OSLO, NORWAY – 14 DECEMBER 2023 – Reference is made to the stock exchange announcement published by Zwipe AS ("Zwipe" or the "Company") today, 14 December 2023, regarding the final allocation of a rights issue of units, each consisting of one new share in the Company, each with a nominal value of NOK 0.10 and one warrant of series T01, with preferential rights for existing shareholders per unit (the "Units"), with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue").
Jörgen Lantto, the chair of the board of Zwipe, has today been allocated and thereby validly subscribed for the 1,572,541 Units he over-subscribed in the Rights Issue. Along with the 1,348,145 Units previously subscribed to and reported on 1 December 2023, this brings Mr. Lantto’s total subscription to 2,920,686 Units.
Please see the attached notification for further information.
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This information is subject to the disclosure requirements in the Market Abuse Regulation (EU 596/2014) and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II). Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 20:10 on 14 December 2023.
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For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
####
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is kept available at, inter alia, Zwipe AS' website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ZWIPE AS. SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
OSLO, NORWAY – 14 DECEMBER 2023 – Reference is made to the stock exchange announcement published by Zwipe AS ("Zwipe" or the "Company") on 14 December 2023, regarding the final allocation of the rights issue of units, each consisting of one new share in the Company, each with a nominal value of NOK 0.10 and one warrant of series T01, with preferential rights for existing shareholders per unit (the "Units"), with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue"). In said announcement, it was stated that the Company received subscriptions for a total of 24,194,533 Units, corresponding to approx. 41.4% of the Units offered, during the subscription period for the Rights Issue.
Approximately NOK 24.5 million of the Rights Issue was guaranteed through subscription commitments and so-called bottom guarantee commitments. Furthermore, the Company had received a so-called top guarantee commitment of an amount corresponding to approximately NOK 10.5 million. In the event that the top guarantor had to fulfill its top guarantee commitment, the subscription amount was be paid to the Company by the top guarantor subscribing for a convertible loan in the Company (the "Convertible Loan"). The total subscription price for the Convertible Loan would be equivalent to the total subscription price of the Rights Issue, minus the subscription price of the Units subscribed by the existing shareholders of the Company and the Units subscribed by the bottom guarantors. However, the subscription price would not be less than NOK 5.0 million.
Based on the subscription rate of the Rights Issue, the size of the Convertible Loan will be NOK 10,514,472. The Convertible Loan is due on 20 December 2024 (the "Maturity Date") and an interest of 10% p.a. + 3-month STIBOR. The Convertible Loan shall either be repaid or converted to shares by the top guarantor within the Maturity Date. The subscription price per share upon conversion of the Convertible Loan shall be 130% of the subscription price in the Rights Issue, i.e., NOK 0.78 per share.
For more information, please refer to the EGM minutes published by the Company on 22 November 2023.
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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 20:05 on 14 December 2023.
####
For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
####
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is kept available at, inter alia, Zwipe AS' website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ZWIPE AS. SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
OSLO, NORWAY – 14 DECEMBER 2023 – Reference is made to the stock exchange announcements published by Zwipe AS (the "Company") on 13 December 2023, regarding the end of the subscription period and the preliminary results of a rights issue of units, each consisting of one new share in the Company, each with a nominal value of NOK 0.10 (the "Offer Shares") and one warrant of series T01 (the "Warrants"), with preferential rights for existing shareholders per unit (the "Units"), with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue").
The Company received subscriptions for a total of 24,194,533 Units, corresponding to approx. 41.4% of the Units, during the subscription period for the Rights Issue.
The allocation of the Offer Shares and Warrants in the Rights Issue has now been completed on the basis of the allocation criteria resolved by the extraordinary general meeting of the Company in connection with the approval of the Rights Issue, and as set out in the prospectus prepared for the Rights Issue dated 24 November 2023 (the "Prospectus").
The board of directors of the Company has allocated a total of 40,889,612 Offer Shares and 40,889,612 Warrants in the Rights Issue, of which 24,194,533 Offer Shares and 24,194,533 Warrants were allocated based on subscriptions received in the subscription period and the remaining 16,695,079 Offer Shares and 16,695,079 Warrants were allocated to the so-called bottom guarantors for the Rights Issue.
Furthermore, the Company had received a so-called top guarantee commitment of an amount corresponding to approximately NOK 10.5 million, which was to be paid to the Company by the top guarantor subscribing for a convertible loan in the Company (the "Convertible Loan"). The total subscription price for the Convertible Loan would be equivalent to the total subscription price of the Rights Issue, minus the subscription price of the Units subscribed by the existing shareholders of the Company and the Units subscribed by the bottom guarantors. However, the subscription price would not be less than NOK 5.0 million.
Based on the subscription rate of the Rights Issue, the size of the Convertible Loan was determined to be NOK 10,514,472. Please see the stock exchange announcement pertaining to the Convertible Loan for more information.
Notifications of allocated Offer Shares and Warrants and the corresponding subscription amount to be paid by each subscriber not yet having paid for their subscriptions are expected to be distributed tomorrow, on 15 December 2023. Payment for the allocated Offer Shares falls due on 20 December 2023 in accordance with the payment procedures described in the Prospectus.
