New Risk • Jun 03
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -kr12m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-kr12m free cash flow). Shares are highly illiquid. Market cap is less than US$10m (€5.79m market cap, or US$6.72m). Announcement • Mar 27
Safello's subsidiary Safello Labs Introduces Automated Subnet Insights on Wu-Tao Safello's subsidiary Safello Labs, the research and innovation subsidiary of Safello Group, announces the introduction of automated subnet insights on Wu-Tao, the platform designed to help users navigate and understand the Bittensor ecosystem. The new feature continuously analyzes activity across subnet communication channels and surfaces structured insights on developments within the network. By monitoring updates, discussions, and announcements, Wu-Tao automatically identifies and summarizes relevant information related to subnet progress, changes, releases, and ecosystem developments. As the Bittensor network continues to expand with a growing number of specialized subnets, keeping track of updates across multiple communities has become increasingly challenging. The automated insights feature is designed to provide users with a consolidated view of meaningful developments across the ecosystem. The insights feed is integrated directly within Wu-Tao and is designed to support investors, builders, validators, and miners seeking to monitor activity across the decentralized AI network. Wu-Tao continues to evolve as a platform for exploring and interacting with the Bittensor ecosystem, offering users tools to track subnet performance, perform staking operations and access network insights in one place. Announcement • Dec 20
Safello Appoints Mikael Schlaug as CFO, Effective February 19, 2026 Safello announced the appointment of Mikael Schlaug as CFO. Mikael Sclaug will assume his position on 19th February 2026. Mikael Schlaug has been an investor and advisor to Safello since the beginning of 2025 and has since played an important role in building Safello's subsidiary for compliance software, Atoma Studio. Before joining Safello, Mikael has had a career as management consultant within firms like Capgemini Invent and PA Consulting and within the financial industry as an economist at Sveriges Riksbank and the European Central Bank. By assuming the position as CFO, Mikael Schlaug replaces Viktoria Berglund Blohme, Head of Finance, whose resignation was announced in November. Board Change • Sep 24
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Sep Alavi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 11
Safello Labs Publishes First Report on Bittensor and the Decentralized Ai Landscape Safello Labs released its first research report titled "Navigating the Decentralized AI Frontier." The report explores the emerging landscape of Decentralized Artificial Intelligence (DeAI), with a particular focus on the Bittensor protocol and its native token TAO. As a newly established research and intelligence hub within Safello, Safello Labs contributes to the understanding of how open, permissionless AI networks are reshaping market structures and technological innovation. The report presents TAO as a foundational asset in the decentralized AI economy and highlights Bittensor's position as the first operational network at scale. It also examines the implications of the recent 'dTAO' upgrade, which introduces modular AI service marketplaces with their own microeconomies. Bittensor's open and permissionless architecture, launched without VC backing, is described as a key differentiator in an increasingly centralized AI environment. Announcement • Jul 02
David Leeb to Step Down as Chief Marketing Officer of Safello, Effective December 18, 2025 Safello announced a change in the company's management team. David Leeb, Chief Marketing Officer at Safello, has mutually agreed with the company to step down from his role. His final working day will be December 18, 2025 to ensure a smooth transition. Announcement • Jun 26
Safello Launches New Trading Platform on Desktop Safello has launched its real-time order book interface for desktop users, following the successful rollout in the Safello app earlier this quarter. The new desktop trading platform offers a powerful experience tailored to users seeking greater control, transparency, and insight when trading crypto. It features support for market and limit orders, real-time charts, and deep visibility into order book activity across all listed assets. Traders can access Safello's full range of supported cryptocurrencies through USDC trading pairs, benefiting from transparent pricing and execution powered by an expanded network of liquidity providers. With fees set at 0.4% for maker orders and 0.6% for taker orders, the platform delivers a streamlined, cost-efficient environment for everyday users and experienced traders. Announcement • Jun 19
Safello Launches Stop-Loss and Take-Profit Features Safello is introducing stop-loss and take-profit - two risk management tools that enable customers to automate their trading strategies and manage market volatility more effectively. A stop-loss order automatically sells an asset when its price falls to a predefined level, limiting potential losses. A take-profit order, conversely, triggers a sale when the asset reaches a set price target, helping investors secure profits before a potential downturn. These tools are particularly useful for investors who cannot monitor the market continuously and want to apply a more disciplined approach to managing their exposure. In addition, Safello is launching the ability to edit and update open orders directly in the order book, giving users greater flexibility and control in response to changing market conditions. This enhancement aims to improve the experience for more active traders. The launch marks the second release of Safello's new trading platform, which allows users to trade with competitive maker (0.4%) and taker (0.6%) fees. Announcement • Apr 24
