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TalkPool AG: Year-end report Q4 2024

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CHUR, Switzerland, March 14, 2025 /PRNewswire/ — The network technology service provider Talkpool presents another year of stable financial results. The company has reduced to the MAX while preparing for growth. 

This is a summary of Talkpool’s interim financial results for 24Q4 and the calendar year 2024. The full 13-page report is available on Published Financial Reports & Filings – Talkpool.

THE FOURTH QUARTER OF 2024 IN BRIEF (OCT 1ST – DEC 31ST 2024)

Net sales of EUR 3 970 thousand (compared to EUR 4 538 thousand in Q4 2023)EBITDA of EUR 425 thousand (848) and EBITDA margin of 10.7% (18.7%)EBIT of EUR 378 thousand (791) and EBIT margin of 9.5% (17.0%)Net Earnings After Tax of EUR 406 thousand (247) and net EAT margin of 10.2% (5.4 %)THE YEAR 2024 IN BRIEF (JAN 1ST – DEC 31ST 2024)Net sales amounted to EUR 15 757 thousand (compared to EUR 15 607 in 2024)EBITDA of EUR 1 753 thousand (1 980) and EBITDA margin of 11.1% (12.7%)EBIT of EUR 1 576 thousand (1 806) and EBIT margin of 10.0% (11.6%)Net Earnings After Tax of EUR 869 thousand (788) and EAT margin 5.5% (5.05%)

OCTOBER – DECEMBER KEY DEVELOPMENTS

The year ended with a stable performance in line with the “reduce to the MAX” motto. More conservative accounting practices were applied throughout the year 2024. The operational performance and profitability increased during the last months of the year.           The German business had a slow ending of the year after very good performance in the first 9 months of 2024. The Swiss company and Pakistani company showed strong performance during October to December of 2024.          Talkpool is returning to its telecom network services roots, building upon its legacy of bringing communication technology to diverse regions worldwide. The company has delayed publishing its new strategy as it continues to thoroughly evaluate strategic opportunities.           Moving forward, Talkpool’s primary focus is to grow and strengthen its companies in Germany, Switzerland, and Pakistan. This growth trajectory will be accelerated through the implementation of cutting-edge technology tools powered by artificial intelligence, enabling more efficient service delivery and expanded market reach.

This report contains insider information that Talkpool AG is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication at 08:30 o’clock Central European Time on Friday the 14th of March 2025.

This is Talkpool

Talkpool works behind the scenes to plan, build and improve large communication networks. Competence includes implementation of new technology including hardware, software, project management and human resources management. The company partners with Original Equipment Manufacturers to distribute, integrate and maintain technology that enhances telecommunication infrastructure.

Talkpool has global geographical reach and experience. The business has three main companies:          

Germany: Fixed network planning of fibre and Copper technology performed by 40 staffSwitzerland: One large Operation and Maintenance project of a complete mobile and fixed network in the Caribbean performed by approx. 400 staffPakistan: Market leader with 45 projects to plan, implement, integrate, optimize and refurbish telecom sites performed by approximately 1 000 employees

Talkpool also owns businesses in the USA, Saudi Arabia and Sweden. The company is traded in Stockholm (Nasdaq First North) and Frankfurt (Deutsche Börse) with ISIN CH0322161768. The business has Swedish roots, is majority-owned by Swedish shareholders and managed by a Swedish team. A streamlined and efficient business is now emerging after a turnaround period that has taken several years.

Management Comments

Artificial intelligence (AI) is rapidly surpassing human capabilities across numerous domains. While many telecommunications network operations are still in the early stages of this technological transformation, Talkpool is strategically positioning itself to harness the full potential of AI tools. By automating repetitive tasks currently performed by humans and optimizing use of infrastructure, Talkpool aims to drive efficiency, reduce costs, and deliver superior network performance for its clients.

Talkpool followed the motto “reduce to the MAX” in 2024 – keeping costs low while maximizing future opportunities. Additional resources have been allocated to sales and business development without increasing the cost base.

Germany has during 2024 developed into Talkpool’s most important market. The German work volumes in the fourth quarter were however lower than previously, and accounting practices were further tightened.

