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  • Louise Andersson
    Safello c/o WeWork Malmskillnadsgatan 32 111 51 Stockholm, Sweden
    +46 8 400 689 02
    http://safello.com
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    Analysis firm assigns a 15.4 SEK valuation per share for Safello in new bull scenario

    Stockholm, 17 December 2024 | Analysis firm Redeye has today initiated commissioned coverage of Safello, the leading cryptocurrency exchange in the Nordics. According to the initial analysis, Safello has a justified base value of 7.6 SEK per share, with a valuation range spanning from 2.9 to 15.4 SEK. “Despite the renewed cryptocurrency bull market, we believe initial investors have failed to revisit Safello, even though its valuation and financials have stabilised. Safello’s current valuation does not reflect the lower equity risk stemming from its ‘regulation-first’ approach and the

    Safello appoints David Leeb as Chief Marketing Officer

    Stockholm, 13 December 2024 | Safello, the leading cryptocurrency exchange in the Nordics, appoints David Leeb as its new Chief Marketing Officer (CMO). He will assume his position in January and join Safello’s management team. David holds a Master of Science degree in Business and Economics and brings extensive experience in marketing and business development. He has previously held senior roles both at advertising agencies and on the client side, where he has successfully driven growth, brand building, and digital transformation. Notably, he played a key role in developing the Swish

    Safello lists six new cryptocurrencies on its platform

    Stockholm, 12 December 2024 | Safello, the leading cryptocurrency exchange in the Nordics, is expanding its offering by adding six new cryptocurrencies on its platform: Dogwifhat (WIF), Jupiter (JUP), Synthetix (SNX), ASA (FET), Yearn.finance (YFI), and WOO (WOO). The new additions reflect Safello’s commitment to providing diverse investment options, showcasing tokens spanning decentralized finance (DeFi) solutions such as yield optimizers and liquidity aggregators, real-world asset tokenization (RWA), AI-driven innovation, and even popular memecoins. “By adding these six

    Change in Safello's management team

    Stockholm, 9 December 2024 | Safello, the leading cryptocurrency exchange in the Nordics, announces a change in the company’s management team. Arjun Shah, who joined in October as Chief Marketing Officer (CMO), and Safello have agreed that he will be stepping down from his role. Arjun’s last day with the company will be 18 December, 2024. The recruitment process for a new CMO has been initiated, and further updates on this will be communicated in due course. ### For more information, please contactChristian Ploog, press@safello.com Certified AdviserAmudova AB is Safello’s

    Safello CEO Emelie Moritz to present at Redeye’s blockchain and crypto event

    Stockholm, 6 December, 2024 | Safello, the leading cryptocurrency exchange in the Nordics, announces that its CEO, Emelie Moritz, will be a featured participant at analyst firm Redeye’s blockchain and crypto event. The event is scheduled for December 11, 2024, with Emelie presenting at 12:20 pm CET. The presentation will highlight Safello’s latest developments and strategic direction within the rapidly evolving blockchain and cryptocurrency sector, offering investors valuable insights into the company’s market position and future growth potential. Following the presentation, Emelie

    Safello enters into agreement with liquidity provider B2C2 to enhance liquidity for trading services

    Stockholm, 5 December, 2024 | Safello, the leading cryptocurrency exchange in the Nordics, has entered into an agreement with B2C2, a global leader in the institutional trading of digital assets, to provide deeper liquidity across its platform. The partnership enables Safello to leverage B2C2’s advanced liquidity technology, offering improved trade execution, competitive pricing, and efficient market access, which are important preparatory steps for Safello to expand its service offerings with additional order types. By tapping into B2C2’s liquidity, Safello can maintain strong pricing

    Safello announces board member share acquisition

    Stockholm, 19 November, 2024 | Safello, the leading cryptocurrency exchange in the Nordics, announces that Åsa Leander Skålén, a recently appointed board member of Safello AB, has acquired a portion of Safello Group AB’s shares. The transaction involved a total of 100,000 shares at a share price of SEK 6.0 per share, representing about 0.49 percent of the share capital and votes in the company. Frank Schuil, Chairman of the Board, was the seller in this transaction. "Investing in Safello reflects my strong belief in the company's mission and future potential. I believe in the

    Åsa Leander Skålén elected to the board of Safello AB

    Stockholm, 15 November, 2024 | Safello, the leading cryptocurrency exchange in the Nordics, announces the election of Åsa Leander Skålén to the board of directors of Safello AB. With extensive experience in both legal and compliance roles within the financial sector, Åsa brings invaluable insights as Safello advances its regulatory roadmap, including the upcoming Markets in Crypto-Assets (MiCA) application process. Åsa Leander Skålén has worked as a lawyer since 2003, serving in both business law firms and as in-house legal counsel and compliance officer. In 2013, she founded Realjuridik