Safello Group AB (publ) Appoints Gustav Röken as Directors of the Board of Directors Safello Group AB (publ) at its AGM held on April 24, 2025, approved the appointment of Gustav Röken as Directors of the Board of Directors. Announcement • Jan 31
Safello Lists Five New Cryptocurrencies on Its Platform Safello announced that it is expanding its offering by adding five new cryptocurrencies on its platform: Arbitrum (ARB), Optimism (OP), Popcat (SOL),OFFICIAL TRUMP (TRUMP), and Official Melania Meme (MELANIA). These additions reflect Safello's commitment to offering a diverse range of investment opportunities, including tokens related to scalability solutions, decentralized protocols, and pop culture phenomena. The aim is to provide customers access to both well-established and emerging projects in the cryptocurrency market. With this expanded offering, Safello strengthens its position as a platform where users can both explore and invest in the rapidly evolving cryptocurrency landscape. Announcement • Dec 23
Safello Appoints Tara Abdi as Chief Compliance Officer, Effective 10 February 2025 Safello appointed Tara Abdi as its new Chief Compliance Officer (CCO). Tara, a qualified lawyer, brings extensive experience in legal and regulatory compliance. She has held several key roles in the financial sector, including Head of Compliance Financial Crime at Länsförsäkringar and corporate counsel at Avanza Bank. With a background as an insurance lawyer, AML specialist, and regulatory strategist, Tara possesses a unique ability to combine legal expertise with commercial acumen. Tara Abdi will assume her role as Chief Compliance Officer at Safello on 10 February 2025. Announcement • Dec 13
Safello Appoints David Leeb as Chief Marketing Officer Safello Group AB appoints David Leeb as its new Chief Marketing Officer (CMO). He will assume his position in January and join Safello's management team. David holds a Master of Science degree in Business and Economics and brings extensive experience in marketing and business development. He has previously held senior roles both at advertising agencies and on the client side, where he has successfully driven growth, brand building, and digital transformation. Notably, he played a key role in developing the Swish brand. Additionally, he has experience leading creative teams and projects focused on strategic communication and brand development. David's combination of entrepreneurial experience, analytical expertise, and solid knowledge in brand building will strengthen Safello's management team. As CMO, David Leeb will be responsible for further solidifying Safello's position as a leading player in the market. Announcement • Dec 10
Safello Group AB (Publ) Announces Stepping Down of Arjun Shah as Chief Marketing Officer, Effective 18 December, 2024 Safello announced a change in the company's management team. Arjun Shah, who joined in October as Chief Marketing Officer (CMO), and Safello have agreed that he will be stepping down from his role. Arjun's last day with the company will be 18 December, 2024. Announcement • Oct 15
Safello Appoints Arjun Shah as Chief Marketing Officer Safello appointed Arjun Shah as its new Chief Marketing Officer. Arjun brings a wealth of experience from the fintech, crypto, and gaming industries. As Chief Marketing Officer at Zimpler, a Swedish open-banking payments company, he was instrumental in driving significant brand growth. Arjun also played a key role in shaping global marketing strategies at Electronic Arts, fuelling the success of some of the world's biggest gaming franchises. Most recently, he led Brand & Marketing at ZEBEDEE, a Bitcoin-based payments platform at the intersection of gaming and crypto. Arjun's extensive experience in driving brand growth and developing marketing strategies within high-growth technology companies will be instrumental as Safello continues to strengthen its position as a market leading crypto exchange within the Nordics and beyond. Announcement • Sep 24
Safello Launches Recurring Savings Feature for Crypto Safello is launching Auto-Save, a new feature enabling automated cryptocurrency investments. Auto-Save is a strategic launch aimed at strengthening Safello's revenue base through recurring crypto purchases, while reducing customers' transaction costs and enhancing long-term customer loyalty. The Auto-Save recurring buy feature allows users to customize their purchases by selecting the amount, frequency, and which cryptocurrencies they want to invest in, with support for both SEK and EUR. The feature also reduces the fee per purchase to 0.49%, saving both time and money for long-term investors. This new feature is an important step in Safello's ongoing ambition to simplify and streamline cryptocurrency investments for customers in the Nordics and Europe. Announcement • Jun 08
Safello Group AB (Publ) Announces Executive Changes Safello appointed Lukasz Chachurski to the role of Chief Technology Officer (CTO). The recruitment significantly strengthens the company's technical expertise, and Lukasz will be part of the company's management team. Lukasz Chachurski has extensive experience in the crypto and tech industries and comes most recently from the gig platform company Appjobs, where he served as CTO for over six years. Lukasz holds a bachelor's degree in computer science and has a background as a software developer, specializing in data storage and leading the development of innovative technological solutions. He also has substantial experience in leading development teams, including remote teams, which will be a valuable asset in Safello's continued growth journey. At Safello, Lukasz will be responsible for leading the work of developing, maintaining, and strengthening Safello's technical platform and products. Lukasz will assume his new role on June 17. During the fall, Niklas Dusenlund will leave his position as Head of Engineering. Announcement • May 09