The Swiss company continued to overperform based on operational profits from its Operation and Maintenance project in the Caribbean and low headquarter costs.

The business in Pakistan is going through big changes. An effort to export remote services and technology from Pakistan has been initiated. Pakistan has been in a crisis, but the business ended 2024 with a positive trend.

The TALK share price (ISIN CH0322161768) dived from just below SEK 8.0 (€0.62) per share in early October 2024 to SEK 6.3 (€0.45) at the end of the year, only to return to just below SEK 8.0 (€0.62) at the time of writing this text.

Beginning of the year 2025

The business has started the new year as stable as it finished 2024. After 8 years of absence, Talkpool visited the world’s largest wireless show #MWC25 in Barcelona and signed two separate contracts for Artificial Intelligence tools. New sales managers have been hired while efforts to minimize costs continue.

Business development activities have increased in Talkpool’s Miami office. Promising negotiations with optical fiber network operators are undergoing and a network services trial is evaluated in the USA.

Talkpool is considering re-entering the Swedish market to meet new demands for secure mobile communication technology.

Looking ahead, Talkpool is planning to accelerate growth while continuing to focus on cashflow and profit margins.

Despite economic uncertainties, demand for Talkpool’s services remains resilient, with clients increasingly turning to innovation as a response to challenging market conditions. In this turbulent global landscape, Talkpool has established itself as a trusted anchor, providing stability and forward-thinking solutions when clients need them most.

Financial development

KEY FIGURES

Q4 2024

Q4 2023

FY 2024

FY 2023

Sales, € thousand

3’970

4’538

15’757

15’607

Sales growth in %

-12.5 %

-33.3 %

1.0 %

-38.8 %

Gross profit, € thousand

1’082

964

4’246

3’822

Gross margin

27.2 %

21.2 %

26.9 %

24.5 %

EBITDA, € thousand

425

848

1’753

1’980

EBITDA margin

10.7 %

18.7 %

11.1 %

12.7 %

EBIT, € thousand

378

791

1’576

1’806

EBIT margin

9.5 %

17 %

10.0 %

11.6 %

The annual revenue for 2024 remained in line with 2023 levels, with a small increase to EUR 15.8 million in 2024 from EUR 15.6 million in the previous year.

The gross margin throughout 2024 remained stable at an average just below 27%. The Gross Margin in 2024 was approximately 2.5% higher than in the previous year.

Profit Margins per Quarter

24Q4

24Q3

24Q2

24Q1

Revenue [EUR million]

4.0

4.1

3.7

4.0

Gross Margin

27.2 %

26.7 %

27.3 %

26.6 %

EBITDA

10.7 %

12.9 %

10.1 %

10.9 %

EBIT

9.5 %

11.9 %

8.9 %

9.8 %

EAT

10.2 %

3.8 %

4.1 %

4.2 %

Financial position and cash flow

KEY FIGURES

Q4 2024

Q4 2023

FY 2024

FY 2023

Equity ratio

17.4 %

2.5 %

17.4 %

1.4 %

Return on equity

45.3 %

1070 %

97.6 %

-1’450%

Net cash/debt, € thousand

-786

-2’071

-786

-2’071

Operating cash flow, € thousand

490

-757

1’433

-32

[EUR]

The consolidated balance sheet continued to strengthen, with an increasingly positive net debt trend. The Total interest-bearing liabilities declined due to ongoing loan amortization. The long-term loans, marked with green color as “non-current interest-bearing liabilities” in the graph above, have almost been reduced in half from 1’339 thousand to EUR 690 thousand.

The Net Debt of EUR 786 thousand is calculated by deducting Total Debt from the Cash and Cash Equivalents. For Talkpool at the end of 2024, the Net Cash amounted to 1.408m€ cash – 1.504m€ current liabilities – 690k€ long-term liabilities = -786 thousand. The net debt will be reduced by approximately EUR 450 thousand after validating the conversion of shares decided in 2024 and executed in 2025. If the current trend continues, Talkpool will reach zero net debt in the beginning of the year 2025.

