Tap Global, a fintech offering multi-currency payment accounts that includes cryptoassets, has listed publicly in London.
Tap announced on Friday that its shares have been admitted to London’s AIM market, with trading commencing as of 08:00am under the tickers TIDM and ISIN.
The Gibraltar-based firm considers itself as a bridge between traditional and digital assets, with both fiat and crypto payments available on its system.
It had previously been trading shares on the AQSE Growth Market, part of the challenger London-based Aquis Exchange that was acquired by Swiss bourse Six Group last year. The trading of Tap shares on Aquis has been cancelled.
The AIM listing comes amid a difficult period for the London Stock Exchange Group as it has struggled to attract new listings, particularly in the tech sector, in recent years.
“While most fintechs list to fund a search for profitability, Tap Group is listing on AIM having already achieved it. That is our difference,” said Tap Global chief executive Arsen Torosian.
“We’ve proven the model, the technology, and the demand. So today is not about validation; it’s about amplification.
“We offer investors what has become exceptionally rare: the explosive upside of a challenger, built on the profitable foundation of a leader. The opportunity is now, and we are ready to seize it.”
According to the Tap boss, the firm is “cash flow positive” with almost 400,000 registered users.
The company announced its intention to list in London earlier this month.
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