    Safello publishes interim report for the third quarter 2024 and momentum is building for Safello

    Stockholm, 15 November, 2024 | Today, Safello Group AB (“Safello”) publishes the company’s interim report for the third quarter (1 July–30 September) 2024. The report is attached hereto and can be found on  https://safello.com/investors/reports. Summary of the third quarter (Jul-Sep 2024) · Net turnover increased by 25 % and amounted to SEK 143.2 million (115.0). · Gross profit increased by 27 % and amounted to SEK 9.3 million (7.3) · Operating profit/loss before depreciation and amortization (EBITDA) amounted to SEK -0.4 million (-1.

    The Swedish Economic Crime Authority extends framework agreement with Safello

    Stockholm, 13 November, 2024 | The Swedish Economic Crime Authority extends its framework agreement with Safello, the leading cryptocurrency exchange in the Nordics. The agreement between the parties was entered into in April 2024 following Safello being selected as the sole provider of cryptocurrency services in the Swedish Police Authority's public procurement process. The procurement was carried out in 2023 as a competitive dialogue procedure in accordance with the Swedish Public Procurement Act (Lagen om offentlig upphandling, “LOU”) to serve the needs of the Swedish Police Authority,

    Safello expands liquidity network through agreement with LMAX Digital

    Stockholm, 12 November, 2024 | Safello, the leading cryptocurrency exchange in the Nordics, has entered into an agreement with LMAX Digital, a regulated institutional crypto currency exchange, to bolster Safello’s liquidity network. This agreement strengthens Safello’s access to institutional-grade liquidity, enabling more competitive pricing, enhanced trade execution, and greater operational resilience. Through this agreement, LMAX Digital will provide Safello with access to deep institutional liquidity pools across multiple crypto pairs. Headquartered in London, LMAX Digital is known

    Safello enters into an agreement with Trustly

    Stockholm 16 October 2024 | Safello, the leading cryptocurrency exchange in the Nordics, has entered into an agreement and a strategic partnership with Trustly, the global leader in account-to-account payments. Through this collaboration, Safello will integrate Trustly’s direct bank payment solution, enabling users to make instant payments in SEK and EUR, providing another seamless way to buy crypto on the platform. Trustly, founded in 2008, offers a secure and efficient direct payment system that seamlessly connects users’ bank accounts with online services. By integrating Trustly’s

    Safello appoints Arjun Shah as Chief Marketing Officer

    Stockholm 15 October 2024 | Safello, the leading cryptocurrency exchange in the Nordics, appoints Arjun Shah as its new Chief Marketing Officer (CMO). Arjun brings a wealth of experience from the fintech, crypto, and gaming industries. As Chief Marketing Officer at Zimpler, a Swedish open-banking payments company, he was instrumental in driving significant brand growth. Arjun also played a key role in shaping global marketing strategies at Electronic Arts (EA), fuelling the success of some of the world’s biggest gaming franchises. Most recently, he led Brand & Marketing at ZEBEDEE, a

    Safello CEO Emelie Moritz speaker at Mangold Insight’s investor day

    Stockholm 26 September 2024 | Emelie Moritz, CEO of the Nordic region’s leading cryptocurrency exchange Safello, will be one of the keynote speakers at Mangold Insights Investor Day on 3 October 2024. Under the theme "Crypto and Fintech," she will present Safello’s strategy and vision, as well as provide insight into the company’s growth journey and the dynamic role of the cryptocurrency market within the fintech sector. The event offers an opportunity to highlight Safello’s position in an increasingly regulated market and how the company is meeting the growing demand for transparent and

    Safello launches recurring savings feature for crypto

    Stockholm 24 September 2024 | Safello, the leading cryptocurrency exchange in the Nordics, is launching Auto-Save, a new feature enabling automated cryptocurrency investments. Auto-Save is a strategic launch aimed at strengthening Safello’s revenue base through recurring crypto purchases, while reducing customers’ transaction costs and enhancing long-term customer loyalty. The Auto-Save recurring buy feature allows users to customize their purchases by selecting the amount, frequency, and which cryptocurrencies they want to invest in, with support for both SEK and EUR. The feature also

    Safello enters into an agreement with TRUST to ensure compliance with the Travel Rule