EQUITY

The Total equity increased throughout 2024, reaching EUR 1 044 thousand by year-end. Talkpool is since 2016 using an unusual accounting practice, whereby goodwill is discounted from equity. This accounting method has led to drastically reduced equity levels. Equity cannot be negative when applying standard accounting practices, but Talkpool has during many years had a negative equity amounting to several million Euros. Equity incl. minority interest has recovered from negative EUR 1 156 136 at the end of 2022 to a positive equity of EUR 89 871 at the end of 2023 to (positive) EUR 1 044 487 at the end of 2024.

Talkpool has improved its Equity Ratio (=Total Shareholders’ Equity / Total Assets) to 17.4% in 2024. This is a low Equity Ratio for an established service company. The main reason for the low Equity Ratio is Talkpool’s unusual way of discounting goodwill from equity.

Return on Equity (ROE) measures how efficiently a company generates profits from its shareholders’ investments. ROE is calculated as Net Income / Average Equity for the year. A Return of Equity of over 30% is considered as extremely high. This is however distorted in a similar way as described above.

CASH-FLOW AND INVESTMENTS

OCT 1ST – DEC 31ST 2024

Operating cash flow amounted to EUR 490 thousand, a significant improvement compared to the negative EUR 757 thousand recorded in Q4 2023. Strong cashflow will be a key priority in Talkpool’s new strategy.

Working capital reached EUR 231 thousand in Q4 2024, compared to negative EUR 687 thousand in the same period last year.

JAN 1ST – DEC 31ST 2024

Operating cash flow totaled EUR 1 433 thousand for the full year 2024. This is a big improvement compared to previous years. No major extraordinary events occurred and the OCF trend was positive. Despite amortizing loans, Talkpool had more cash at the end of the year than it had at the beginning of 2024.

Talkpool has now reached a healthy level of cashflow generation and intends to intensely continue focusing on cashflow generation. Operating cash flow (OCF) for service companies varies by industry segment, size, and business model, but there are some general benchmarks. For healthy service companies, operating cash flow typically ranges from 8% to 20% of revenue, and this can be compared to Talkpool’s OCF of 9.1% for 2024 and 12.3% for the last quarter.

SIGNIFICANT EVENTS AFTER THE PERIOD

Bonds were converted in September 2024. The resulting capital increase will be completed in the first half year 2025. In this report, we’ve assumed that the validation day for the conversion will be in 2025.

AUDITOR’S REVIEW

The company’s auditors have not audited this report.

CONSOLIDATED INCOME STATEMENT

Oct – Dec

      Jan-Dec

EUR

2024

2023

2024

2023

Net revenue from goods and services

3’970’165

4’538’192

15’756’871

15’606’987

Cost of sales

-2’888’552

-3’574’149

-11’510’760

-11’784’690

Gross profit

1’081’613

964’043

4’246’111

3’822’297

Selling expenses

-85’976

-85’655

-307’979

-352’004

Administrative expenses

-648’808

-791’434

-2’442’611

-2’436’185

Other operating income & expenses

31’353

704’533

80’910

771’947

Operating result

378’181

791’488

1’576’431

1’806’056

Financial net

65’121

-421’083

-118’870

-486’773

Profit before income taxes

443’303

370’404

1’457’561

1’319’282

Income taxes

-37’564

-123’656

-588’671

-531’090

Net profit

405’739

246’749

868’890

788’193

Net income attributable to:

Stockholders of the parent company

399’339

231’549

859’727

790’705

Minority interests

6’400

15’200

9’162

-2’512

Other information

Average number of shares

6’778’097

6’778’097

6’778’097

6’778’097

Earnings per share (no dilutive effects)

0.06

0.03

0.13

0.12

Number of shares, end of period

6’778’097

6’778’097

6’778’097

6’778’097

Earnings per share (no dilutive effects)

