23 May, London – Link Asset Services (LAS), part of Link Group (ASX: LNK), a leading global provider of financial administration services, supported Finablr’s Initial Public Offering (IPO) on the London Stock Exchange (LSE) and will continue to act as the registrar.
Finablr is a global platform for payments and foreign exchange solutions with capabilities spanning the full spectrum of the payments value chain, from origination and processing to distribution, all attuned to market nuances and regulatory requirements.
Through its portfolio of category renowned brands, which includes Travelex, Xpress Money, and UAE Exchange, Finablr serves more than 23 million consumers and over 1,500 corporate and institutional partners. In 2018, Finablr companies processed more than 150 million transactions managing an estimated $115 billion in volumes for its customers.
Link Asset Services is a specialist in fintech IPOs, executing the listing of 52% of all the fintech companies that are currently listed on the LSE. Link has been the registrar on all fintech LSE listings so far this year.
David Kilmartin, Director at Link Asset Services commented:
“Despite market uncertainty, 2019 has been a big year for the fintech sector and London has clearly established itself as the natural home for global fintech businesses looking to launch an IPO. With our strong track record in new London listings and unparalleled fintech expertise, we are the natural partner of choice.”
Promoth Manghat, Group CEO at Finablr commented:
“Listing on the London Stock Exchange is a significant milestone for Finablr and having the expertise of Link Asset Services to guide us through the process was invaluable. As the global payments sector continues to evolve, we are well placed to move ahead with our ambitious growth strategy.