Cembra Money Bank AG
Cembra to acquire Byjuno to create a leading provider of invoice payment solutions in Switzerland

Ad hoc announcement pursuant to Art. 53 LR

• Cembra has agreed to acquire Byjuno, a major provider of invoice payment solutions in Switzerland, as a further step in expanding its embedded finance product suite and its buy now pay later business
• Cembra intends to combine Byjuno with its subdsidiary Swissbilling to create a leading provider for invoice payment solutions in Switzerland
• Purchase price of CHF 60 million, and positive net income contribution from 2023 on 
• Trading update: Cembra’s positive performance continues in the third quarter
• Outlook 2022 and mid-term targets confirmed 

Cembra has signed a share-purchase agreement to buy Byjuno AG and its sister company Intrum Finance Services AG from Intrum AG. Byjuno is a major provider of invoice payment solutions in Switzerland with a billing volume of CHF 408 million in 2021 and financing receivables of CHF 39 million as per end of 2021. The transaction is expected to close in the fourth quarter of 2022 subject to customary closing conditions.

About Byjuno 
Byjuno is a major provider in digital payments in Switzerland, offering real-time factoring for merchants and convenient pay-by-invoice solutions for consumers with instant credit functionalities. Byjuno was founded in 2014, employs about 45 people and has established partnerships with several leading Swiss brands.

About Swissbillling
Founded in 2011 in Lausanne, Swissbilling is an example of a successful fintech company and has become one of the leaders in the Swiss market for online and offline invoice financing and billing services. The company serves more than 900 merchants in Switzerland. In 2017, Swissbilling was acquired by Cembra.

About Cembra 
Cembra is a leading Swiss provider of financing solutions and services. Our product range includes consumer credit products such as personal loans and auto leases and loans, credit cards, the insurance sold in this context, invoice financing, and deposits and savings products.

We have over 1 million customers in Switzerland and employ about 1,000 people from 42 different countries. We have our headquarters in Zurich and operate across Switzerland through our network of branches and our online distribution channels, as well as through our credit card partners, independent intermediaries and car dealers.

We have been listed as an independent Swiss bank on the SIX Swiss Exchange since October 2013. Cembra is rated A– by Standard & Poor’s and is a constituent of the MSCI ESG Leaders Indexes as well as in the 2022 Bloomberg Gender Equality Index.

Disclaimer regarding forward-looking statements
This media release by Cembra Money Bank AG (“the Group”) includes forward-looking statements that reflect the Group’s intentions, beliefs or current expectations and projections about the Group’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it operates. Forward-looking statements involve matters that are not historical facts. The Group has tried to identify those forward-looking statements by using the words “may“, “will“, “would“, “should“, “expect“, “intend“, “estimate“, “anticipate“, “project“, “believe“, “seek“, “plan“, “predict“, “continue“ and similar expressions. Such statements are made on the basis of assumptions and expectations which, although the Group believes them to be reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause the Group’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions; legislative, fiscal and regulatory developments; general economic conditions in Switzerland, the European Union and elsewhere; and the Group’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking statements. The Group, its directors, officers and employees expressly disclaim any obligation or undertaking to release any update of or revisions to any forward-looking statements in this presentation and these materials and any change in the Bank’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable laws or regulations.

This media release contains unaudited financial information. While the published numbers are rounded, they have been calculated based on effective values. All figures are derived from US GAAP financial information unless otherwise stated. This information is presented for illustrative purposes only and, because of its nature, may not give a true picture of the financial position or results of operations of the Group.