0.06

0.03

0.13

0.12

CONSOLIDATED BALANCE SHEET

EUR

December 31
                                    2024

December 31
                                    2023

ASSETS

Current assets

Cash

1’407’778

1’035’045

Trade receivables

826’186

1’550’295

Other current receivables

1’240’347

1’187’972

Inventories and unvoiced services

1’200’340

1’168’190

Prepaid expenses and accrued income

123’533

70’719

Total current assets

4’798’184

5’012’221

Non-current assets

Other financial assets

2’066

6’759

Investments in associates and financial assets

486’268

501’589

Intangible assets

88’437

116’453

Property, plant and equipment

611’927

605’917

Total non-current assets

1’188’698

1’230’718

TOTAL ASSETS

5’986’882

6’242’939

LIABILITIES AND EQUITY

Current liabilities

Trade payables

922’007

1’180’967

Current interest-bearing liabilities

1’503’735

1’766’856

Other current liabilities

397’901

415’781

Accrued expenses and deferred income

1’392’177

1’359’253

Total current liabilities

4’215’820

4’722’587

Non-current liabilities

Non-current interest-bearing liabilities

690’434

1’338’765

Provision

36’141

91’716

Total non-current liabilities

726’575

1’430’480

Total liabilities

4’942’395

6’153’067

Equity

Stockholders’ equity

881’002

-54’540

Minority interest in equity of subsidiaries

163’485

144’411

Total equity

1’044’487

89’871

TOTAL LIABILITIES AND EQUITY

5’986’882

6’242’939

As per 31 December 2016, goodwill acquired is no longer capitalized and depreciated,
but offset against equity.

For further information:

Magnus Sparrholm, Interim CEO 
Telephone: +41 79 758 15 48
magnus.sparrholm@talkpool.com

Erika Loretz, Accounting & Finance Manager 
Telephone: +41 79 333 59 71
erika.loretz@talkpool.com

Talkpool

Gäuggelistrasse 7 Telephone: +41 81 250 20 20 
CH-7000 Chur Mail: info@talkpool.com 
Switzerland Web: www.talkpool.com 

FINANCIAL CALENDAR

Annual Report 2024

25 April 2025

Interim Report January – March 2025

15 May 2025

Annual Shareholder’s Meeting

10 June 2025

Interim Report January – June 2025

8 Aug 2025

Interim Report January – September 2025

14 Nov 2025

Year End Report January – December 2025

27 Mar 2026

CERTIFIED ADVISOR

G&W Fondkommission

This disclosure contains information that TalkPool AG is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 14-03-2025 08:30 CET.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/talkpool-ag/r/year-end-report-q4-2024,c4118875

The following files are available for download:

https://mb.cision.com/Main/14365/4118875/3320957.pdf

TalkPool Interim Report Q4 2024 FINAL

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Bossjob Partners with Top Universities to Help Graduates Kickstart Their Careers

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MANILA, Philippines, March 27, 2025 /PRNewswire/ — The number of college graduates in the Philippines is projected to reach 600,000 to 700,000 by 2025, intensifying competition in an already challenging job market. Recognizing the urgent need to bridge the gap between education and employment, Bossjob is taking proactive steps to empower fresh graduates. Through strategic partnerships with top universities across the country, Bossjob hosts career talks, job fairs, and other initiatives designed to connect graduates with the right opportunities. By providing a precise and accessible job search platform, Bossjob is committed to equipping young professionals with the tools they need to launch successful careers.

Build a bridge between universities and enterprises to help talents and enterprises accurately connect

As one of the leading platforms that actively focus on the Philippines’ career development, Bossjob has been actively collaborating with top universities and government agencies to bridge the gap between education and employment. Since the beginning of the year, Bossjob has successfully organized over ten career development events, including career dialogues, job fairs, and career lectures, offering graduates comprehensive career support. By leveraging university resources, these initiatives not only provide a precise job-matching platform but also equip students with essential coaching in job search strategies, career planning, and interview skills, ensuring a seamless transition into the workforce.

At career fairs hosted by institutions like Mapúa University and the University of the Philippines, Bossjob established dedicated booths that attracted a significant number of graduates and alumni seeking career guidance. Through the platform, students and young professionals can create personalized career profiles and receive tailored job recommendations based on their skills, interests, and career aspirations—helping them take confident steps toward their professional goals.

Bossjob continues to expand its impact by actively participating in job fairs organized by the Public Employment Service Office (PESO) across various municipalities, including Muntinlupa, Parañaque, Antipolo, and Pasay. These events have created valuable employment opportunities for local job seekers. As an exhibitor, Bossjob not only assists candidates in building personalized career profiles but also connects them with job opportunities that align with their skills and aspirations.

