Corrigendum: Cembra to acquire Byjuno to create a leading provider of invoice payment solutions in Switzerland

Corrigendum to the ad hoc announcement of 30 September 2022 (p. 2, last paragraph): Cembra expects Q3 net revenues to increase by 3% year on year, with commission and fee income increasing by about 10% (and not by 20% as inadvertently stated). The full text of the corrected announcement is as follows:

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: Cembras 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 & Poors 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 Groups intentions, beliefs or current expectations and projections about the Groups 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.

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