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Safello Launches Safello Subscription - A Monthly Savings Service for Cryptocurrencies Connected to Your Bank Account

Stockholm, 22 November 2021 | Swedish fintech Safello (https://safello.com/) today announced the launch of its new savings service Safello Subscription after successful test phases.

On July 5, 2021, Safello launched a private beta for its new savings service, which was then opened to external users on August 23rd. After successful tests with a selected group of users and positive customer feedback, the product is now released to the public.

Safello Subscription is a monthly savings service for cryptocurrencies where users easily can make automatic recurring purchases of bitcoin or ether. You simply choose which cryptocurrency you want to buy, the recurring amount in SEK and which day of the month the purchase should be made. And then connect your bank account with Mobile BankID. 

The seamless experience is made possible by using the open banking infrastructure provided by Open Payments Europe. Safello Subscription is today available to all users that have a bank account with Swedbank or SEB and have Mobile BankID. The service will open up for more banks as soon as they open their APIs for integration. The recurring fee for Safello Subscription is 3%.

"With Safello Subscription we have successfully built an in-demand product that will promote longer term investment behavior. Users can opt to spend a certain amount of their salary each month to buy crypto and average their cost price. For Safello this means a more predictable revenue stream. We believe in creating new business models that aren't only based on single transactions, but instead will extend the lifetime value of our customer base to drive both revenues and customer loyalty," says Frank Schuil, CEO and co-founder of Safello.

For more information, go to safello.com/savings

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This information is such that Safello Group AB is required to disclose in accordance with the EU Market Abuse Regulation. The information was provided by the contact person below, for publication on 22 November 2021.

For more information, please contact
Johan Edin, CFO, ir@safello.com

Certified Adviser
Corpura Fondkommission AB, info@corpura.se,+46 722 52 34 51

Safello is Sweden's leading online cryptocurrency brokerage with the goal to make crypto accessible to everyone. Safello offers a secure way to buy, sell and store crypto in seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North since 2021.

Source: Cision
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