Welcome to today’s edition of Fintech Pulse: Your Daily Industry Brief, your go-to op-ed-style news briefing that cuts through the noise and delivers the most crucial updates from the world of fintech and finance. In this comprehensive article, we delve deep into the latest developments, trends, and insights from our global fintech community. Today, we spotlight major breakthroughs including Pennylane’s impressive €75M raise, intriguing market movements in fintech stocks, innovative strides in open banking with BRND, Scapia’s landmark $40M Series B funding in the Indian travel sector, and Egypt’s revolutionary launch of an instant international money transfer service via a digital wallet.

This briefing is designed not only to inform but also to provide a thoughtful, opinion-driven analysis of these stories. As fintech continues to reshape global finance, the interplay of innovation, investment, and regulatory evolution paints a dynamic picture that requires constant attention. Whether you’re an industry insider, an investor, or simply an enthusiast, our detailed exploration aims to equip you with both the facts and the context to navigate these turbulent yet opportunity-rich times.

Market Overview: The Evolving Landscape of Fintech

The fintech sector is experiencing unprecedented growth, catalyzed by rapid digital transformation, evolving consumer expectations, and an ever-changing regulatory environment. In recent years, the integration of technology with financial services has led to a proliferation of innovative solutions that simplify transactions, enhance security, and democratize access to financial products. Today, as we witness landmark funding rounds, aggressive market movements, and breakthrough product launches, it becomes essential to step back and examine the broader trends that are driving this evolution.

Digital Transformation and Consumer Empowerment

At its core, fintech represents a shift towards digitization, where traditional banking is gradually replaced by streamlined, tech-enabled services. Consumers now demand faster, more secure, and personalized financial solutions. This digital transformation is not only reshaping the customer experience but also challenging established financial institutions to innovate or risk obsolescence. Key drivers include artificial intelligence, blockchain technology, and data analytics—all contributing to a more efficient financial ecosystem.

Investment and Funding Trends

A striking trend in the fintech landscape is the substantial influx of capital. Investors are eagerly backing fintech ventures that promise disruptive potential. The recent funding successes of companies like Pennylane and Scapia underscore this trend, highlighting investor confidence in companies that offer novel solutions to age-old financial challenges. This influx of capital is spurring further innovation and market consolidation, creating both opportunities and challenges for new entrants.

The Regulatory Environment

With rapid innovation comes the need for robust regulatory frameworks. Governments and financial watchdogs worldwide are striving to balance the benefits of innovation with the need to protect consumers and maintain financial stability. As regulators adapt to the pace of technological change, companies must navigate an increasingly complex compliance landscape. This dynamic often influences market sentiment and investment decisions, making it a crucial factor for all stakeholders in the fintech space.

The Global Perspective

Fintech is not confined to any one region. From Europe’s mature markets to the burgeoning tech hubs in Asia and the Middle East, innovation in financial services is a truly global phenomenon. Today’s briefing captures this global diversity—from Europe’s Pennylane to India’s Scapia and Egypt’s transformative digital wallet solution—illustrating that while the challenges are universal, the opportunities are manifold and region-specific.

Pennylane’s €75M Funding Triumph

In a striking development that has captured the attention of the global fintech community, accounting fintech leader Pennylane announced a successful funding round that raised an impressive €75M. This significant capital injection is set to fuel the company’s ambitious growth plans and further cement its position as a leader in the intersection of accounting and financial technology.

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A Game-Changer for Accounting Fintech

Pennylane has been at the forefront of revolutionizing how accounting and financial management are conducted. By leveraging cutting-edge technology, the company has enabled businesses to streamline their financial processes, reduce manual errors, and gain real-time insights into their financial health. The fresh influx of €75M is expected to accelerate the development of innovative features, expand market reach, and enhance customer support infrastructure.

Strategic Implications

The scale of this funding round is not just a testament to Pennylane’s current market performance but also an indicator of the strategic importance of accounting fintech in today’s business ecosystem. Investors are increasingly recognizing that robust financial management tools are critical to the success of businesses in an era where data-driven decisions are paramount. With this capital, Pennylane is well-positioned to pioneer new solutions that could set the standard for the industry.