    Stockholm 17 September 2024 | Safello, the leading cryptocurrency exchange in the Nordics, has entered into an agreement with TRUST, a secure infrastructure to meet the requirements as the so-called "Travel Rule" expands to include cryptocurrency transactions. This step is a crucial part of Safello's efforts to ensure regulatory compliance and protect customer data and privacy. The Travel Rule stems from the Financial Action Task Force's (FATF) international standards and requires financial institutions to share certain information about the parties in a transaction when money is

    Safello publishes Interim Report for the Second Quarter 2024, a quarter with Increased Turnover and Framework Agreement with the Swedish Economic Crime Authority

    Stockholm, 23 August 2024 | Today, Safello Group AB (“Safello”) publishes the company’s interim report for the second quarter (1 April–30 June) 2024. The report is attached hereto and can be found on  https://safello.com/investors/reports. Summary of the second quarter (Apr-Jun 2024) · Net turnover increased by 39 % and amounted to SEK 189.5 million (136.2). · Gross profit increased by 12 % and amounted to SEK 8.6 million (7.7), including a profit from the sale of long-term crypto assets of SEK 0.8 million (0.0). Why gross profit

    Safello appoints Łukasz Chachurski as CTO

    Stockholm 7 June 2024 | Safello, the leading cryptocurrency exchange in the Nordics, has appointed Łukasz Chachurski to the role of Chief Technology Officer (CTO). The recruitment significantly strengthens the company's technical expertise, and Łukasz will be part of the company's management team. Łukasz Chachurski has extensive experience in the crypto and tech industries and comes most recently from the gig platform company Appjobs, where he served as CTO for over six years. Łukasz holds a bachelor's degree in computer science and has a background as a software developer, specializing

    Safello publishes Interim Report for the First Quarter 2024 and delivers a historically strong quarter

    Stockholm, 17 May 2024 | Today, Safello Group AB (“Safello”) publishes the company’s interim report for the first quarter (1 January–31 March) 2024. The report is attached hereto and can be found on safello.com/ir . Summary of the first quarter (Jan-Mar 2024) · Net turnover increased by 40 % and amounted to SEK 193.1 million (138.1). · Gross profit increased by 24 % and amounted to SEK 14.1 million (11.4), including a profit from the sale of long-term crypto assets of SEK 0.7 million (0.0). Why gross profit increased less than the net

    Safello launches card payouts following approval from Visa and Mastercard

    Stockholm, 15 April, 2024 | Safello, the leading cryptocurrency exchange in the Nordics, is launching the opportunity for customers to make payouts to Visa and Mastercard cards upon selling cryptocurrency. This feature provides more options for the platform's customers and improves the overall payout process for sell orders. With this, Safello becomes the first cryptocurrency platform in the Nordics to manage this type of payout flow. In January, Safello launched Swish as a payout method, significantly improving the payout process for sell orders. Safello is now adding yet another payout

    Report from Annual General Meeting 2024 of Safello Group AB

    Stockholm, 8 May 2024 | Today, the Annual General Meeting of Safello Group AB was held at WeWork, Regeringsgatan 29, 111 53 Stockholm. The following main resolutions were resolved upon at the AGM. Adoption of income statement and balance sheet as well as group income statement and group balance sheetThe AGM resolved to adopt the presented income statement and balance sheet as well as the group income statement and group balance sheet for the financial year 2023. Allocation of the company’s profit or loss according to the adopted balance sheetThe AGM resolved to allocate the year’s

    Safello lists Litecoin and Bitcoin Cash

    Stockholm, 8 May 2024 | Safello, the leading cryptocurrency exchange in the Nordics, is adding two more cryptocurrencies to its portfolio: Litecoin (LTC) and Bitcoin Cash (BCH). In selecting these currencies, Safello has followed strict guidelines within the framework of the company's product governance, considering factors such as liquidity, traceability on the blockchain, and for how long the product has been available in the market. The cryptocurrencies are available for trading from today via safello.com and in Safello’s mobile application for iOS and Android. Safello now

    Safello lists Aave, Fantom, and Compound

    Stockholm, 2 May 2024 | Safello, the leading cryptocurrency exchange in the Nordics, is adding three more cryptocurrencies to its portfolio: Aave (AAVE), Fantom (FTM), and Compound (COMP). With this, Safello becomes the first Swedish cryptocurrency exchange to offer these cryptocurrencies to its customers. In selecting these currencies, Safello has followed strict guidelines within the framework of the company's product governance, considering factors such as liquidity, traceability on the blockchain, and for how long the product has been available in the market. The cryptocurrencies

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