Safello has completed an extensive migration from Handelsbanken following the bank's termination of Safello's banking services. Safello's new bank is a Swedish bank authorized by the Swedish Financial Supervisory Authority.

The company's priority has been to carry out a seamless transition between the banks to avoid disruptions in Safello's trading system, customer experience, and payment flows. The company can now announce that the bank migration has been successfully completed.

"I am proud that Safello has successfully completed the bank migration without any interruptions for our customers while running the operations and product development in parallel. We are now ready and well-equipped for the next growth phase of the company with assured operational resilience and renewed financial infrastructure. Safello's focus going forward is to significantly improve the product for our customers and make it globally competitive," says Emelie Moritz, CEO of Safello.

It was on June 29, 2023, that Safello announced that Handelsbanken had chosen to terminate its business relationship with Safello, which meant that the bank would no longer provide bank accounts and related banking services to the company. The reason for the termination was stated as inadequate customer knowledge.

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For more information, please contact
Christian Ploog, press@safello.com

Certified Adviser
Amudova AB is Safello's certified adviser.

Safello is the leading cryptocurrency exchange in the Nordics, with over 347,000 users.  The company is empowering financial independence by making 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 Growth Market since 2021. For more information visit www.safello.com.