Qliro

M&A Activity • Apr 15, 2021

Qliro's Board has today decided that acquisitions might complement the existing growth strategy

Qliro's Board of Directors has today decided to actively look at potential additional acquisitions to further strengthen Qliro's position for digital payments in the Nordic region. In addition to organic initiatives, as among other includes an improved Nordic payment solution and a broadening towards more segments of e-commerce, the growth strategy may also going forward be supplemented with acquisitions. The decision is supported by Qliro's two largest owners, Rite Ventures and Mandatum Private Equity.

"The Board has today opened up to broaden the existing growth strategy with the opportunity to do acquisitions to further strengthen Qliro's position in digital payments in the Nordic region. We see a significant organic growth potential for Qliro in a growing e-commerce market in the Nordic region but also that there may also be attractive opportunities with potential acquisitions within the payment area", comments Lennart Jacobsen, Chairman of the Board.

"With our technically market-leading payment solution and our new modern digital customer platforms, we have taken the position as the main challenger in payment solutions for major e-retailers in the Nordics. Through the Board's decision today, we can in future also use the opportunity for acquisitions for to further increase the growth within digital payments", comments Carolina Brandtman, CEO.

In the notice convening the Annual General Meeting, which will be published later today, Qliro's Board will propose that the Annual General Meeting decides to authorize the Board to, on one or more occasions, during the period until the next AGM resolves on a new issue of shares, with or without deviation from the shareholders' preferential rights. The number of shares issued based on the authorization may correspond to an increase in the share capital of a maximum of twenty (20) percent based on the number of shares in the Company at the time of the 2021 Annual General Meeting.

For further information, please contact:

Andreas Frid, Head of Investor Relations Phone: +46705290800 E-mail: ir@qliro.com

About Qliro AB

Founded in 2014, Qliro is a tech company offering flexible payment solutions for e-commerce merchants in the Nordics and digital financial services to consumers in Sweden. Since inception 2014, Qliro has grown quickly and in the last year 2.5 million customers have used Qliros services and business volumes with Qliros payment products exceeded SEK 6.2 billion. The largest owners are Rite Ventures with 26% ownership and Mandatum Private Equity (Sampo owned company) with 10 % ownership.

Qliro is listed on Nasdaq Stockholm since October 2020 with the ticker "Qliro". Qliro has its registered address in Stockholm and is a credit market company under supervision of the Swedish Financial Supervisory Authority (FI). For more information see https://www.qliro.com/en/investor-relations

Press Release 15 April 2021 13:15:00 CEST

This information is information that Qliro AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2021-04-15 13:15 CEST.

Attachments

Qliro's Board has today decided that acquisitions might complement the existing growth strategy