Datum Källa Rubrik Typ Alternativ
2024-04-17 Penser Future by Carnegie Penser Future by Carnegie: Sileon - Tecknar sitt första avtal med en bank Pressreleaser Visa Stäng
2024-04-15 Sileon Sileon AB: SILEON INGÅR AVTAL MED MEXIKANSKA BANKEN BANKAOOL Pressreleaser Ladda ner | Visa Stäng
2024-04-15 Sileon Sileon AB: SILEON SIGN AGREEMENT WITH MEXICAN BANK BANKAOOL Pressreleaser Ladda ner | Visa Stäng
2024-03-28 Sileon Sileon AB: SILEON PUBLICERAR ÅRSREDOVISNING FÖR 2023 Pressreleaser Ladda ner | Visa Stäng
2024-03-20 Sileon Sileon AB: NOTICE TO ATTEND THE ANNUAL GENERAL MEETING IN SILEON AB (PUBL) Pressreleaser Ladda ner | Visa Stäng
2024-03-20 Sileon Sileon AB: KALLELSE TILL ÅRSSTÄMMA I SILEON AB (PUBL) Pressreleaser Ladda ner | Visa Stäng
2024-02-19 Penser Future by Carnegie Penser Future by Carnegie: Sileon - Uppförhandlat befintliga avtal och minskar kostnaderna Pressreleaser Visa Stäng
2024-02-16 Sileon Sileon AB: DELÅRSRAPPORT JANUARI - DECEMBER 2023 Rapporter Ladda ner | Visa Stäng
2024-02-16 Sileon Sileon AB: INTERIM REPORT, JANUARY - DECEMBER 2023 Rapporter Ladda ner | Visa Stäng
2023-12-04 Sileon Sileon AB: Nytt kundavtal etablerar Sileons BNPL SaaS-plattform i utvecklingsländer Pressreleaser Ladda ner | Visa Stäng
2023-12-04 Sileon Sileon AB: New customer agreement establishes Sileon's BNPL SaaS platform in emerging markets Pressreleaser Ladda ner | Visa Stäng
2023-11-30 Sileon Sileon AB: Sileon changes Certified Adviser to Carnegie Investment Bank AB (publ) Pressreleaser Ladda ner | Visa Stäng
2023-11-30 Sileon Sileon AB: Sileon byter Certified Adviser till Carnegie Investment Bank AB (publ) Pressreleaser Ladda ner | Visa Stäng
2023-11-20 Penser Future Penser Future: Fortsätter att utvecklas operativt bra - Sileon Pressreleaser Visa Stäng
2023-11-17 Sileon Sileon AB: DELÅRSRAPPORT JANUARI - SEPTEMBER 2023 Rapporter Ladda ner | Visa Stäng
2023-11-17 Sileon Sileon AB: INTERIM REPORT, JANUARY - SEPTEMBER 2023 Rapporter Ladda ner | Visa Stäng
Rapporter | 17 Nov 2023 | Sileon

Sileon AB: INTERIM REPORT, JANUARY – SEPTEMBER 2023

The figures refer to the Group unless otherwise stated. Figures in parentheses refer to the corresponding period of 2022 unless otherwise stated.

THIRD QUARTER 2023

  • Revenues decreased to SEK 9.7 M (18.3).
  • Earnings before depreciation and amortization (EBITDA) amounted to SEK -8.6 M (0.2).
  • Earnings before interest and taxes (EBIT) amounted to SEK -14.1 M (-4.6).
  • Bringing loss for the period to SEK -14.5 M (-4.8).
  • Loss per share -0.43 (-0.14).

SIGNIFICANT EVENTS IN THE THIRD QUARTER

  • Sileon resolves on a fully secured rights issue of approximately SEK 33.8 million

  • Sileon expands product line and opens a Trial Account for self-onboarding

  • Sileon publishes prospectus in connection with the upcoming rights issue

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • Sileon announces final outcome in Rights Issue

  • The rights issue has been registered and trading in Paid Subscribed Shares ceases

CEO letter

A growing pipeline and new customer agreements before the end of the year

The interest in adding BNPL functionality to cards is increasing, and we are now in advanced dialogues with around 40 large and medium-sized international banks. Given the status of ongoing business dialogues, I expect a few customer dialogues to materialize into contracts already before the end of 2023. A typical BNPL SaaS contract with a major customer means between 1.5-3M Euro annual turnover with approximately 85% margin, which means that only a few new customers can significantly impact the company in this phase.