The Offer Shares and Warrants may not be transferred or traded before all Offer Shares have been fully paid for and the share capital increase pertaining to the Rights Issue has been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). Subject to timely payment of the entire subscription amount in the Rights Issue, the Company expects that the share capital increase pertaining to the Rights Issue will be registered with the Norwegian Register of Business Enterprises on or about 22 December 2023. Under the same conditions, allocated Offer Shares and Warrants are expected to be delivered on or about 27 December 2023 through the facilities of VPS and on or about [29] December 2023 through the facilities of Euroclear. Trading in the Offer Shares and Warrants on Euronext Growth Oslo is expected to commence on or about 28 December 2023 and on Nasdaq First North Growth Market on or about 29 December 2023.
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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 19:00 on 14 December 2023.
####
For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
####
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is kept available at, inter alia, Zwipe AS' website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ZWIPE AS. SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
OSLO, NORWAY – 13 DECEMBER 2023 – Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 28 November 2023, regarding the commencement of the subscription period in a new issue of units, each consisting of one new share in the Company, each with a nominal value of NOK 0.10 and one warrant of series T01, with preferential rights for existing shareholders per unit (the "Units"), with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue").
The subscription period for the part of the Rights Issue taking place on Nasdaq First North Growth Market expired yesterday, on 12 December 2023 at 16:30 hours (CET) and the subscription period for the part of the Rights Issue taking place on Euronext Growth Oslo expired today, on 13 December 2023 at 16:30 hours (CET).
Preliminary results indicates that the Company has received subscriptions for 23,932,948 Units. 58,413,732 Units were offered in the Rights Issue. The preliminary counting consequently indicates a subscription rate of approx. 40.97%.
The final allocation of the new shares will take place tomorrow, on 14 December 2023, in accordance with the allocation criteria set out in the Company's prospectus dated 24 November 2023. The final results of the Rights issue will be published shortly thereafter. Notification regarding allocation of new shares and the corresponding subscription amount to be paid by each subscriber, are expected to be distributed on or about 15 December 2023.
For more information, please refer to the prospectus dated 24 November 2023, prepared by the Company in connection with the Rights Issue, which is available at the Company's website, www.zwipe.com and the Swedish Financial Supervisory Authority's website, www.fi.se.
####
This information is subject to the disclosure requirements in the Market Abuse Regulation (EU 596/2014) and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se. The information was submitted for publication, through the agency of the contact person set out below, at 17:20 on 13 December 2023.
####
For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
####
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is kept available at, inter alia, Zwipe AS' website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ZWIPE AS. SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
OSLO, NORWAY – 13 DECEMBER 2023 – Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 30 November 2023, regarding the commencement of the subscription period in a new issue of units (the "Units"), consisting of shares and warrants, with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue"). Reference is further made to the stock exchange announcement published by the Company on 12 December 2023, regarding the last day of the subscription period on Nasdaq First North Growth Market.
The subscription period for the part of the Rights Issue taking place on Euronext Growth Oslo will expire today, on 13 December 2023, at 16:30 hours (CET).
The subscription rights that are not used to subscribe for Units in the Rights Issue on Euronext Growth Oslo before 16:30 hours (CET) today will have no value and lapse without compensation to the holder.
For more information, please refer to the prospectus dated 24 November 2023, prepared by the Company in connection with the Rights Issue, which is available at the Company's website, www.zwipe.com and the Swedish Financial Supervisory Authority's website, www.fi.se.
####
This information is published in accordance with the requirements of the Continuing Obligations set out in Euronext Growth Rule Book Part II for Euronext Growth Oslo.
####
For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
####
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is kept available at, inter alia, Zwipe AS' website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ZWIPE AS. SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
OSLO, NORWAY – 12 DECEMBER 2023 – Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 30 November 2023, regarding the commencement of the subscription period in a new issue of units (the "Units"), consisting of shares and warrants, with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue").
The subscription period for the part of the Rights Issue taking place on Nasdaq First North Growth Market Sweden will expire today, on 12 December 2023, at 16:30 hours (CET).
The subscription rights that are not used to subscribe for Units in the Rights Issue on Nasdaq First North Growth Market Sweden before 16:30 hours (CET) today will have no value and lapse without compensation to the holder.
For more information, please refer to the prospectus dated 24 November 2023, prepared by the Company in connection with the Rights Issue, which is available at the Company's website, www.zwipe.com and the Swedish Financial Supervisory Authority's website, www.fi.se.
####
This information is published in accordance with the requirements of the Continuing Obligations set out in Euronext Growth Rule Book Part II for Euronext Growth Oslo.
####
For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
####
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus regarding the Rights Issue described in this press release has been registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is kept available at, inter alia, Zwipe AS' website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth Market's rules for issuers.
AUSTIN, TEXAS and OSLO, NORWAY – 12 December 2023 – Zwipe, the global leader in biometric payment and access cards, has partnered with HID, the worldwide leader in trusted identity solutions, to release a recycled PVC prelaminate for its biometric smart card Zwipe Pay.
Recycled card materials are vital for achieving sustainability goals. Every year, about 3 billion payment cards, predominantly made of PVC, are issued globally. Replacing new PVC with recycled ones reduces waste and limits the influx of new plastic. More than 500 million “eco-friendly” cards, from recycled materials, PLA or PET-G, will be distributed in 2023, and this number is set to exceed 1 billion cards by 2025.