Future Roadmap

Looking ahead, Pennylane is likely to channel these resources into research and development, aiming to integrate advanced analytics and machine learning capabilities into its platform. This will not only enhance user experience but also provide deeper insights into financial trends, enabling businesses to anticipate market shifts and adapt proactively. As competition intensifies, Pennylane’s bold move is expected to further accelerate innovation within the accounting fintech space.

Source: International Accounting Bulletin

Fintech Stock Dynamics: A Buy or a Cautionary Tale?

Another pivotal story making headlines is the dynamic performance of fintech stocks, as discussed in a detailed piece on market movements. According to recent analysis, fintech stocks have experienced notable declines, prompting some experts to question whether it is a prime buying opportunity or a signal of deeper market vulnerabilities.

Market Volatility and Investor Sentiment

The fintech sector, known for its rapid innovation and high growth potential, is also characterized by significant market volatility. Recent downturns in fintech stock values have sparked debate among investors. Some view the dip as a temporary correction—a natural byproduct of the market’s cyclical nature—while others caution that it might indicate underlying structural issues.

Analyzing the Data

A closer look at the data reveals a complex interplay between investor sentiment, macroeconomic factors, and sector-specific challenges. On one hand, the enthusiasm for innovative fintech solutions remains high, driven by transformative technologies and a favorable long-term outlook. On the other hand, short-term market fluctuations, driven by global economic uncertainties and regulatory changes, are contributing to the current volatility.

Investors are now weighing the risks and rewards more carefully, balancing the potential for significant returns against the backdrop of a volatile market environment. The debate centers on whether these stocks are undervalued and ripe for a rebound or if the current trend signals a more cautious phase for the industry.

Expert Opinions

Industry experts have offered varied opinions on the matter. Some argue that the current downturn presents a golden opportunity for long-term investors who can weather the storm, emphasizing the sector’s strong fundamentals and innovative capacity. Others suggest a more measured approach, warning that a prolonged period of volatility could erode investor confidence and lead to a reassessment of fintech valuations.

This divergence of opinion underscores the inherent complexity of investing in fintech—a sector where rapid innovation often comes hand-in-hand with unpredictable market behavior. Investors must remain vigilant and informed, balancing optimism with prudence in their decision-making process.

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Source: The Fool

Open Banking Innovations: The Rise of BRND

In the realm of open banking—a domain that has been steadily transforming financial services—the emergence of BRND is generating significant buzz. With its innovative approach to open banking, BRND is poised to redefine the way consumers and businesses interact with their financial data.

Embracing Open Banking

Open banking is all about unlocking financial data to create a more interconnected, transparent, and user-friendly financial ecosystem. By enabling third-party providers to access banking data (with customer consent), open banking has paved the way for a host of innovative services—from personalized financial management tools to innovative lending platforms.

BRND’s entry into this space is particularly noteworthy. The company’s approach combines robust security protocols with a user-centric design, ensuring that customers have full control over their financial data while enjoying a seamless experience. This is a significant step forward in addressing the dual challenges of data security and user empowerment.

Innovation Through Collaboration

One of the most compelling aspects of BRND’s strategy is its emphasis on collaboration. In an era where the lines between traditional finance and technology are increasingly blurred, BRND is forging partnerships with both established banks and emerging fintech startups. This collaborative approach not only enhances its service offerings but also contributes to a more resilient and adaptive financial ecosystem.

Potential Impact on the Industry

The rise of BRND is emblematic of a broader shift in the financial industry—one that places a premium on transparency, customer choice, and innovation. As more consumers demand greater control over their financial data, companies like BRND will likely become central players in the evolving open banking landscape. Their success could spur further innovation and compel traditional banks to rethink their strategies, ultimately benefiting consumers through enhanced services and competitive pricing.

Source: Sifted

Scapia’s $40M Series B Funding: Revolutionizing Travel Finance in India

In another groundbreaking development, Indian travel fintech pioneer Scapia has secured $40M in Series B funding—a move that is set to revolutionize travel finance in one of the world’s most dynamic markets. This investment not only underscores the growing confidence in fintech solutions tailored for the travel industry but also highlights the strategic importance of innovative financial services in emerging markets.

