or 14.6 % of the votes. At the same time, Fredell & Co reduces its ownership to its original 3.9% of the votes. For further information, please contact: Martin N. Larsson, Head of Treasury/IR, martin.larsson@seamless.se, +46 8 564 878 00 This information is information

Correction of press release 2017-07-21 (“Seamless has listed SDS and receives 180 MSEK”)

The correction refers to the amount paid to Seamless due to the completion of the offer. Correct information follows below.Seamless has listed SDS and receives 191 MSEK  Seamless Distribution AB (“Seamless”) is delighted to announce the successful closing of the listing of Seamless Distribution Systems AB (“SDS”) on Nasdaq First North Premier. More than 1,300 investors committed 191 MSEK in new funds. Seamless congratulates SDS on the conclusion to this process. SDS, as an independent entity, is expected to deliver accelerated growth in its core markets. The successful conclusion of

Seamless Distribution AB (publ) Annual Report 2016

A FEW WORDS FROM THE CHAIRMAN2016 continued to build on the strong current trend underway for Seamless. All of our business divisions reported improved net revenues which resulted in total group revenues growing by 27% compared with 2015. Our business area Seamless Distribution Systems (SDS) increased sales by 6% to 96 MSEK and net earnings increased by 22% to 33.1 MSEK, compared with 2015. The favorable development of the company continues with new additions to our product portfolio combined with a strong order pipeline in our traditional product mix. Several important developments

MeaWallet partners with Crossgate to provide HCE/Cloud based mobile payments technology for their customers in Africa

Crossgate’s Crosscore platform is an API-based integration hub that allow simplified and more cost-effective deployment of multiple services that would generally be complex for issuers to implement themselves. It provides in the main Mobile Payment in various forms, Data Analytics and Predictive modelling to make sense of payment data in real-time, and Value Added Services on a m-commerce platform.The overall approach of Crosscore is to be issuer centric, technology agnostic as possible, and to partner with global technology leaders to deliver its solution – fully understanding that in the

Contactless VISA mobile payments powered by MeaWallet

MeaWallet technology has enabled customers of the Serbian bank Komercijalna banka, also called Kombank, to perform contactless transactions at POS terminals. The bank launched this new feature on the 2nd February, 2017 to their mobile banking application, KOMePay.Kombank is the largest state owned bank in Serbia. They have a strong and active strategy with a key focus on digital banking. In an interview published in November 2016 on b92.net, “Digital banking era has arrived”, the CEO of Kombank, Alexander Picker stated the following: Digital banking is the next stage in the development

INTERIM REPORT, FOURTH QUARTER OF 2016

Fourth quarter (October – December 2016) · The operating result for the period improved to SEK -21.0 million (-32.8), an improvement of 36% · Loss after tax for the period improved with SEK 10.6 million, to SEK -23.0 million (-33.6), an improvement of 32% · Earnings per share SEK -0.39 (-0.80), an improvement of 51% · Cash flow before changes in working capital improved with SEK 19.3 million to -9.1 (-28.4), an improvement of 68%  · Net sales for the period SEK 68,5 million (78.9), a decrease of 13% compared to same period last year January – December 2016 ·

INTERIM REPORT, THIRD QUARTER OF 2016

Third quarter (July – September 2016) · Net sales was unchanged compared to the same period last year and amounted to SEK 73.9 million (74.0) · Operating loss for the period SEK -21.1 million (-27.8), an improvement of 24 percent · Loss after tax for the period SEK -21.0 million (-29.4) · Earnings per share SEK -0.38 (-0.70) · Cash flow before changes in working capital improved with SEK 3.4 million to -22.4 (-25.8), an improvement of 13 percent January – September 2016 · Net sales improved with 2% compared to the same period last year and amounted to SEK 206.1

SEQR launches global instant peer-to-peer money transfer – SEQR users in 14 countries can wire each other money real time globally

SEQR, a subsidiary of Nasdaq Stockholm-listed Seamless, is launching a peer-to-peer money transfer solution that enables users to instantly transfer money to each other regardless of where they are in the world. The service is now being rolled out for SEQR users in 14 countries.The solution is automatically available for those who download SEQR. “We will be the first operator in Europe to introduce this peer-to-peer service internationally. In a single stroke, our European users across 14 countries can send each other money instantly regardless of where they are in the world. We believe

US patent imminent for Seamless’ SEQR payment solution

Stockholm Nasdaq-listed Seamless has obtained a Notice of Allowance (patent application no. 14/347,742) from the United States Patent and Trademark Office (USPTO) for its SEQR mobile payment solution. This implies that USPTO intends to announce the approval of the patent within three months following the payment of all fees.The company’s patent representative has confirmed that all patent fees have been paid and the patent is thus expected to be approved shortly, thereby providing important protection for SEQR in the US. The patent application relates to the central technology used in SEQR

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