TigerWit’s total revenue up 96% YoY in 2018

FinTech company TigerWit receives Hong Kong SFC licence

TigerWit Limited, the UK-headquartered global financial technology company, has just announced its volumes report for 2018, releasing a significant YoY growth figures.

Highlights include:

  • Client opening trade numbers rose by 68% YoY in 2018, and
  • As at Year End clients’ balances were up 38%;
  • TigerWit’s total revenue in 2018 was $19.6m – up 96% YoY ($10.0m in 2017).

Following the acquisition of Mercor Index last year, the company has changed the business name to TigerWit Limited and appointed Tim Hughes as Chief Executive Officer (CEO), with Mercor founder Simon Denham becoming Chief Risk Officer (CRO).

tigerwit volumes

Tim Hughes

Tim Hughes

Tim Hughes, CEO at TigerWit said:

2018 was a fantastic year for TigerWit and our global operations. Not only did we make a strategic acquisition and attract investment from the international technology group SIG, but we have seen revenues almost double for the year on the back of strong client acquisition and deposits. This is particularly pleasing to see given the regulatory backdrop and political uncertainty around Brexit. TigerWit is positioning itself as a global leader in the provision of online and mobile trading innovation.

Back in September 2018, TigerWit Group launched its blockchain-based trading app and announced a partnership with Liverpool FC.

In 2019, TigerWit plans to secure more licences, sign more partnerships and expand further in other jurisdictions around the world.

Mr Hughes continued:

Partnering with a Premier League football club and one with such a heritage as Liverpool FC is proving a successful part of our strategy to build TigerWit’s brand awareness. We are looking ahead to 2019 with great optimism too. Our plan this year is to grow our global footprint even further and we look forward to providing further updates throughout the year.

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