LONDON, UK: AQRU plc (AQSE: AQRU), an incubator specialising in decentralised finance (“DeFi”), announced that its wholly owned subsidiary, Accru Finance Ltd. (“Accru Finance”), has entered into a partnership with Quickbit eu AB (publ) (NSME: QBIT) (“Quickbit”), a leading Swedish fintech company, to offer Accru Finance’s yield generating products to a wider customer base.

Quickbit facilitates payments in cryptocurrency for both consumer and corporate clients. It offers a debit card, the Quickbit Card, and a consumer-facing cryptocurrency platform, the Quickbit App, which allows for the depositing of EUR and card payments for eight cryptocurrencies including BTC, ETH, USDT and ADA. It allows customers to generate returns on their cryptocurrency in the app. Quickbit has been listed on the NGM Nordic SME since July 2019.

Quickbit is Accru Finance’s first Yield-as-a-Service (“YaaS”) partner. Accru Finance’s YaaS API will be integrated into the Quickbit App, allowing Quickbit’s customers to access the competitive returns available from Accru Finance’s DeFi products. By offering their products to Quickbit’s customers, Accru Finance intends to expand access to its DeFi ecosystem and offer its competitive DeFi yields to an increased customer base.

Commenting on the partnership, Digby Try, co-founder of AQRU said: “The partnership with Quickbit is a significant milestone for us in our mission to strip the complexity from the crypto universe. We set out to make building a balanced crypto portfolio a reality for all investors and being able to benefit from curated high-yield opportunities is a major part of this. Our partnership with Quickbit enables us to share that vision with a wider audience and continue our path to achieving that goal.”

Hammad Abuseifan, CEO at Quickbit, said: “Through this partnership with AQRU, we are able to offer our Quickbit App users a DeFi solution that creates more value throughout our ecosystem of crypto products. Our mission to simplify the use of crypto and integrate it into the everyday lives of people by offering safe and easy-to-use products is well in line with the values of AQRU.”