The Travel Fintech Landscape in India

India’s travel sector has witnessed explosive growth in recent years, driven by rising disposable incomes, improved connectivity, and a burgeoning middle class. However, financing travel—whether for leisure or business—remains a challenge for many consumers. Scapia’s innovative platform aims to address these challenges by offering tailored financial products that make travel more accessible and convenient.

Disruptive Potential and Strategic Vision

The $40M funding round is a clear vote of confidence from investors, signaling that Scapia’s vision for disrupting the traditional travel finance model is not only viable but also poised for rapid expansion. With this capital, Scapia plans to enhance its digital platform, broaden its product portfolio, and extend its reach to underserved segments of the market.

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By leveraging technology to streamline credit assessments and automate loan approvals, Scapia is setting new standards in the travel fintech space. The company’s approach reflects a broader trend of using data-driven insights to create personalized financial products that cater to the unique needs of travelers.

Regional and Global Implications

The impact of Scapia’s success extends beyond India. As emerging markets around the world seek to modernize their financial infrastructure, Scapia’s model could serve as a blueprint for similar initiatives elsewhere. Its success underscores the potential of fintech to drive inclusive growth by bridging the gap between traditional financial services and the needs of modern consumers.

Source: Fintech Futures

Egypt’s Digital Wallet Revolution: Instant International Money Transfers

Across the globe, another exciting development has emerged from Egypt, where the government has launched an innovative digital wallet solution that facilitates instant international money transfers. This initiative marks a significant leap forward in making cross-border transactions faster, more secure, and more accessible to a broader range of users.

Bridging the Global Financial Divide

Egypt’s new digital wallet solution is set to transform the way individuals and businesses handle international remittances. Traditionally, cross-border money transfers have been marred by delays, high fees, and cumbersome procedures. The introduction of an instant digital wallet service not only simplifies these transactions but also promotes financial inclusion by making international payments more accessible to ordinary citizens.

The Technology Behind the Transformation

At the heart of Egypt’s digital wallet revolution is a robust technological framework that integrates cutting-edge security protocols with an intuitive user interface. The platform is designed to ensure that transactions are processed in real-time, significantly reducing the lag associated with traditional banking channels. Moreover, the system’s emphasis on security ensures that users’ funds and data remain protected, fostering greater trust in digital financial services.

Economic and Social Impact

The launch of this digital wallet is expected to have far-reaching economic and social implications. For a country like Egypt, where remittances from abroad play a crucial role in the economy, streamlining international money transfers can boost consumer spending, drive economic growth, and reduce the financial burden on users. By lowering transaction costs and increasing speed, the new digital wallet is poised to enhance the overall efficiency of the financial system and contribute to a more inclusive economic environment.

Source: Daily News Egypt

Op-Ed: Insights, Analysis, and the Road Ahead

As we unpack these individual stories, it is important to step back and examine what they collectively reveal about the current state and future trajectory of the fintech industry. Today’s developments—from massive funding rounds and stock market turbulence to innovations in open banking and digital wallets—offer a glimpse into an industry that is evolving at breakneck speed.

The Balancing Act of Innovation and Caution

There is an inherent tension between the relentless pursuit of innovation and the need for cautious, well-informed decision-making. On one hand, companies like Pennylane, Scapia, and BRND are pushing the envelope, redefining financial services, and setting new benchmarks in their respective domains. On the other hand, the volatility in fintech stocks reminds us that rapid innovation can also lead to market uncertainties and investor apprehension.

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As an industry observer, it is clear that while the potential for growth is enormous, stakeholders must remain vigilant. Investors, regulators, and entrepreneurs alike need to strike a balance—fostering an environment that encourages experimentation and risk-taking, while simultaneously instituting safeguards to protect against systemic vulnerabilities.

