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Västra Hamnen: Crunchfish - Partnership with potential

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Västra Hamnen Corporate Finance has released a research update on Crunchfish AB following its report for Q2 2020. The reported financials were exactly as expected. The agreement with V-Key could however be a catalyst for signing deals in India, writes Västra Hamnen.
 

  • We see promise in the new partnership with V-Key
  • Customer talks in India continue despite COVID-19
  • We keep our valuation interval at SEK 25.30 – 40.10 per share

Crunchfish reported financial results for Q2 last week and the figures came out bang in line with our expectations. We were at any rate more interested in any news regarding the progress in mobile payments, especially in India. In short, the process is moving forward despite India suffering first a complete lockdown and later an alarming acceleration of the COVID-19 virus. We regard the news that Crunchfish is partnering with V-Key as a potential catalyst for bringing on board payment service providers with the offline payment solution.

The full report is available here.

The research report is prepared as part of Market Focus, Västra Hamnen Corporate Finance's commissioned research offering.

This is a press release from Västra Hamnen Corporate Finance AB. 
Web: vhcorp.se
Twitter: @vhcorp_se

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