Redeye views Paynova´s launch of its Pay Later solution on Tradera as an important step for commercializing its cutting-edge service. The Pay Later will be offered to Tradera's approximately 800 000 monthly active buyers and will add user value by increasing the users' trading security. We believe the launch is lowering the risk and indicates that Paynova is in for an exciting 2021, with increased fair value as a result.