RB ESPI 4/2024 Conclusion of an agreement by the subsidiary with a Lithuanian entity holding an EMI electronic money license

The Management Board of Aforti Holding S.A. with its registered office in Warsaw (hereinafter referred
to as the “Company”, “Issuer”) informs that the Issuer has received information about the conclusion
on April 2, 2024 by the subsidiary Aforti Exchange S.A., as part of the AFORTI.BIZ project, of the Banking as a Service Agreement with a Lithuanian entity holding an EMI electronic money license passported to European Union countries. Thanks to the signing of the Aforti Exchange S.A. agreement will be able to offer its clients virtual IBANs and cross-border payments without the need for a license, which means that it will minimize costs because it will not have to incur additional high costs of maintaining a licensed company and high capital requirements, which will significantly affect the profitability of the project. Thanks to the concluded agreement, the AFORTI.BIZ project will be able to offer customers the application that has been prepared as part of this project over the last 3 years.

Klaudiusz Sytek
President of the Management Board

REPORT