HID offers a prelaminate exclusively made from 100% recycled PVC designed specifically for producing biometric smart cards. When paired with the Zwipe Pay IC Module and fingerprint sensor, smart card manufacturers have the essential components to produce eco-friendly biometric smart cards that meet Mastercard Card Quality Management (CQM) requirements, including the use of sustainable materials in any new card issued as of 2028.
The recycled PVC prelaminates for Zwipe Pay are globally available for order now.
“With a strong focus on sustainability, HID is driven by the belief that technology can be harnessed to not only enhance security and convenience, but also minimize our environmental footprint. Our partnership with Zwipe represents a bold step towards a future where secure, convenient, and eco-friendly solutions meet at the intersection of cutting-edge technology and environmental responsibility,” said Martin Brezina, Vice President of Lux-Ident Business Unit at HID.
Patrice Meilland, Chief Strategy and Product Officer at Zwipe, added, "We are delighted to be first to market a recycled PVC biometric smart card platform. We are very happy that HID was able to support our request for a recycled PVC option timely and with impressive quality."
About HID
HID powers the trusted identities of the world’s people, places and things. We make it possible for people to transact safely, work productively and travel freely. Our trusted identity solutions give people convenient access to physical and digital places and connect things that can be identified, verified and tracked digitally. Millions of people around the world use HID products and services to navigate their everyday lives, and billions of things are connected through HID technology. We work with governments, educational institutions, hospitals, financial institutions, industrial businesses and some of the most innovative companies on the planet. Headquartered in Austin, Texas, HID has over 4,500 employees worldwide and operates international offices that support more than 100 countries. HID is an ASSA ABLOY Group brand.
For more information, visit http://www.hidglobal.com.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work passionately across networks of international organizations, industries, and cultures to make convenience safe and secure. We pioneer next-generation biometric card technology for payment, physical and logical access control, as well as identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit https://www.zwipe.com/.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ZWIPE AS. SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
OSLO, NORWAY – 7 DECEMBER 2023 – Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 30 November 2023, regarding the commencement of the subscription period in a new issue of units (the "Units"), consisting of shares and warrants, with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue"). The shareholders of the Company on 22 November 2023 (and being registered as such in the Norwegian Central Securities Depository, Euronext Securities Oslo, as at the expiry of 24 November 2023 (the "record date") was granted one (1) subscription right (the "Subscription Rights") for each share registered as held by the shareholder as of the record date. One (1) Subscription Right is required to subscribe for one (1) Unit.
The period for trading in the Subscription Rights in the Rights Issue (ticker code ZWIPT) expires at 16:30 hours (CET) today, 7 December 2023.
The Subscription Rights that are not sold before 16:30 hours (CET) today, 7 December 2023, or used to subscribe for Units in the Rights Issue before expiry of the subscription period will have no value and lapse without compensation to the holder. The subscription period for the Rights Issue ends on 13 December at 16:30 (CET) for the part of the Rights Issue taking place on Euronext Growth Oslo and on 12 December 2023 at 16:30 (CET) for the part of the Rights Issue taking place on Nasdaq First North Growth Market Sweden.
For more information, please refer to the prospectus dated 24 November 2023, prepared by the Company in connection with the Rights Issue, which is available at the Company's website, www.zwipe.com and the Swedish Financial Supervisory Authority's website, www.fi.se.
####
This information is published in accordance with the requirements of the Continuing Obligations set out in Euronext Growth Rule Book Part II for Euronext Growth Oslo.
####
For further information contact:
Danielle Glenn, CFO and Head of IR, Zwipe
E-mail: ir@zwipe.com
####
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
####
IMPORTANT NOTICE
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Zwipe in any jurisdiction, either from Zwipe or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 ("the Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus will be prepared by the Company and published on the Company's website after the prospectus has been reviewed and approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen).
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act"), and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish and Norwegian law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Offers to the public will be permitted in Sweden and Norway from and including the date of approval of the prospectus by the competent authority in Sweden and the competent authority in Norway has been notified in accordance with the Prospectus Regulation, through to and including the end of the subscription period in the Rights Issue.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes," "expects," "anticipates," "intends," "estimates," "will," "may," "implies," "should," "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Euronext Growth Oslo or Nasdaq First North Growth M
OSLO, NORWAY – 5 December 2023 - Reference is made to the stock exchange announcement published by Zwipe AS (the "Company") on 30 November 2023, regarding the commencement of the subscription period in a new issue of units (the "Units"), consisting of shares and warrants, with preferential rights for existing shareholders raising gross proceeds of approximately NOK 35.0 million (the "Rights Issue"). The shareholders of the Company on 22 November 2023 (and being registered as such in the Norwegian Central Securities Depository, Euronext Securities Oslo, as at the expiry of 24 November 2023 (the "record date") was granted one (1) subscription right (the "Subscription Rights") for each share registered as held by the shareholder as of the record date. One (1) Subscription Right is required to subscribe for one (1) Unit.
The following primary insiders of the Company have today, on 5 December 2023, exercised the following number of Subscription Rights in the Rights Issue, and thereby subscribed for the number of Units to which the number of Subscription Rights exercised entitles them to be allocated upon completion of the Rights Issue.
