AQRU plc - Partnership with Quickbit
RNS Number : 0427T
AQRU plc
20 July 2022
 

Press Release

 

20 July 2022

 

AQRU PLC

 

("AQRU" or "the Company")

 

Partnership with Quickbit

 

AQRU plc (AQSE: AQRU), an incubator specialising in decentralised finance ("DeFi"), is pleased to announce that its wholly owned subsidiary, Accru Finance Ltd. ("Accru Finance"), has entered into a partnership with Quickbit eu AB (publ) (NSME: QBIT) ("Quickbit"), a leading Swedish fintech company, to offer Accru Finance's yield generating products to a wider customer base.

 

Quickbit facilitates payments in cryptocurrency for both consumer and corporate clients. It offers a debit card, the Quickbit Card, and a consumer-facing cryptocurrency platform, the Quickbit App, which allows for the depositing of EUR and card payments for eight cryptocurrencies including BTC, ETH, USDT and ADA. It allows customers to generate returns on their cryptocurrency in the app. Quickbit has been listed on the NGM Nordic SME since July 2019.

 

Quickbit is Accru Finance's first Yield-as-a-Service ("YaaS") partner. Accru Finance's YaaS API will be integrated into the Quickbit App, allowing Quickbit's customers to access the competitive returns available from Accru Finance's DeFi products. By offering their products to Quickbit's customers, Accru Finance intends to expand access to its DeFi ecosystem and offer its competitive DeFi yields to an increased customer base.

 

Commenting on the partnership, Digby Try, co-founder of AQRU said: "The partnership with Quickbit is a significant milestone for us in our mission to strip the complexity from the crypto universe. We set out to make building a balanced crypto portfolio a reality for all investors and being able to benefit from curated high-yield opportunities is a major part of this. Our partnership with Quickbit enables us to share that vision with a wider audience and continue our path to achieving that goal."

 

Hammad Abuseifan, CEO at Quickbit, said: "Through this partnership with AQRU, we are able to offer our Quickbit App users a DeFi solution that creates more value throughout our ecosystem of crypto products. Our mission to simplify the use of crypto and integrate it into the everyday lives of people by offering safe and easy-to-use products is well in line with the values of AQRU."

 

For further information please contact:

 

AQRU


Philip Blows

Chief Executive

via Tancredi +44 207 887 7633

Tennyson Securities

 

Corporate Broker

Peter Krens

+44 207 186 9030

First Sentinel

 

AQSE Corporate Adviser

Brian Stockbridge

+44 203 989 2200

 

Tancredi Intelligent Communication

Media Relations


Gabriela Amaya Garcia

Charlie Hobbs

AQRU@tancredigroup.com

+44 7915 035 294

+44 7897 557 112

 

About AQRU plc:

AQRU is an incubator specialising in opportunities in decentralised finance (DeFi), a disruptive technology using blockchain and cryptocurrencies to remove financial intermediaries from transactions, creating a cheaper, more efficient and more secure way of providing financial services. Listed on the Aquis Exchange in London, we apply our expertise to the business operations and strategic plans of FinTech companies in the UK, USA and Canada, and act as an accelerator for start-ups and early-stage companies. www.aqruplc.com

 

About Quickbit:

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

 

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