Sileon – a leader in BNPL niche

Apple’s BNPL entry further intensifies banks’ need to act on BNPL. Banks have few choices on how to approach BNPL strategically. They can either launch a check-out and thus enter the battle in e-commerce or establish a BNPL payment method that needs to be integrated into various PSPs and POS systems. Sileon enables banks to avoid all these technical and business complexities by enabling BNPL functionality on existing credit and debit cards. What makes Sileon unique is that our product and SaaS technology enables banks to offer BNPL through already existing technology and established customer relationships. During the year, Sileon has been established as one of a handful of tech companies that runs an international industry within this particular BNPL niche. With a finished product that meets the banks’ needs, we are strongly positioned for growth in an international market.

Sileon increases the bank’s BNPL conversion

To further facilitate banks, the company will in 2024 launch an additional Solution module called Smart BNPL. Smart BNPL will complement the BNPL SaaS Platform and enable banks to offer BNPL with a focus on responsible lending and increased conversion. This is done by allowing Sileon’s customers to easily enable or disable BNPL for transactions made with specific merchants, industries, amounts or customer segments.

The trend breaks in Q4

As communicated in the previous quarter, quarter three is also burdened by the transformation from a payment company to a BNPL SaaS company. Reduced income from non-strategic and thus terminated customers, while revenue from the SaaS business has not yet increased, burdens the quarter result and cash flow. However, the trend will break in Q4 and show a significantly improved cash flow. During the autumn, a rights issue of SEK 33.8M was carried out, which, given the prevailing climate on the capital market, can be considered a statement of strength regarding the owner’s and management’s confidence in Sileon’s future prospects. In connection with the rights issue, the company’s financial goals have been revised and added capital will now take the company all the way to positive cash flow and EBITDA in Q2 2024.

We enable your card-linked BNPL

David Larsson
November 2023

For more information, please contact:

David Larsson, CEO, Sileon AB
E-mail: david.larsson@sileon.com
Phone: +46 725 502 306

This information is such that Sileon AB (publ) is obligated to disclose under the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact persons set out above, on November 17[th] 2023 at 7:00 a.m. CET.

About Sileon

Sileon AB (publ) is a global fintech company that offers an innovative card-based Buy Now Pay Later (BNPL) SaaS functionality to banks, card issuers and fintechs. With Sileon’s BNPL product, customers can add BNPL to their existing credit or debit card base and run their B2B or B2C BNPL business in-house. Sileon operates in a fast-growing international market with an estimated transaction volume of $680 billion globally by 2025. Sileon is listed on the Nasdaq First North Growth Market and has approximately 50 employees at its headquarters in Stockholm, Sweden. The company’s Certified Adviser is Erik Penser Bank.