Investment in Innovation: A Double-Edged Sword

The influx of venture capital into fintech has been one of the most striking trends in recent years. Funding rounds like those seen with Pennylane and Scapia are evidence of the market’s appetite for innovation. However, this surge in investment also raises questions about sustainability. Will the capital inflow continue unabated, or are we witnessing the beginnings of a market correction? History suggests that every boom is eventually followed by a period of recalibration, and fintech is no exception.

The current market dynamics require a nuanced approach. For long-term investors, the dips in stock prices might offer attractive entry points—provided that the underlying fundamentals of the companies remain robust. For regulators, the challenge lies in fostering innovation while ensuring that the rapid pace of technological change does not outstrip the ability of existing frameworks to manage risk.

The Transformative Power of Open Banking

The emergence of open banking, as exemplified by BRND’s innovative model, is arguably one of the most transformative trends in modern finance. By granting consumers greater control over their financial data, open banking is democratizing access to financial services and empowering users to make more informed decisions. In a world where data is increasingly valuable, the ability to securely share and analyze financial information represents a paradigm shift.

This shift also raises important questions about data privacy and security. As financial institutions and fintech startups embrace open banking, it is imperative that they invest in robust cybersecurity measures. The future of open banking will be defined not only by its ability to drive innovation but also by its capacity to protect the very data that fuels it.

A Global Tapestry of Fintech Innovation

One of the most exciting aspects of today’s news is the global nature of fintech innovation. From Europe’s thriving accounting fintech sector to India’s disruptive travel finance solutions and Egypt’s groundbreaking digital wallet initiative, the story of fintech is a global one. This diversity is a strength—it fosters a cross-pollination of ideas, accelerates technological advancements, and creates a competitive landscape that benefits consumers worldwide.

As these regional innovations converge, we can expect to see an increasingly interconnected financial ecosystem. The global nature of fintech means that breakthroughs in one market can have ripple effects across the world, spurring further innovation and investment.

The Road Ahead: Opportunities and Challenges

Looking forward, the fintech industry is poised to continue its rapid evolution. Emerging technologies such as artificial intelligence, blockchain, and machine learning are set to further disrupt traditional financial paradigms, offering new opportunities for growth and efficiency. However, this progress comes with challenges. Regulatory uncertainties, cybersecurity risks, and market volatility remain key areas that demand careful management.

In this dynamic environment, companies that can navigate these challenges while continuing to innovate will emerge as the leaders of tomorrow. As stakeholders in this unfolding story, we must remain adaptable and proactive—leveraging technology to drive growth, while maintaining a vigilant eye on the risks that accompany rapid change.

Conclusion: Embracing Change in the Fintech Era

Today’s edition of Fintech Pulse has taken us on a journey through the most compelling developments in the fintech space. We have witnessed the robust growth of accounting fintech through Pennylane’s €75M funding round, delved into the complex dynamics of fintech stocks, explored the transformative potential of open banking with BRND, celebrated the disruptive funding success of Scapia in the Indian travel sector, and marveled at Egypt’s innovative digital wallet solution that is redefining international money transfers.

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The common thread that runs through all these stories is the relentless pace of innovation—a force that is reshaping the financial landscape on a global scale. As we continue to monitor these trends, one thing is clear: fintech is not just a transient phase in financial services; it is the future of finance. The integration of technology with financial operations is creating a more inclusive, efficient, and dynamic ecosystem that benefits consumers, businesses, and investors alike.

In an industry where the only constant is change, staying informed is more crucial than ever. Whether you are an investor seeking opportunities, a startup looking to innovate, or a consumer keen on understanding the next wave of digital financial services, the insights presented today are invaluable. The opportunities are immense, but so are the challenges. Success in the fintech arena will ultimately depend on the ability to balance innovation with prudent risk management—a lesson that today’s headlines underscore with striking clarity.

As we close this edition, we invite you to reflect on the implications of these developments and consider how they might shape your own strategies in the evolving world of finance. The future is digital, and those who embrace change will lead the charge into a new era of financial excellence.

Extended Analysis: The Convergence of Technology and Finance

In recent years, the convergence of technology and finance has given rise to a phenomenon that transcends mere transactional improvements. It represents a cultural shift—one where data, speed, and customer empowerment are the cornerstones of value creation. Fintech companies are not just optimizing processes; they are redefining the nature of financial interactions by harnessing the power of digital ecosystems.

