FUTURE PLANS & PROSPECTS

Swister initiates its journey with an Initial Offering Period aimed at raising the first volume of its capitalization goals. Concurrently, the application process for a specialized banking license commences, paving the way for regulatory compliance and expansion. The operational timeline unfolds with strategic launches, partnerships, and acquisitions, laying the foundation for Swister’s growth trajectory. Long-term milestones include profitability, geographical expansion, and substantial asset accumulation, positioning Swister as a significant player in the European banking landscape.

Short-term Milestones per year-end

Due Date

Milestone

Details

August 5th 2024

Start of Pre-Listing Private Placement Offering (PPO)

During this 90-day PPO, the aim is to raise/complete the first volume of the Company’s capitalization goals. The Phase 1 target is set at USD 29.754.600,00.

The PPO (wheteher or not in conjunction with the IPO) may be extended, but shall not exceed 150 days.

September 1st 2024

Application for LB specialized banking license or alternative license in another jurisdiction.

The application process is due to take a maximum of 8 to 8,5 months.

November 15th 2024

Launch of Swister Voice in Rome and San Marino

Start of the telecommunication activities (chat and call).

November 30th 2024

In case of cooperation with a local bank:

All legal requirements have been fulfilled to start the SVF (e-wallet) activities.

On the same day acquisition of Swiss fintech/sandbox subsidiary.

Depending on whether or not Swister will receive backing from an Invitalia-affiliated or other Italian bank, the payment and trading activities will be launched in Bari or Ticino. The latter will be on a temporary basis until acquisition of the LB specialized banking license.

Launch of Swister Pay and Swister 3D in the province of the partner bank

Otherwise:

 

Launch of Swister Pay and Swister 3D as a sandbox

July 1st 2025

Expansion into the EEA

Acquisition of the LB ‘specialized’ banking license

January 1st 2026

Upgrade to unrestricted retail & investment bank

Swister Bank (Europe) can now offer a full range of banking activities in 30 countries.

Long-term Milestones per year-end

Year

Key Milestones

2025

  • Further to obtaining its Swiss fintech license and European specialized banking (or other) license, Swister balance total exceeds 60 million euros.
  • The first Swister Lounge opens in Rome. 

2026

  • Swister makes its first profit in excess of 1 million euros (after virtually breaking even in the first year). 
  • The e-wallet’s user-base encompasses 30 countries. 

2027

  • The group hires its 50th employee.
  • Swister’s HNW clients have access to 25 lounges within Europe and beyond.

2028

  • Swister welcomes its 1 millionth (e-wallet) account holder.
  • By the beginning of the year, 50 thousand shops accept Swister Pay.

2029

  • The group’s consolidated assets hit the 1-billion-euro mark.
  • Swister’s annual profit comes close to 20 million.

 


Investors are notified that:

a) The forecast and corporate schemes contained herein, including all assumptions and data, must be interpreted
as a speculative model of a potential investment strategy.
b) Potential disputes are to be exclusively submitted to the Common Court of Justice of Curaçao.
c) Special attention must be paid to the section “Important notice”.

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