TrustBuddy AB: Applies for PSD license in Sweden and have decided not to acquire Prestiamoci
TrustBuddy will not acquire Prestiamoci following a conditional acquisition that was put in place during end of 2014. The decision is in line with TrustBuddy's strategy, announced on the 7th of May (see separate press release), to focus on Northern Europe.
In connection with TrustBuddy’s on-going license application in Sweden, the Financial Supervisory Authority has recently sent the company additional information. TrustBuddy will now require a PSD license governing payment services. The Swedish Financial Supervisory has chosen a line that we recognize from other European markets, and one that may lay the foundation for a European regulatory standard. TrustBuddy welcomes this decision and will hand in a full application for a PSD license during week 25 (starting 15th of June).
For more information please contact:
Linus Lönnroth, Acting CEO, TrustBuddy AB (publ)
About TrustBuddy AB (publ)
TrustBuddy is a leading diversified peer-to-peer group that operates in Northern Europe. The Group operates under three different brand names (Geldvoorelkaar, Crowdfunding Society and TrustBuddy). The group offers peer-to-peer financing for small and mid-sized companies and consumer loans.
The company is listed at Nasdaq First North in Stockholm. Erik Penser Bankaktiebolag is TrustBuddy AB (publ)'s Certified Adviser and market maker, phone number: +46-8-463 80 00.