Data as the New Currency

One of the most critical aspects of this transformation is the role of data. Companies like Pennylane are leveraging advanced data analytics to provide real-time insights into financial performance. With the €75M funding round, Pennylane is poised to integrate even more sophisticated analytical tools, allowing businesses to anticipate market trends, manage risks, and seize opportunities. This data-centric approach is driving efficiencies that were unimaginable a few years ago and is setting the stage for a more agile, informed decision-making process across all levels of business operations.

Investor Perspectives in a Volatile Market

The volatility observed in fintech stocks—discussed in detail in our stock market analysis—serves as a reminder of the risks associated with rapid innovation. For investors, this is a double-edged sword. On one hand, market corrections can present buying opportunities; on the other, they require a careful assessment of underlying fundamentals. As the debate on whether the current dip signals a temporary setback or a deeper market issue continues, it is crucial for investors to adopt a long-term perspective. In the world of fintech, where disruptive innovations can quickly alter market dynamics, staying abreast of both macroeconomic trends and company-specific developments is key.

Open Banking: Redefining Customer Relationships

BRND’s entry into the open banking arena is a vivid illustration of how transparency and customer empowerment are reshaping financial services. By allowing third-party providers to securely access and utilize banking data, open banking fosters a competitive environment that prioritizes customer needs. This paradigm shift not only challenges traditional banks to evolve but also creates opportunities for fintech startups to offer innovative, user-friendly solutions. The success of open banking initiatives will largely depend on the ability to build trust—a factor that hinges on robust data protection and transparent business practices.

Scapia and the Democratization of Finance in Emerging Markets

India’s travel fintech landscape, illuminated by Scapia’s recent $40M Series B funding, exemplifies how fintech is democratizing access to financial products in emerging markets. The company’s innovative approach to travel finance is breaking down barriers that have traditionally excluded large segments of the population from affordable credit and financial services. By tailoring solutions to the unique needs of travelers, Scapia is not only driving market growth but also contributing to a broader agenda of financial inclusion—a critical objective for emerging economies.

The Digital Wallet Revolution in Egypt

Egypt’s initiative to launch an instant digital wallet for international money transfers is a testament to the transformative potential of fintech in addressing long-standing inefficiencies in cross-border transactions. Historically, remittances have been plagued by delays and high transaction fees, which have placed a significant burden on individuals and families relying on international transfers. The new digital wallet solution promises to reduce friction, lower costs, and enhance the overall speed of financial transactions. Such innovations are poised to have a ripple effect across other regions facing similar challenges, making the digital wallet not just a local solution but a model for global best practices.

Reflective Commentary: The Implications for the Future

The fintech revolution is an ongoing narrative—one that continues to evolve with each passing day. As we dissect today’s headlines, several key themes emerge that are likely to shape the future of finance:

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1. Integration of Advanced Technologies: With continued investments in AI, machine learning, and blockchain, fintech companies are set to develop even more robust and secure platforms. This technological integration will further blur the lines between traditional finance and digital innovation.

2. Regulatory Evolution: As fintech solutions become more sophisticated, regulators worldwide will need to craft policies that support innovation while protecting consumers. This will be a critical balancing act in the years ahead.

3. Global Collaboration: The international nature of fintech, as evidenced by the diverse stories from Europe, India, and Egypt, suggests that future growth will be driven by global collaboration and the sharing of best practices across markets.

4. Customer Empowerment: Ultimately, the success of fintech initiatives will hinge on their ability to empower customers—providing them with tools that simplify financial management, offer personalized insights, and enable secure transactions.

These themes collectively paint a picture of an industry that is as promising as it is challenging. The road ahead will require a delicate balance between embracing rapid technological change and mitigating the risks associated with it.

Strategic Recommendations for Stakeholders

Given the current landscape, here are some strategic recommendations for key stakeholders in the fintech arena:

• For Investors:
  Adopt a balanced approach that recognizes both the potential and the risks inherent in the fintech sector. Conduct thorough due diligence on companies, considering both their innovative capabilities and their market fundamentals. Diversification remains a key strategy in navigating the inherent volatility of fintech stocks.