2023-10-13 Sileon Sileon AB: The rights issue has been registered and trading in Paid Subscribed Shares ceases Pressreleaser Ladda ner | Visa Stäng
2023-10-13 Sileon Sileon AB: Företrädesemissionen har registrerats och handel med BTA upphör Pressreleaser Ladda ner | Visa Stäng
2023-10-04 Sileon Sileon AB: Sileon offentliggör slutligt utfall i företrädesemission Pressreleaser Ladda ner | Visa Stäng
2023-10-04 Sileon Sileon AB: Sileon announces final outcome in Rights Issue Pressreleaser Ladda ner | Visa Stäng
2023-10-02 Sileon Sileon AB: Sileon offentliggör preliminärt utfall i företrädesemission Pressreleaser Ladda ner | Visa Stäng
2023-10-02 Sileon Sileon AB: Sileon Announces Preliminary Outcome in Rights Issue Pressreleaser Ladda ner | Visa Stäng
2023-09-13 Sileon Sileon AB: Sileon offentliggör prospekt med anledning av förestående företrädesemission Pressreleaser Ladda ner | Visa Stäng
2023-09-13 Sileon Sileon AB: Sileon publishes prospectus in connection with the upcoming rights issue Pressreleaser Ladda ner | Visa Stäng
2023-09-12 Sileon Sileon AB: Sileon utökar produktsortimentet och lanserar ett Trial Account för self-onboarding Pressreleaser Ladda ner | Visa Stäng
2023-09-12 Sileon Sileon AB: Sileon expands product line and opens a Trial Account for self-onboarding Pressreleaser Ladda ner | Visa Stäng
2023-09-07 Sileon Sileon AB: Sileon beslutar om fullt säkerställd företrädesemission om cirka 33,8 MSEK Pressreleaser Ladda ner | Visa Stäng
2023-09-07 Sileon Sileon AB: Sileon resolves on a fully secured rights issue of approximately SEK 33.8 million Pressreleaser Ladda ner | Visa Stäng
2023-08-25 Sileon Sileon AB: Sileon publishes revised financial targets Pressreleaser Ladda ner | Visa Stäng
2023-08-25 Sileon Sileon AB: Sileon offentliggör reviderade finansiella mål Pressreleaser Ladda ner | Visa Stäng
2023-08-18 Penser Future Penser Future: Ett kvartal fyllt med nyheter och utveckling - Sileon Pressreleaser Visa Stäng
2023-08-17 Sileon Sileon AB: DELÅRSRAPPORT JANUARI - JUNI 2023 Rapporter Ladda ner | Visa Stäng
2023-08-17 Sileon Sileon AB: INTERIM REPORT, JANUARY - JUNE 2023 Rapporter Ladda ner | Visa Stäng
2023-06-28 Penser Future Penser Future: Lanseringen av Solutions underlättar försäljningsarbetet - Sileon Pressreleaser Visa Stäng
2023-06-27 Sileon Sileon AB: Sileon launches BNPL Solution module ahead of schedule Pressreleaser Ladda ner | Visa Stäng
2023-06-27 Sileon Sileon AB: Sileon lanserar BNPL-funktionalitetsmodul tidigare än planerat Pressreleaser Ladda ner | Visa Stäng
2023-06-21 Penser Future Penser Future: Tekniken är nu live på OKQ8-stationer - Sileon Pressreleaser Visa Stäng
2023-06-20 Sileon Sileon AB: Sileon's BNPL technology is now live at OKQ8's stations Pressreleaser Ladda ner | Visa Stäng
2023-06-20 Sileon Sileon AB: Sileons BNPL-teknik är nu live på OKQ8s stationer Pressreleaser Ladda ner | Visa Stäng
2023-06-12 Penser Future Penser Future: Tecknar avtal med Sipay, en stor spansk betaltjänstleverantör - Sileon Pressreleaser Visa Stäng
2023-06-09 Sileon Sileon AB: Sileon tecknar avtal med spanska Sipay för att lansera BNPL i Spanien Pressreleaser Ladda ner | Visa Stäng
2023-06-08 Penser Future Penser Future: Gynnas av omställningen till mer digitala betalsätt - Sileon Pressreleaser Visa Stäng
2023-05-26 Sileon Sileon AB: Styrelseledamöterna Linus Singelman och Jenny Karlsson köper optioner i Sileon Pressreleaser Ladda ner | Visa Stäng
2023-05-26 Sileon Sileon AB: Board members Linus Singelman and Jenny Karlsson buy options in Sileon Pressreleaser Ladda ner | Visa Stäng
2023-05-03 Penser Future Penser Future: Utvecklingen går snabbare än väntat - Sileon Pressreleaser Visa Stäng
2023-05-02 Sileon Bulletin from Annual General Meeting in Sileon AB (publ) Pressreleaser Ladda ner | Visa Stäng
2023-05-02 Sileon Kommuniké från årsstämma i Sileon AB (publ) Pressreleaser Ladda ner | Visa Stäng
2023-05-02 Penser Future Penser Future: Ingår partnerskap med ledande aktör inom riskbedömning - Sileon Pressreleaser Visa Stäng
2023-05-02 Sileon Sileon AB: DELÅRSRAPPORT JANUARI - MARS 2023 Rapporter Ladda ner | Visa Stäng
2023-05-02 Sileon Sileon AB: INTERIM REPORT, JANUARY-MARCH 2023 Rapporter Ladda ner | Visa Stäng
2023-04-28 Sileon Sileon AB: Sileon enters partnership with Provenir Pressreleaser Ladda ner | Visa Stäng
2023-04-28 Sileon Sileon AB: Sileon ingår partnerskap med Provenir Pressreleaser Ladda ner | Visa Stäng
2023-04-27 Penser Future Penser Future: Intervju med Sileon - Erik Penser Bank - 26 april 2023 Pressreleaser Visa Stäng

Kommande händelser

23 Apr 2024 | Årsstämma 2023
23 Apr 2024 | Kvartalsrapport 2024-Q1
24 Apr 2024 | Årligutdelning