A digital finance hub that brings money payments and cryptocurrency settlement services together in an app has announced its intention to publicly list in London.
The FinTech is set to apply to be admitted onto the London Stock Exchange’s AIM market, having previously listed its shares on the Aquis Exchange.
Cancellation of the trading of its ordinary shares on the Aquis Exchange will take place simultaneously with admission to the AIM.
The company says that the move is in its board and shareholders’ best interest as it continues its mission to create a seamless and fully regulated bridge that links fiat payments, traditional assets and crypto markets.
Tap Group recently announced that it expected to report record revenues and a first full year of positive EBITDA in the financial year ending 30th June 2025.
It operates a fully functional crypto/payments solution for both consumers and corporate customers.
“We have proven our business model, built the product, and demonstrated a clear, unmet customer need, attracting over 380,000 registered users to date,” said Arsen Torosian, CEO of Tap Global Group.
“This move to AIM is the logical next step in our evolution, driven by a landmark financial year where we expect to report record revenues and our first full year of positive EBITDA.
“The board believes AIM is the right platform for a company of our scale and ambition, providing the profile and access to a wider investor base that will support our growth.
“While much of the growth of e-money platforms has happened in private markets, our move to AIM provides a unique opportunity for public investors to participate on the London Stock Exchange in a proven, profitable, and high-growth fintech journey.
“Our strategic ambition is to make Tap the digital finance platform of choice globally for the large and growing number of people and businesses seeking money and crypto services in one place.”
Listed Frontier IP secures deal to create Cambridge innovation hub