Please see the attached notifications of transactions for further information.
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This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
#######
For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
OSLO, NORWAY and SINGAPORE – 2 November 2021 - Zwipe, a leading biometrics payment company, announced that it had appointed Claus Hansen as Vice President of Sales and Business Development, Asia Pacific (APAC) region. Mr Hansen will lead Zwipe's engagements with card manufacturers, issuers and technology partners to drive the adoption of biometric payment solutions in APAC.
With this appointment, Zwipe aims to strengthen its foothold in the APAC region. Mr Hansen will be accompanied with two existing colleagues at the newly-established Zwipe subsidiary in Singapore (Zwipe Singapore Pte. Ltd.) The new regional office strongly reinforces Zwipe’s long-term vision to support its partners and customers in the area.
Commenting on this latest Zwipe development in the APAC Region, André Løvestam, CEO of Zwipe said, "Claus's appointment demonstrates our commitment to one of the world's largest and most rapidly growing regions within payments. We have significant customer relationships in the APAC region and are excited by the strong interest that our Zwipe Pay ONE platform has received. Claus's deep smart card industry knowledge and proven track record in successfully launching new payment solutions in APAC will help us accelerate the full potential of our platform.”
Claus Hansen, Vice President of Sales and Business Development, APAC, said, "The Zwipe Pay ONE platform with a Single Silicon Biometric System on Card is a game-changer for the payments industry. I am very excited to join this visionary team of passionate people. Convenience, security and safety are important for consumers' choice of payment option. Zwipe is perfectly positioned to provide innovative card-based solutions allowing our clients to respond to market needs, as well as become the strategic technology partner of choice".
Mr Hansen brings over 25 years of payment technology, cybersecurity, fintech and smart card experience to the role. He has held senior executive management positions across multiple countries in Asia in Entrust, NXP Semiconductors, Gemalto, dz card and Kona I.
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For further information, please contact:
André Løvestam, CEO,
+47 991 66 135
info@zwipe.com
Acceleration på flera fronter
Zwipe fortsätter det höga tempo som bolaget har hållit hittills under året och har presenterat många spännande nyheter senaste kvartalet. Kvartalet har inneburit ett antal nya partnerskap med en mängd olika aktörer i branschen. Mest noterbart är den allt starkare närvaron i Mellanöstern och Asien, med avtal med bland annat partnerskap med go-to-market aktörerna ICPS, Nymcard, QPS och CCM. Vidare har pilotavtal också slutits med MEPS för Levantregionen, Credit Libanais, en större aktör i Libanon, det norska fintech-bolaget Reltime samt en större global Tier-1 bank med pilotlanseringar i tre europeiska länder. Till följd av den allt starkare närvaron i regionen Mellanöstern, Asien och Afrika har en Claus Hansen tillsatts som VP Sales and Business Development för APAC-regionen. (Asien-Stilla-havsregionen). Bolaget har utöver detta tagit viktiga steg i Latinamerika och Karibien, genom ett avtal med det Chile-baserade fintechbolaget IC Payments.
Ytterligare kommersiell order
I vår förra uppdatering lyfte vi fram den stora nyheten att bolaget mottagit sin första order. Den kom från BCC i Taiwan och uppgick till totalt 17 miljoner norska kronor. Kort efter att analysen publicerades följde bolaget upp med att tillkännagiva att Inkript, en av de största betalkortsleverantörerna i Menaregionen (Mellanöstern och Nord-afrika) har lagt en order på totalt 3 miljoner norska kronor. Iochmed detta så stärks bolagets kommersiella momentum ytterligare och det är inte orimligt att tro i detta läge att ytterligare ordrar kan finnas i närtid. Totalt har bolaget idag skarpa ordrar på 20 miljoner norska kronor trots att de i stort fortsatt befinner sig i ett förkommersiellt stadie.
Genombrott med Tier-1 aktörer
Värt att också lyfta fram är de framgångar som Zwipe fortsätter att röna med större globala Tier-1 aktörer. Detta är anmärkningsvärt för flera anledningar, då detta inte nödvändigtvis varit ett fokusområde tidigare för bolaget. Utvärderingen av bolagets Zwipe Pay One plattform sker nu av en global Tier-1 smartkortsleverantör och ett positivt utfall på detta kan få stora effekter. Vidare har bolaget också adderat en europeisk Tier-1 bank som ger ut flera miljoner kort årligen globalt och som skall genomföra en pilot i tre europeiska länder i Q1 2022. Givet ett positivt utfall på detta så siktar banken på en större kommersiell lansering under sommaren 2022. Mycket pekar med andra ord för att 2022 kan bli ett spännande år där det kommersiella genombrottet för biometriska kort tar fart ordentligt.
Bibehållen positiv syn
Kvartalet innehöll inga överraskningar i siffrorna med en omsättning på 0,4 miljoner NOK och ett kassaflöde på -5,3 miljoner NOK per månad. Vi justerar ned våra prognoser på kort sikt men bibehåller den starka synen på lång sikt och upprepar vårt motiverade värde på 43–46 kronor på 12–18 månaders sikt. Bolaget befinner sig fortsatt i ett starkt momentum och vi väntar oss ett intensivt nyhetsflöde de kommande månaderna. Vi ser störst risk i eventuella förseningar i kommersialiseringsprocessen.
