Crunchfish AB (publ)

Welcome everyone to Vesta Hamlund, corporate finance and market focus. Today we will dive into the latest update from Carfish. The company has just released its Q2 report for 2025. And I'm standing here with the CEO, Joakim Samuelsson. Very much welcome, Joakim. Yeah, here we go again. And we will discuss the latest events. And I encourage all viewers to participate. Please type in questions and we will address them as we go along. So let's not start with the figures for once and instead focus on the reception of your revised go-to-market strategy. Yeah. The title of the report is that it's working. The new approach is working. Could you just briefly tell us how has the reception from the industry been?

Yes, it's working, and the reception has been overwhelming. We are extremely happy with that. I think we've had a couple of conversations there. The more we've got positive reviews from the market, the more, in a way, bold I've been able to be. Basically saying that how we were selling before, nobody wanted our system. And what I mean with that is that if you're a payment network, You couldn't take our whole system because you are supposed to receive payments, accept payments, and process them. So you don't want to pay for wallets. That's the pain part. But on the other hand, if you are a payment service provider, if we don't have the network with us, they can only take in wallets, but they don't have the acceptance side. But by splitting the product, that was the whole idea of what we talked about three months ago when we stood here. when in splitting the product into two parts a receiving part that we can offer to the networks and then a secure wallet part which is offered to the payment service provider that is serving end users like you and me so we can pay by splitting it it makes the world of difference and it's the whole industry is not foreign to this because this is how say the card network works. Mastercard, Visa, they are the ones who accept payments and process it. But it is the banks that offer our end users the ability to pay on that network. So it's not a strange idea. So when I broke this, I went to Bangkok just a week after when we released the report. The response was overwhelming. I had one night in Bangkok as we thought it was fun to write. arrived in the morning, went to this conference, pitched this idea. But I had so much good conversation and a truckload, as I said to Patrick, of leads coming back. He asked me, do you have any leads coming back? I said, yes, I have a truckload of leads. So overwhelming response from really all parties, really. And it's been really well received. So I'm very happy about that.

Could you just also explain a bit about the actual product and how you go about it? A terminal solution and the service provider wallets? Yeah.