Tap Global Group raises £3m in an IPO to fund international expansion and marketing.
The cryptocurrency platform secured the capital via a listing on the AQSE market.
Share allotment filed at Companies House
Tap Global Group operates a cryptocurrency application that bridges traditional finance with blockchain technology, allowing users to manage digital assets and make everyday purchases.
Tap Global Group has secured £3m through an initial public offering on the Access Segment of the AQSE market. The listing makes the company London's first stock market debut of 2023 and the country's first cryptocurrency exchange provider to float.
Founded in 2018 by Arsen Torosian and David Carr, the firm provides users with access to multiple crypto exchanges, crypto-linked debit cards, and fiat bank accounts through a mobile application. The company currently serves over 100,000 users.
Proceeds from the share offering will be directed towards international expansion and increased marketing expenditure as the business scales its operations.
From the founder
"Tap is a dynamic, proven, and revenue-generating business in a sector which we believe is capable of significant growth. With cryptocurrency and blockchain technology growing faster than any financial technology in history, I am excited to help Tap fulfil its potential of becoming a FinTech Super App, bridging the gap between traditional and digital finance. This listing is a meaningful step in delivering on that ambition. I look forward to working with Tap’s founders, David and Arsen, as we build on the Company’s extraordinary progress to date."
John Taylor
Non-Executive Chairman at Tap Global Group
Use of funds
- 01Invest in sales and marketing
- 02Expand into international markets
About the company
Tap Global Group
Tap Global Group operates a cryptocurrency app bridging traditional finance and blockchain technology.