OSLO, NORWAY – 26 October 2021
During the third quarter, Zwipe has continued to strengthen its foundation for launching pilots and mass-volume roll out of biometric payment cards.
Mauritius-based ICPS, one of Africa’s leading card personalization and processing service providers, partnered with Zwipe to bring biometric payment cards to Africa and Asia.
A global Tier 1 smartcard manufacturer started the evaluation of the Zwipe Pay ONE platform.
Zwipe received an MNOK 17 (USD 1.9 million) commercial order from Beautiful Card Corporation (BCC) in Taiwan, which produces around 520 million cards annually, of which around 20 million are EMV payment cards.
Middle East Payment Services (MEPS), a Jordan-based commercial issuer of payment cards, announced its decision to pilot Zwipe Pay ONE with executives at up to 20 Financial Institutions in the Levant region1.
Erik Selin invested MNOK 104 in Zwipe through a private placement to further accelerate development and commercialization of Zwipe.
A European-based Global Tier 1 Bank, with several millions of payment cards deployed globally, decided to pilot Zwipe Pay ONE-based Biometric Payment Cards in three European countries. The bank plans for a commercial launch in summer 2022, subject to positive pilot results.
Zwipe received a Commercial Order of MNOK 3 (USD 318,000) from Inkript, one of the largest payment card suppliers in the Middle East and North Africa (MENA) region.
UAE-based card issuing and processing provider NymCard joined forces with Zwipe to accelerate the deployment of biometric payment cards in the Middle East and Africa.
Zwipe and India-based Que Processing Services (QPS) announced collaboration to bring Zwipe Pay ONE biometric payment cards in Asia and the Middle East.
Zwipe and Lebanon-based Credit Card Management (CCM), who delivers payment services to more than 25 banks in Lebanon, announced collaboration to launch biometric payment card pilots in the country.
Norwegian fintech Reltime selected the Zwipe Pay ONE platform to power its biometric payment card offering as part of its global financial services ecosystem, with the aim to launch pilots from Q1 2022.
Zwipe America Inc. received full forgiveness of the second bank loan of $248 000 through the Paycheck Protection Program (PPP) which was granted and paid out in the first quarter of 2021.
Significant Events after the period
IC Payments, a Chile based fintech with offices in Uruguay and Argentina as well as a solid network of partners across Latin America, partnered with Zwipe to offer biometric payment solutions in the Latin American and Caribbean markets.
Credit Libanais, one of the largest banks in Lebanon and a principal member of Visa and Mastercard, has chosen to pilot biometric payment card based on Zwipe Pay ONE.
Zwipe has hired Claus Hansen as VP Sales and Business Development in APAC. Claus is based in Singapore and has a long career working in the smart card industry with more than 30 years’ experience in APAC and a broad network in the region.
Comments from the CEO
The third quarter of 2021 has been momentous for Zwipe in many ways.
On the customer side, we received our first commercial orders for subsequent deployments of Zwipe Pay ONE) from BCC in Taiwan and Inkript in Lebanon with a combined value of MNOK 20 (USD 2.2 million). Both players have strong regional positions in Asia and the MENA region respectively.
We are also pleased that a global Tier 1 Smartcard Manufacturer decided to start a comprehensive evaluation of the Zwipe Pay ONE platform, reflecting the relevance and competitiveness of our technology and offering.
On the issuer side, the innovativeness of Middle East Payment Services (MEPS) to launch a large-scale, multi-bank pilot with Zwipe Pay ONE to bank executives across the Levant region1 was a great step forward and has inspired us to develop new concepts for accelerated piloting that reduces upfront preparation for the banks.
I was also thrilled that a European-based global Tier-1 bank decided to launch Zwipe Pay ONE pilots in three European countries with intentions to launch commercially during summer 2022 subject to positive pilot results. Attracting global tier-1 players, not only among processors and card manufacturers, but also among banks, is something we are very proud of at Zwipe.
In addition, Reltime decided to pilot and subsequently launch Zwipe Pay ONE enabled cards to bring world-class security in its decentralized financial services ecosystem.
In parallel with all this, we further strengthened our reach, market coverage, and implementation capabilities in Asia, Africa and the Middle East by finalizing key Go-to-market partnerships with ICPS (part of the HPS Group), NymCard, Que Processing Services and Credit Card Management. Partnerships such as these are vital in order to accelerate developments and maximise the Zwipe Pay ONE opportunity. I refer to this as “the Megaphone effect”.
To help quantify the business case for launching biometric payment cards for issuers and further drive the biometric payment card opportunity across the value chain, we have developed a comprehensive ROI (Return on Investment) Calculator. The calculator demonstrates the financial value of Zwipe Pay ONE to issuers and shows that, even without a card fee paid by the cardholder, Zwipe Pay ONE can deliver a $15m annual net benefit for an average US issuer with a 1 million credit card portfolio. The ROI model has been developed together with recognized external industry experts. We were delighted by the results and the reinforcement of the value that our offering can bring to card issuers. The ROI calculator is now an integral part of our value proposition to issuers to further accelerate the adoption of biometric payment cards.