• For Entrepreneurs:
  Innovation is the lifeblood of fintech, but it must be paired with a solid understanding of regulatory and market dynamics. Focus on developing scalable solutions that address real-world challenges. Collaborate with established financial institutions where possible, as these partnerships can provide both credibility and access to a broader customer base.

• For Regulators:
  The rapid evolution of fintech necessitates a forward-thinking regulatory framework that encourages innovation while safeguarding consumer interests. Engage with industry leaders and stakeholders to craft policies that are adaptive and forward-looking. Balancing the need for innovation with consumer protection will be critical in maintaining market stability.

• For Consumers:
  Stay informed about the fintech solutions available to you, and be proactive in understanding the benefits and risks associated with digital financial services. As new products emerge, take the time to assess their features and security measures before adoption. Your feedback and experiences are invaluable in shaping the future of fintech.

Looking Ahead: The Promise of a New Financial Era

As we close today’s edition of Fintech Pulse, the overarching message is one of cautious optimism. The stories we’ve explored—each representing a different facet of the fintech ecosystem—offer a glimpse into an industry that is dynamically evolving. Whether it’s through groundbreaking funding rounds, innovative product launches, or regulatory advancements, fintech is paving the way for a more inclusive and efficient financial future.

The interplay between technology and finance is not just reshaping how we manage money; it is redefining the very concept of financial services. As fintech continues to mature, the emphasis will increasingly be on creating solutions that are not only innovative but also resilient, secure, and accessible to all. This holistic approach is what will ultimately drive long-term success and create lasting value for everyone involved.

In conclusion, the fintech revolution is a journey—a journey marked by rapid innovation, significant challenges, and tremendous opportunities. By staying informed, engaging critically with emerging trends, and embracing change, stakeholders across the spectrum can help shape a future where financial services are more agile, inclusive, and responsive to the needs of a digital world.

Final Thoughts

Today’s comprehensive briefing is more than just a summary of the latest news—it’s a deep dive into the forces driving the fintech revolution. From the infusion of capital into game-changing companies like Pennylane and Scapia to the transformative potential of open banking and digital wallets, each story contributes to the larger narrative of innovation and disruption. As we continue to witness these developments, it becomes clear that the future of finance is being written in real time, one breakthrough at a time.

For investors, entrepreneurs, regulators, and consumers alike, the challenge is to harness this momentum while staying mindful of the risks. In a world where technological advancements occur at lightning speed, adaptability, strategic foresight, and a commitment to continuous learning will be the hallmarks of success.

Thank you for joining us in this in-depth exploration of today’s fintech landscape. Stay tuned for future editions of Fintech Pulse, where we will continue to provide you with insightful, opinion-driven commentary and detailed analyses of the trends that are shaping the future of finance.

The post Fintech Pulse: Your Daily Industry Brief – April 7, 2025: Featuring Pennylane, Scapia, BRND appeared first on News, Events, Advertising Options.

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Martin Sjolund appointed President and Chief Executive Officer, effective June 17, 2025

Vikram Atal to serve as senior advisor through December 31, 2025

NORFOLK, Va., April 7, 2025 /PRNewswire/ — PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that its Board of Directors has appointed President of PRA Group Europe Martin Sjolund to serve as President and Chief Executive Officer (CEO), effective June 17, 2025. Sjolund succeeds current President and CEO Vikram Atal, who announced that he will retire and serve as a senior advisor through December 31, 2025. Sjolund will be appointed to the Board upon assuming the role of President and CEO, and Atal will retire from the Board at that time.

“On behalf of the Board, I want to thank Vik for his leadership of PRA Group during a pivotal time,” said Executive Chair of the Board Steve Fredrickson. “Today’s announcement is the culmination of the Board’s ongoing succession planning process and commitment to enabling long-term, profitable growth.”

