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 in product launches and geographic expansion.

Second quarter, October – December 2021 in summary
 

 

Significant events during the quarter
 

 

For further information, please contact:

Simon Afeworki, CFO

simon@quickbit.com

Tel: +46 76 252 14 75

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Quickbit is a Swedish fintech company, founded in 2016 with the goal of making the integration of cryptocurrencies into the everyday lives of people and companies smoother. Today, Quickbit offers safe and easy-to-use products for e-merchants as well as customers. With a transaction volume to date in excess of €900 million, Quickbit has already enabled and empowered individuals around the world, through the use of cryptocurrencies. Quickbit has been listed on NGM Nordic SME since July 2019. For more information, please visit www.quickbit.com

This information is such information that Quickbit eu AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the above contact person, on Wednesday, 9 February 2022 at 8:00 a.m CET.