TigerWit, a UK-based provider of cutting-edge mobile and online trading technology, has announced explosive growth of total revenue in 2018, coming from $10 million in 2017 to $19.6 million, a rise of 96 percent.
The firm’s key performance indicators have increased considerably on a year-over-year basis, including client opening trade numbers, which rose by 68 percent when compared to 2017, and Year End clients’ balances which were up 38 percent.
2018 is also marked by TigerWit’s sponsorship of Liverpool Football Club as they became the club’s Official Online Foreign Exchange Trading Partner. The extra exposure gained from the partnership surely made an impact on TigerWit’s key performance numbers. In the future, the company plans to secure more licenses, sign more partnerships and expand further in other jurisdictions around the world.
Tim Hughes, Chief Executive Officer at TigerWit, commented: “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 . 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.”
TigerWit is a global financial technology company focused on disrupting the trading industry with innovative trading applications, such as blockchain-based settlement in the form of TigerWit’s distributed trading ledger. The firm provides access to key global markets and trade FX, indices, commodities, and metals. TigerWit is authorized and regulated by the UK Financial Conduct Authority (FCA) and the Securities Commission of The Bahamas (SCB).
In January 2018, TigerWit acquired Simon Denham’s brokerage TimeToTrade and made the industry veteran and founder of Mercor Index as its Chief Risk Officer. TimeToTrade was TigerWit’s first acquisition of another complementary business and granted the firm a highly significant entry into the UK market, given its FCA license.