All in all, I am happy to report that we continue to experience broad-based acknowledgement of Zwipe’s competitiveness and value add for the industry from all parts of the payment ecosystem.
Another significant highlight from the third quarter 2021 was the MNOK 104 investment from the prominent Swedish investor Erik Selin through a private placement of 4,000,000 new shares to further accelerate our ongoing development, commercialization and global expansion.
As previously communicated, Zwipe’s development efforts for Zwipe Pay ONE has passed almost all critical milestones and major risk points, with piloting and certification left before subsequent full commercialization and mass volumes. Together with development and manufacturing partners, we are progressing towards finalization of Zwipe Pay ONE, which will be followed by the formal certification process by our card manufacturing customers with the payment schemes. When verifying Zwipe Pay ONE, it is clear that we will have a very cost competitive offering and enable our customers to launch biometric payment cards with excellent performance resulting in a compelling user experience for cardholders. Similar to many other companies engaged in multinational development projects, the effects of COVID-19 have added complexity and extended lead times to the overall Zwipe Pay ONE development program, but I am pleased with how our organization continues to tackle and overcome challenges and is well positioned to bring a fully commercially available Zwipe Pay ONE offering to market as soon as we have completed the final steps.
Finally, I am very proud of the Zwipe organization. The passion, competence, agility, collaborativeness, responsiveness and winning culture that they live out every day is what fuels our mission and drives us forward on our path to market success, great customer satisfaction and creation of shareholder value.
Financial Update
Total revenues in Q3 2021 were 0.4 MNOK (MNOK 0.1).
Average monthly operational cash flow was MNOK -5.3 in Q3 2021 versus MNOK -4.4 in Q3 2020. The increase is a result of recruitments and higher activity in the company. During 2021, Zwipe has increased its staff in response to the increased number of customer engagements and growing demand for piloting and deployment of our payment solutions and services.
The closing cash balance at the end of Q3 2021 was MNOK 183.7 (MNOK 117.3). The development in cash balance since end of Q2 2021 (MNOK 94.9) is primarily a result of operational cash flow of MNOK -15.8 and the private placement to Erik Selin of MNOK 104 in August 2021.
As Zwipe received full forgiveness of the second PPP loan in August, Zwipe is again debt-free.
Footnote 1: The Levant region includes Lebanon, Jordan, Palestine, Egypt, Iraq, Libya, Syria, Turkey and Israel
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This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo, Nasdaq First North Growth Market and the EU Market Abuse Regulation. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 08:00 CEST on 26 October 2021.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit www.zwipe.com
For more information, please contact:
André Løvestam
+47 991 661 35
ir@zwipe.com
OSLO, NORWAY and BEIRUT, LEBANON – 21 October 2021 - Zwipe is proud to announce a pilot of the new generation of biometric payment card based on Zwipe Pay ONE, with Credit Libanais, one of the largest banks in Lebanon. The bank is a principal member of Visa and Mastercard and has under its affiliation three other banks.
Across many markets globally, and especially in the Middle East and North Africa (MENA) region, Zwipe has experienced a strong and growing interest in biometric payment cards from banks and payment service providers. Biometric payment cards deliver world-class security and a completely touch-less user experience to cardholders, enabling improved loyalty and accelerated customer acquisition for the banks, creating a solid business case.
Speaking on this development, Randa Bdeir, Deputy General Manager at Credit Libanais said, “Post pandemic, we have seen a strong demand for touch-less checkout as they are safer and much more hygienic which this innovation will directly address; and that is why we have partnered with Zwipe, a global leader in biometric payment card technologies, to pilot a new generation of Biometric Payment Cards that will deliver a significantly improved user experience and security for our retail clients. We are truly proud to partner with Zwipe and be the pioneers to deploy such an important development in the entire region.”
Besides the core biometric payment card technology, Zwipe will also support Credit Libanais through all pilot stages, ensuring that all end users’ experiences and feedback are systematically captured and their impact on business case assessed.
Ramzi Saboury, General Manager of Zwipe in the MENA Region said: “The banking sector in Lebanon is demonstrating its appetite for innovation. We are thrilled that Zwipe Pay ONE technology has been chosen and looking forward to supporting the pilot and commercial launch by Credit Libanais.”
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About Credit Libanais
Since its establishment in 1961, Credit Libanais has developed technologically - advanced services to support its business. The Bank has one of the largest networks in Lebanon including local and international outreach in Cyprus, Bahrain and a subsidiary bank in Senegal. Year after year, Credit Libanais reaffirms its commitment to conducting business with high ethical standards and sustainability in mind.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact-free.
To learn more, visit zwipe.com
For further information, please contact: André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and SANTIAGO, CHILE – 19 October 2021 – IC Payment is partnering with Zwipe, a Norway-based biometric fintech, to offer biometric payment solutions in the Latin American and Caribbean markets.
IC Payment is a Fintech, expert in the development of new technologies behind different payment methods. It is based in Santiago de Chile with offices in Uruguay and Argentina as well as a solid network of partners across Latin America. IC Payment offers a complete set of payment solutions for both in person and digital environments. Highlighting its instant issuance solution for financial cards through a self-service model, called "Instant CardPoint". Allowing to issue a card instantly ready to be used without limitations of designs, brands, or customer service hours.
