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After an eventful 2022, Crunchfish looks to make 2023 the year where things take off. With one of the two Indian banks in the ongoing pilot already offering Crunchfish’s offline payment solution (Crunchfish Digital Cash Offline) to its 60+ million customers, a first firm deal should not be far away. This would provide a transformational Proof-of-Concept to Crunchfish’s business model which would drive a significant revaluation of the share. For now, we continue to find support for a fair value of SEK 48-63 per share.
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