Launch of Corporate Customer Programme
Tap Global Group PLC has launched its corporate customer program, securing an initial 25 business customers. This program, built on a partnership with Moorwand, is expected to generate annual recurring revenues from account fees exceeding £75,000. The corporate offering provides businesses with regulated solutions for managing both fiat and digital assets, including dedicated GBP and EUR accounts. This initiative diversifies Tap's income beyond B2C transactional activity and establishes a scalable model for future growth in the B2B market.
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Tap Global Group plc (AIM: TAP), an innovative digital finance hub that brings money payments and crypto settlement services together in a single user-friendly app, is pleased to announce the launch of its enhanced corporate customer programme. The programme is built upon the Company's recent landmark digital banking partnership with Moorwand and Tap is particularly pleased to note that the service will launch with an initial 25 business customers already secured with annual recurring revenues from account fees in excess of £75,000.
Successful Relaunch of Corporate Offering
Following the integration of Moorwand's comprehensive Banking-as-a-Service (BaaS) platform, Tap has re-launched its corporate offering, providing business clients with a fully regulated, seamless solution for managing both fiat and digital assets. The service equips businesses with dedicated GBP accounts (complete with Sort Codes and Account Numbers) and EUR accounts (with individual IBANs), enabling them to execute payments, manage treasury operations, and access cryptocurrency markets through a single, secure platform.
The immediate demand for this service validates the Company's strategy and highlights a significant need in the market for sophisticated, crypto-friendly financial solutions for businesses. The initial customer success, achieved in a short period following the Moorwand integration, establishes a new high-quality recurring revenue foundation and a scalable model for future growth in the lucrative B2B market, diversifying income beyond B2C transactional activity.
Arsen Torosian, CEO of Tap, commented:
"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.
"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."
Tap Group's operating subsidiaries
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