Speaking on this collaboration, Mr. Christian Herrera, CEO of IC Payment, said "Biometric payment cards are attracting increased interest from issuers as they deliver a much better user experience through transaction security and safety. We are delighted that our partnership with Zwipe enables us to provide the ultimate next-generation payment experience in the market. This innovation will help our partners and customers to differentiate their offerings. Making them more competitive as a result, which in turn drives further growth”.
The two organizations will now align their product delivery and initiate joint sales efforts to bring biometric cards across key markets in Latin America.
"We are thrilled that IC Payment has selected Zwipe Pay ONE to enable their issuer, processor and card bureau clients to adopt biometric payment cards. We look forward to introducing the next generation of contactless payment cards in large and high growth payment markets in Latin America and the Caribbean. IC Payment is a well-recognized brand in the card payments space in these markets, and we look forward to mutual success in this region,” said André Løvestam, CEO of Zwipe.
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About IC Payment
IC Payment was born with the mission of bringing new payment method technologies to the financial sector through innovation and security. In its nine years of operation in Latin America, IC Payment has promoted and accompanied its clients in the early adoption of new payment technologies. IC Payment's current commitment is to take the instant issuance of financial cards beyond the scope of bank branches. Expanding its hourly service, physical presence and promoting financial inclusion. IC Payment consolidated a strategic alliance with the fintech of the French group be ys, to continue strengthening its research and development in an environment of continuous advancement of innovation and sustainability.
For further information please contact Sean McRostie, CCO of IC Payment at +(56) 9 3430 0695 - smcrostie@icpayment.net
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit zwipe.com
For further information please contact André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY - 29 september 2021 – Zwipe is proud to announce that it has partnered with startup Reltime to provide a world-class security and user experience to the end-users of Reltime’s Decentralized Finance (DEFI) Ecosystem based on the Zwipe Pay ONE platform. Reltime will issue Zwipe Pay ONE-based biometric payment cards to bring the next generation contactless security and user experience to its end users.
Reltime aims to revolutionize financial services for customers and users in Europe, Japan, India, Mexico, and Brazil from Q1 2022 and then target the global market from Q3 2022.
Headquartered in Oslo, Reltime offers ready-to-deploy financial services to users who will save and secure transactions with full control and flexibility. These services include banking, cross border money transfer, lending, card payments and digital wallets for instant use. When the users check out, it converts instantly to the local currency.
Speaking on the partnership, Cornelia Stensby van der Laak, Reltime’s Chief Commercial Officer, said, “We are delighted to see such positive feedback from the market on Reltime’s DEFI Ecosystem. We already have several partner engagements from all over the world. Reltime has noted a strong interest in biometric payment cards, which deliver world-class security and convenience. Zwipe is a well-respected biometric payment technology brand, and we aim to launch the first pilots in Q1 2022, followed by commercial launches shortly after.”
More information on Reltime Biometric ID and Payment Cards can be found here.
Reltime will be the issuer of biometric payment cards, and first to launch this to a DEFI network globally. Zwipe and other partners will be working closely to ensure that the planned pilots are started from Q1 2022. Besides delivering its Zwipe Pay ONE platform, Zwipe will also support Reltime through all stages of pilots and the commercial launch of biometric payment cards.
“We are proud that a global innovator such as Reltime recognizes the value of biometric payment cards and has decided to use Zwipe as part of its next-generation financial services platform. Together we will help many telecom operators and issuers to bring significantly enhanced convenience and security in payments. We are excited about the planned pilots and launches next year,” said André Løvestam, CEO of Zwipe.
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About Reltime
Reltime is a decentralized financial ‘DEFI’ ecosystem that brings the next generation of economic and banking services to its audience worldwide. Headquartered in Oslo, it offers financial services for all users anywhere. Reltime enables its customers to start offering a broad range of services, such as banking, free cross border money transfer, lending with and without Collateral and earnings for the end-users, card payments and digital wallets. Reltime revolutionizing financial services bringing control to the end-users. Reltime has a partnership with several global financial institutions to provide seamless and secure transactions from anywhere in the world. To learn more, visit reltime.com.
For further details, please get in touch with Cornelia Stensby van der Laak, CCO, cornelia@reltime.com
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment card components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. With an ecosystem of partners, including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next significant shift in payments from contactless to contact-free. To learn more, visit zwipe.com.
For further information, please contact André Løvestam, CEO, +47 991 66 135 info@zwipe.com
OSLO, NORWAY and BEIRUT, LEBANON – 29 September 2021 – Biometric fintech company, Zwipe, and Credit Card Management (CCM), one of the leading card payment service providers in Lebanon are partnering to bring Zwipe Pay ONE biometric payment cards to banks in Lebanon. Founded in 1994, CCM has grown to become a well-recognized brand in the card payments both in Lebanon and the Middle East.
CCM delivers issuing, acquiring and card personalization services to more than 25 banks. The company provides payment processing for financial institutions as well as telecom operators and it is a subsidiary of Credit Libanais, one of the largest banks in the country.
