Global foreign exchange payment fintech company Travel Wallet has selected NH Investment & Securities and KB Securities as lead underwriters for its initial public offering (IPO) and has officially begun preparations for the listing.
Travel Wallet announced on June 25 that it aims to list on the KOSDAQ in 2027, focusing on enhancing its own foreign exchange and payment infrastructure while aggressively targeting global markets.
The company explained that the selection of the lead underwriters was based on their experience in executing IPOs in the fintech and financial platform sectors, their research capabilities, and their networks with global institutional investors.
Travel Wallet provides app-based foreign currency charging and overseas payment services, operating in 46 currencies. As of June, the company has issued a cumulative total of 9.6 million cards, with total transaction volume exceeding 9.8 trillion won.
Currently, Travel Wallet is expanding its services beyond foreign currency charging and payment to include global digital wallet and B2B payment infrastructure. In April, it launched services in Japan, marking its entry into overseas markets.
The company stated that it is continuing to improve profitability based on the expansion of transaction volume and the internalization of payment infrastructure. It plans to strengthen its competitiveness in the global payment market through the expansion of its global digital wallet services and the enhancement of its B2B payment infrastructure and foreign currency settlement systems.
Kim Hyung-woo, CEO of Travel Wallet, remarked, "The IPO is a crucial turning point for us to leap forward as a global foreign exchange and payment infrastructure company. We aim to grow into a sustainable fintech firm with technological prowess and profitability, targeting a KOSDAQ listing in 2027."
* This article has been translated by AI.
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