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Tap Global hits ‘major milestone’ as it enhances corporate offering

ALN

Tap Global Group PLC on Wednesday reported the launch of its enhanced corporate customer programme, with it already having secured 25 business customers.

Tap Global is a London-based provider of app-based cryptocurrency payment and settlement services.

The company said the new programme builds on its recent ‘landmark’ digital banking partnership with Moorwind, with Tap noting that the service launches with annual recurring revenues in excess of £75,000 tied from account fees.

Shares in the company rose 7.5% to 2.15 pence on Wednesday afternoon in London.

‘This is a major milestone for Tap. The rapid success of our corporate customer programme is a direct result of our landmark partnership with Moorwand and is a clear demonstration of Tap’s ability to execute swiftly on strategic objectives. We are meeting a clear and urgent demand from businesses for a fully regulated, seamless solution to manage both fiat and digital assets within a single, trusted platform,’ said Chief Executive Arsen Torosian.

‘The initial annual recurring revenue we have already secured is just the beginning. It validates our model and establishes a solid, predictable new revenue stream that will contribute to Tap’s future growth. We are incredibly excited about the opportunity that lies ahead to become the definitive financial super app for businesses as well as people across the UK and Europe,’ Torosian continued.

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