“We are always eager to bring state-of-the-art payment products that enhance customers’ experience. Zwipe Pay ONE is a disruptive (Gen3) biometric payment platform that will enable issuer clients to deliver a completely contact-free checkout experience and payment security. We are proud to partner with Zwipe,” says Johnny Torbey, Deputy General Manager at CCM.
As part of this partnership, Zwipe will support CCM in delivering Zwipe Pay ONE biometric payment cards to banks in Lebanon. Both organizations aim to help multiple banks with pilots and ultimately commercial launches.
“The collaboration with CCM further accelerates our issuer engagements and is a strategic move for Zwipe in Lebanon and MENA where innovations such as biometric payment cards are in great demand from banks, governments and citizen programs including financial inclusions and the move to cashless societies,” says Ramzi Saboury, General Manager for Zwipe for the MENA region.
For further information, please contact Mr. André Løvestam, CEO, +47 991 66 135 info@zwipe.com
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About CCM
Founded in 1994, CCM has grown to become one of the most dynamic leaders of the card industry in Lebanon and the Middle East, delivering quality service and ensuring high standards of value and security, for banks, institutions, and merchants across the country while handling the full range of card business activities: strategic planning, issuing, account processing, authorization of payments, innovation of loyalty programs and co-branding schemes in various set ups and telecommunication environments.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free.
To learn more, visit zwipe.com
OSLO, NORWAY – 27 September 2021- The share capital increase of 4,000,000 new shares in Zwipe AS, as resolved by the board meeting of the company on 30 August 2021, has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 3,698,268.50, and the new number of shares and votes is 36,982,685.
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About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment card components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe & Secure" for banks, merchants and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact free. To learn more, visit zwipe.com
For more information, please contact:
Lars Kristian Solheim, CFO
+47 991 661 35
This is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Market Oslo and on Nasdaq First North Growth Market Stockholm. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 13:15 CEST on 27 September 2021.
OSLO, NORWAY and ABU DHABI, UAE – 13 September 2021 – Zwipe and NymCard are joining forces to launch biometric payment cards in the Middle East and Africa. With the rapidly growing demand for safer and more secure payment solutions from fintechs and modern payment innovators, this collaboration will ensure a faster deployment of biometric payment cards in the region.
Based in Abu Dhabi, NymCard delivers a state-of-the-art payment card issuing and processing platform based on three key focus areas: Frictionless, Transparent and Agile. Recognized as a leading Banking-as-a-Service (BaaS) provider in the region, NymCard enables fintechs and innovative payment players to deliver a seamless payment experience to their customers with easy, secure, and faster channels. Using Open APIs and modern technologies, NymCard is known for delivering exceptionally fast implementations. It powers payment innovators in multiple industries from the Gig Economy, Buy Now Pay Later, Youth banking, and Corporate expense cards across the MEA region. NymCard is now expanding to Asia and Europe.
Speaking on the partnership, Omar Onsi, CEO and Founder at NymCard said: “In our region, consumers, fintechs, and payment providers always seek more secure and user-friendly financial services. We are now seeing increasing interest in biometric payment cards as they combine world-class security with world-class convenience. Zwipe is a highly respected fintech in the biometric payments marketplace and Zwipe Pay ONE based cards will add considerable value for our customers in MEA”.
Zwipe will provide commercialization support, expertise, and technical guidance to help NymCard integrate biometric payment cards in its portfolio. Zwipe Pay ONE based cards will be delivered by one or more of Zwipe's certified smart card manufacturers in the region. NymCard and Zwipe will start joint issuer engagements already from this month.
“The interest in adopting biometric payment cards is phenomenal in the Middle East and Africa. We are happy to partner with NymCard, a well-recognized Banking-as-a-Service provider for payment innovators and fintechs. Zwipe's biometric payment platform supports contactless payments ensuring 100% touch-free and PIN-free transactions. We are confident that this alliance will further accelerate the deployment of biometric payment cards,” said Ramzi Saboury, General Manager for Zwipe in the MENA region.
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For further information please contact: André Løvestam, CEO, +47 991 66 135 Info@zwipe.com
About NymCard
NymCard is a MEA-based BaaS provider and modern card issuer processor. The company offers a cloud-agnostic modern payment issuing and processing platform called nCore that allows fintechs in the MENA region to instantly create, control, and distribute highly customizable virtual or physical payment cards.
NymCard’s mission is to enable companies to launch frictionless payment card programs at speed in any market in MENA and now in Asia as well. As a payment enabler, NymCard is removing the friction associated with legacy systems enabling fintechs to focus on building their product proposition rather than deal with complex payment processes.
NymCard developed its own processing technology from the ground up, where we own our whole tech stack. We published our APIs and are the only MENA-based issuer processor with a live Sandbox where fintechs can get access and start building in no time.
About Zwipe
Zwipe is pioneering the next generation contactless payments experience, providing biometric payment cards components and wearables technology that enable consumers to authorize transactions with their fingerprints without compromising their privacy. Together with an ecosystem of partners including global brands within digital security and financial services, Zwipe is "Making Convenience Safe and Secure" for banks, merchants, and consumers. Zwipe's solutions address the hygiene and data theft pitfalls inherent in traditional authentication methods. Headquartered in Oslo, Norway, with a global presence, Zwipe is leading the next great shift in payments from contactless to contact-free.
To learn more, visit zwipe.com