“It has been a privilege to lead PRA Group through this transformative time in the company’s history,” said Atal. “Since March 2023, I have worked closely with Martin, and I am highly confident in his ability to further strengthen our global leadership position. His strong track record in our European business, extensive industry knowledge, thoughtful leadership and commitment to our culture and customers will build on our strengths and create meaningful value for our shareholders in the years to come.”

“I am honored to have the opportunity to lead PRA Group as we enter our next phase of growth,” said Sjolund. “As a team, we have already achieved record global portfolio purchases and double-digit cash growth, expanded our leadership team, improved operational processes and strengthened our capital structure. These actions have positioned us to continue driving the company forward while delivering value to our shareholders.”

About Martin Sjolund
Sjolund has served as President of PRA Group Europe since 2018, providing leadership across 15 markets in Europe, Canada and Australia. During his tenure, Sjolund oversaw nearly $3 billion of successful portfolio investments across Europe, all while significantly improving the profitability of the European business. He led our expansion into two new markets, modernized the IT infrastructure and contact platforms, enhanced the data and analytics function and ultimately created one of Europe’s most cost-efficient debt buying platforms.

Before being promoted to his current role, Sjolund served as Chief Operating Officer of Europe from 2015 until 2018. He was previously Director of Group Strategy and Corporate Development (Europe), a position he also held at Aktiv Kapital from 2011 until PRA Group acquired Aktiv Kapital in 2014.

Prior to joining Aktiv Kapital, Sjolund held leadership positions in global technology companies and was a management consultant with McKinsey & Company in Singapore and London. Sjolund holds an MBA from the University of Chicago and is a graduate of Georgetown University.

About PRA Group
As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. With thousands of employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt. For more information, please visit www.pragroup.com.

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News Media Contact:
Elizabeth Kersey
Senior Vice President, Communications and Public Policy
(757) 641-0558
Elizabeth.Kersey@PRAGroup.com

Investor Contact:
Najim Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com

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STOCKHOLM, April 7, 2025 /PRNewswire/ — Between 31 March 2025 and 4 April 2025 EQT AB (LEI code 213800U7P9GOIRKCTB34) (“EQT”) has repurchased in total 602,996 own ordinary shares (ISIN: SE0012853455).

The repurchases form part of the repurchase program of a maximum of 4,931,018 own ordinary shares for a total maximum amount of SEK 2,500,000,000 that EQT announced on 11 March 2025. The repurchase program, which runs between 12 March 2025 and 16 May 2025, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) No 2016/1052.

EQT ordinary shares have been repurchased as follows:

Date:	Aggregated volume  (number of shares):	Weighted average  share price per day (SEK):	Aggregated  transaction value (SEK):
31 March 2025	106,000	304.2864 Advertisement	32,254,358.40
1 April 2025	115,000	313.2291	36,021,346.50
2 April 2025	115,000	315.0153	36,226,759.50
3 April 2025 Advertisement	140,000	300.9577	42,134,078.00
4 April 2025	126,996	276.3182	35,091,306.13
Total accumulated over week 14	602,996	301.3749 Advertisement	181,727,848.53
Total accumulated during the repurchase program	2,043,962	312.7275	639,203,038.72

All acquisitions have been carried out on Nasdaq Stockholm by Skandinaviska Enskilda Banken AB on behalf of EQT.

Following the above acquisitions and as of 4 April 2025, the number of shares in EQT, including EQT’s holding of own shares is set out in the table below.

	Ordinary shares	Class C shares1	Total     Advertisement
Number of issued shares2	1,241,510,911	496,056	1,242,006,967
Number of shares owned by EQT AB3	61,968,153	–	61,968,153
Number of outstanding shares	1,179,542,758 Advertisement	496,056	1,180,038,814
1) Carry one tenth (1/10) of a vote 2) Total number of shares in EQT AB, i.e. including the number of shares owned by EQT AB 3) EQT AB shares owned by EQT AB are not entitled to dividends or carry votes at shareholders’ meetings

A full breakdown of the transactions is attached to this announcement.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

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

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https://mb.cision.com/Main/87/4132039/3373049.pdf Advertisement	EQT Transactions 20250331 to 20250404
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