News Tag: English

Quickbit recovers deposited collateral of 3.9 mEUR

Today Quickbit has in its entirety recovered its outstanding receivable consisting of deposited collateral (so-called rolling reserve) in the form of cash and cash equivalents of 3.9 mEUR. Previously, Quickbit announced that the expectation was that the deposited collateral, which was a collateral Quickbit needed to make to a previous acquiring partner, would be repaid […]

Quickbit establishes new role – appoints Chief Operating Officer

Quickbit strengthens the management team and recruits Anders Jonsson for a newly established role as Chief Operating Officer (COO). In his newly established role as COO, Anders will be responsible for the service organization, technology and IT within Quickbit and drive operational development processes. Anders has a background as a civil engineer in Technical Physics […]

Quickbit publishes Q3 ‘21/22 interim report

Sales for the third quarter of ’21/22 totalled €92.1 million, which was in line with the corresponding quarter last year. This corresponded to an average daily volume (ADV) of €1.0 million, which was largely impacted by activity and demand with our merchants. In parallel, the gross margin was 4.0%, which is the current target margin […]

Quickbit announces changes to Group Management

Quickbit’s CFO Simon Afeworki has decided to leave Quickbit to take on new challenges. Simon has been employed at Quickbit since 2019 and his last day is July 8, 2022. Quickbit has appointed Susanne Andersson as interim CFO. Susanne has extensive experience from companies with international operations in roles as CFO and Head of Investor […]

Invitation to presentation of Quickbit’s Q3 ‘21/22 interim report

Quickbit will publish its interim report for the period 1 January – 31 March 2022 on Wednesday, 11 May 2022, at 08:00 am CET. On the same day at 11:00 am CET Quickbit will organize a conference call with web presentation for analysts and investors. Hammad Abuiseifan, CEO, and Simon Afeworki, CFO, will present and […]

Quickbit announces change to the Board of Directors

Board member Karin Burgaz has, at her own request and for personal reasons, chosen to resign from Quickbit’s Board of Directors. Karin Burgaz has been a board member of Quickbit since March 31 2021 and will resign today. In a separate press release, the Board will convene an Extraordinary General Meeting to elect a new […]

Quickbit expands cryptocurrency offering with stablecoin, adding Tether (USDT)

Quickbit App, which previously supports the use of seven cryptocurrencies, now also supports the use of Tether (USDT). Tether follows the value of the US dollar and is classified as a stablecoin. Tether was launched 2014 and is the third largest cryptocurrency in the world in terms of market value*. What distinguishes Tether is that […]

Quickbit publishes Q2 ‘21/22 interim report

Sales for the quarter posted a year-on-year increase of 295%. The increase was primarily driven by a higher average daily volume (ADV), additional merchants and the positive effects of the preceding year’s restructuring. Merchants numbered 74 at the end of the second quarter, up 28, or 61%, year-on-year. The quarter was characterized by continued investments […]

Invitation to presentation of Quickbit’s Q2 ‘21/22 interim report

Quickbit will publish its interim report for the period 1 October – 31 December 2021 on Wednesday, 9 February 2022, at 08:00 am CET. On the same day at 11:00 am CET Quickbit will organize a conference call with web presentation for analysts and investors. Hammad Abuiseifan, CEO, and Simon Afeworki, CFO, will present and […]