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Regulatory press release

SPARK Technology A/S to file for bankruptcy

Spenn Technology

19.3.2025 21:59:09 CET | SPARK Technology A/S | Company Announcement

Company Announcement No. 143

SPARK Technology A/S (under tvangsopløsning) in compulsory dissolution announces today that SPARK Technology A/S (under tvangsopløsning) has filed for bankruptcy.

For inquiries, please send an e-mail to attorney Bjarke Mogensen (DLA Piper Denmark), bjarke.mogensen@dk.dlapiper.com    

About SPARK Technology A/S

In a world where 1.7 billion people are still unbanked, SPARK Technology has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology the company has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform. Although SPARK Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.

The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has launched new integrated services in the platform and expects to launch more crypto services going forward.

SPARK Technology is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPARK Technology is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.

SPARK Technology A/S (under the name SPENN Technology) is listed on the Nasdaq First North Growth Market Denmark and on OTCQX in USA. 

Ticker codes:

Europe – Nasdaq First North: SPENN

USA – OTCQX: SPNNF

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