Further strengthening its commitment to career empowerment, Bossjob has launched the “Like a Boss” webinar series, featuring industry experts who provide practical job search strategies and career development insights. These free sessions equip college graduates and young professionals with essential skills, helping them stand out in a competitive job market and advance their professional journeys with confidence.

Focusing on women’s employment and promoting workplace equality and diversity

Bossjob’s initiatives go beyond providing career resources for graduates—they also champion workplace diversity and gender equality. Recognizing the challenges women face in employment, Bossjob is committed to fostering an inclusive job market that drives sustainable development in the Philippines.

According to Labor Force Statistical Data from the Philippine Statistics Authority (PSA), while more Filipino women are earning university degrees, their employment rates remain lower than those of men, who continue to dominate the workforce.

In response, Bossjob marked Women’s Month in March by partnering with PESO in Pasay and Malabon to host job fairs focused on female employment. The Pasay event alone attracted over 600 job seekers, with women making up more than 60% of the attendees. Beyond offering diverse job opportunities, these events provided one-on-one career guidance, empowering women to break into traditionally male-dominated industries and advance workplace gender equality.

Bossjob CEO Anthony said, “Career development is not just about finding a job, but also an important way to achieve personal value and social progress. In the future, Bossjob will continue to provide comprehensive career support for job seekers, not only deepening cooperation with universities to provide career development support for more graduates, but also creating more equal opportunities for female job seekers and promoting sustainable development of Philippine society.”

Photo Links: https://drive.google.com/drive/folders/1moVBhVPcJEroBGChZTDbAU7MtO7g2t3D?usp=drive_link 

 

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Genomize and Genomenon Partner to Empower Researchers and Clinicians with Comprehensive Genomic Insights

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Integration of Mastermind and Cancer Knowledgebase (CKB) Data To Drive Unprecedented Efficiency in Genomic Data Analysis

ISTANBUL and ANN ARBOR, Mich., March 27, 2025 /PRNewswire-PRWeb/ — Genomize, a leader in high-end digital solutions for bioinformatics analysis of next-generation sequencing (NGS) data, and Genomenon, a leading genomic intelligence company, today announced their partnership to integrate data from Mastermind Genomic Intelligence Platform and Cancer Knowledge Base (CKB) into the Genomize’s SEQ Platform. This collaboration will enable Genomize to incorporate both germline and somatic curated data from Genomenon, setting a new benchmark for comprehensive genomic interpretation.

“By partnering with Genomize, we’re expanding access to our curated genomic data, reaching a wider audience, including organizations in the Europe, Middle East, and Asia through Genomize’s operations,” said Mike Klein, CEO of Genomenon.

The integration of Mastermind and CKB into Genomize’s workflow enhances the SEQ Platform’s ability to deliver rapid, precise, and actionable insights for researchers and clinicians. Mastermind offers an unparalleled genomic literature database, while CKB provides expertly curated somatic variant evidence. Together, they will empower Genomize users with a holistic view of genomic data, bridging the gap between research and clinical applications.

“We are thrilled to partner with Genomenon to integrate both Mastermind and CKB into our platform,” said Erşen Kavak, CEO of Genomize. “This collaboration reinforces our commitment to providing the most comprehensive and accurate genomic insights, ultimately improving patient outcomes and advancing precision medicine.”

“By partnering with Genomize, we’re expanding access to our curated genomic data, reaching a wider audience, including organizations in the Europe, Middle East, and Asia through Genomize’s operations,” said Mike Klein, CEO of Genomenon. “The integration will ensure that their users have access to the most complete and up-to-date genomic insights available, facilitating more informed decision-making in both research and clinical settings.”

This strategic partnership aligns with both companies’ missions to streamline genomic analysis by delivering cutting-edge solutions that accelerate discoveries and clinical decision-making. By leveraging Genomenon’s powerful datasets, Genomize users will gain access to deeper variant interpretation capabilities, driving innovation in personalized medicine.

About Genomize

Genomize creates innovative, high-end digital solutions for bioinformatics analysis of NGS data. With a commitment to accuracy, efficiency, and accessibility, Genomize empowers researchers and clinicians with state-of-the-art tools to decode the complexities of genetic information.

