TigerWit Achieves Revenues, Up by 24% YoY 

TigerWit, a financial technology company, has announced the results for its financial year, ended on the 31st of March 2020, this Monday. In fact, the UK-headquartered company has achieved record revenues of $27.5 million.

This shows an increase of 24 percent from the prior-year period. Moreover, the company has expanded its global network of partnerships and increased its presence in emerging markets globally.

CEO Tim Hughes said that the last financial year has been both successful and transformational for the Group. This was done by progressing its strategy of broadening its global footprint and further developing its technology.

These investments allow them to offer an innovative suite of trading and fintech products to retail investors around the globe. This strategy is becoming a reality with their multi-jurisdiction regulation, the establishment of regional partnerships, and product innovation.

Despite the uncertainty of what the global pandemic presents, they have ensured they do their utmost to protect their employees. That is by providing them with everything they need to be able to work safely from home.

TigerWit Looks Ahead with Great Optimism

This financial year commenced strongly for TigerWit in the face of today’s uncertain economic climate and they continue to grow. Therefore, They are looking forward to the months and years ahead with great optimism.

The company has big plans for this year including expansion and diversification. It planned to enter the Middle East and Africa and expand its product offering. 2019 was a big year for the fintech firm.

At the beginning of 2020, the company secured a Financial Services license from Hong Kong’s Securities and Futures Commission.

The acquisition of the new license is in line with TigerWit’s plans for expansion. The company is a global foreign exchange broker based in the United Kingdom with roots in Asia. It already has licenses in the UK with the Financial Conduct Authority and in the Bahamas.