Safello Adds Two More Cryptocurrencies to Its Portfolio: Litecoin and Bitcoin Cash Safello is adding two more cryptocurrencies to its portfolio: Litecoin (LTC) and Bitcoin Cash (BCH). In selecting these currencies, Safello has followed strict guidelines within the framework of the company's product governance, considering factors such as liquidity, traceability on the blockchain, and for how long the product has been available in the market. Announcement • May 03
Safello Adds Three More Cryptocurrencies to Its Portfolio Safello is adding three more cryptocurrencies to its portfolio: Aave (AAVE), Fantom (FTM), and Compound (COMP). With this, Safello becomes the first Swedish cryptocurrency exchange to offer these cryptocurrencies to its customers. In selecting these currencies, Safello has followed strict guidelines within the framework of the company's product governance, considering factors such as liquidity, traceability on the blockchain, and for how long the product has been available in the market. Announcement • Apr 25
Safello Adds Three More Cryptocurrencies to Its Portfolio Safello is adding three more cryptocurrencies to its portfolio: Dogecoin (DOGE), Maker (MKR), and The Sandbox (SAND). With this, the company becomes the first Swedish cryptocurrency exchange to offer the latter two cryptocurrencies to its customers. In selecting these currencies, the company has followed strict guidelines within the framework of the company's product governance, considering factors such as liquidity, traceability on the blockchain, and for how long the product has been available in the market. The cryptocurrencies are available for trading from 24 April 2024 via safello.com and in the company’s mobile application for iOS and Android. Announcement • Apr 17
Safello Group AB (publ) Provides Preliminary Earnings Guidance for the First Quarter of 2024 Safello Group AB (publ) provided preliminary earnings guidance for the first quarter of 2024. The company's preliminary operating profit of SEK 4.7 million, representing an increase of 58% compared to First Quarter 2023 and 103% compared to Fourth Quarter 2023 respectively. The net turnover during the first quarter of 2024 amounted to approximately SEK 193.1 million, corresponding to an increase of 40% compared to First Quarter 2023 and 12% compared to Fourth Quarter 2023 respectively. Announcement • Apr 11
Safello Adds Three New Cryptocurrencies to its Portfolio, Solana (SOL), Cardano (ADA), and NEAR Protocol (NEAR) Safello is adding three new cryptocurrencies to its portfolio: Solana (SOL), Cardano (ADA), and NEAR Protocol (NEAR). With this, Safello becomes the first Swedish cryptocurrency exchange to offer NEAR, a so-called "layer 1" blockchain platform, to its customers. The newly added cryptocurrencies have been long requested by Safello's customers. In selecting these currencies, Safello has followed strict guidelines within the framework of the company's product governance, considering factors such as liquidity, traceability on the blockchain, and for how long the product has been available in the market. The cryptocurrencies are available for trading from 10 April, 2024 via company website and in Safello's mobile application for iOS and Android. Announcement • Mar 15
Safello Launches New Crypto Trading Feature with A 0.49% Fee Safello is launching a new feature for trading between cryptocurrencies. The feature, called "swapping", allows users to exchange ("swap") one cryptocurrency for another directly in the mobile application, without the need to involve fiat currencies (regular money) in the transaction. Swapping creates a smoother user experience with greater flexibility. Safello's customers will benefit from the service as it improves the trading experience and makes it easy to smoothly enter and exit their crypto positions at all times. The ability to trade between cryptocurrencies enables investors to quickly reallocate their crypto portfolios dynamically. The procedure of having to exchange crypto to SEK or EUR before a cryptocurrency transaction can be carried out is eliminated, which contributes to increased flexibility. Moreover, swapping enables a lower trading fee, which Safello is introducing with the launch of swapping. The price for swapping transactions on Safello's platform is a fixed fee of 0.99% of the transaction amount. In connection with the launch, Safello is offering a fee of 0.49% for the first three months. The trading pairs currently offered for swapping on Safello are: ALGO-BTC, BTC-USDC, ETH-BTC, ETH-USDC, LINK-BTC, and UNI-BTC. More trading pairs will be added on an ongoing basis. Initially, swapping will only be available in the mobile application. Announcement • Jan 30
Safello Launches Swish Payouts Safello, launches Swish as a payout method and by that significantly improves the process for payments when executing sell orders. On November 1, Safello announced that the company had entered into an agreement with a Swedish bank regarding Swish. On January 30, 2024, the company is launching the feature to execute a sales order and receive the payment via Swish. The payout process is improved from the previous one using bank transfers, which meant that the transfer took at least one banking day. The new Swish feature significantly improves the payout process on Safello's platform. All sales orders up to SEK 150,000 that customers execute will be paid out approximately three times faster compared to before.