Genomize’s SEQ Platform is a cloud-based, CE-IVD-certified, GDPR-compliant variant annotation tool designed to deliver fast and reliable diagnoses. With its AI-assisted Variant Prioritization and intuitive, easy-to-use user interface, the SEQ Platform allows users to perform long-read, whole genome, and whole exome sequencing analyses starting from FASTQ, VCF, or gVCF formats.

About Genomenon

Genomenon is a leading genomic intelligence company transforming patient care by uncovering the genomic drivers of genetic disease and cancer. By combining the power of AI built on the world’s premier genomic data set with genomic expertise, the company simplifies complex genetic data into actionable insights. Genomenon’s integrated software, data, and services solutions empower clients with advanced patient diagnosis and precision medicine development.

Media Contacts:

Genomenon:
Colleen McMillen
cmcmillen@genomenon.com

Genomize:
Ahmet Can Turkoglu
ahmetcan@genomize.com

Media Contact

Colleen McMillen, https://www.genomenon.com, 9173449360, cmcmillen@genomenon.com, https://www.genomenon.com

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Yiren Digital Partners with klikUMKM to Deliver AI-Driven Financial Solutions Across Indonesia

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BEIJING, March 27, 2025 /PRNewswire/ — Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital”), an AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, today announced the formation of a strategic joint venture (the “JV”) with PT. Pinjaman Kemakmuran Rakyat (“klikUMKM”) and PT. Artha Digital Investama, member of Artha Graha Network (altogether “AG Network”).  AG Network is a leading Indonesian conglomerate with businesses in finance, retail, agriculture, telecommunications, and manufacturing. The partnership combines Yiren Digital’s cutting-edge financial technology expertise and AG Network’s deep local market knowledge to develop innovative digital solutions, addressing the growing demand for accessible financial services and inclusive finance in Southeast Asia’s largest economy.

Under the collaboration, Yiren Digital will integrate its AI-driven capabilities and proprietary technologies into the JV’s operations, including advanced risk management algorithms, automated customer service platforms, and data-driven marketing solutions. The technological foundation will enable the platform to scale efficiently and deliver secure, customer-centric financial services tailored to the Indonesian market.

The JV will also capitalize on AG Network’s established local market presence and regulatory expertise, which includes compliance with local regulatory requirements and a nuanced understanding of domestic market dynamics. AG Network’s support is expected to expedite regulatory approvals and ensure swift market entry for the JV.

The JV is expected to commence operation in the second half of 2025.

Beyond the JV, the partnership aims to explore additional technology collaborations, supporting AG Network’s broader digital transformation initiatives across its diverse business portfolio.

Mr. Ning Tang, Chairman and CEO of Yiren Digital, commented: “The partnership with AG Network marks a significant milestone in our international expansion strategy. It underscores our AI capabilities in credit financing and our ability to deploy these technologies at scale. I am confident that this collaboration will drive financial and technological innovation in Indonesia’s market of 281 million people, fostering greater financial inclusion.”

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “target,” “confident” and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond Yiren Digital’s control. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to Yiren Digital’s ability to attract and retain borrowers and investors on its marketplace, its ability to introduce new loan products and platform enhancements, its ability to compete effectively, PRC regulations and policies relating to the peer-to-peer lending service industry in China, general economic conditions in China, and Yiren Digital’s ability to meet the standards necessary to maintain the listing of its ADSs on the NYSE or other stock exchange, including its ability to cure any non-compliance with the NYSE’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in Yiren Digital’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Yiren Digital does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About Yiren Digital

Yiren Digital Ltd. is an advanced, AI-powered platform providing a comprehensive suite of financial and lifestyle services in China. Our mission is to elevate customers’ financial well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle services. We support clients at various growth stages, addressing financing needs arising from consumption and production activities, while aiming to augment the overall well-being and security of individuals, families, and businesses.

About Artha Graha Network 

Headquartered in South Jakarta, Artha Graha Network is a leading Indonesian conglomerate with business spanning financial services, real estate development, retail management, agriculture and telecommunication. Artha Graha Network provides innovative, sustainable finance solutions and banking services, driven by digital innovation and a commitment to financial inclusion.

 

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