20NINE Tech AB bolsters board with appointment of renowned financial expert Stefan Kaiser

Stockholm, Sweden - June 8, 2023 - In a significant move to bolster its strategic footprint in East Africa, 20NINE TECH AB, the leading SaaS company committed to simplifying everyday life for micro-merchants, is delighted to welcome Stefan Kaiser as a new board member. This pivotal appointment aligns with 20NINE's ongoing efforts to optimise its corporate governance structure in preparation for a future IPO.

Stefan Kaiser brings to 20NINE a wealth of regional and sector-specific expertise. As an accredited accountant and experienced board professional with over a decade of leading banks in Kenya, Kaiser's appointment underpins 20NINE's dedication to understanding and navigating the business landscape in East Africa.

Andreas Lalangas, CEO and Founder of 20NINE shares his enthusiasm about this latest addition to the team: "I am thrilled to have Stefan on board. His regional experience and financial understanding will be an incredible asset as we digitise micro-merchants across East Africa. Stefan's extensive network in the Kenyan financial sector opens up new business opportunities and ensures we align seamlessly with local business culture and regulations."

Stefan Kaiser echoed Lalangas's optimism about his appointment. "Joining the 20NINE board is a prospect that excites me greatly. The company is positioned to make a substantial impact on the market. I am confident that 20NINE's solution is fulfilling a genuine need in the sub-Saharan region, and I look forward to being part of this transformative journey."

20NINE's mission is to revolutionise how micro-merchants manage their shops through innovative, user-friendly technology that enables business control and growth. With the appointment of Stefan Kaiser, the company takes another strategic step towards achieving this vision in East Africa and beyond.

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