Globaltrip

Transaction Summary

Company Overview

B2B platform providing intelligent multi-currency treasury solutions to organizations managing multiple international mobile business units, teams, and assets. Globaltrip’s primary target markets include Marine, music, and film & television production. Since its launch, Globaltrip has developed proprietary technology, created a trusted brand, and become a market leader in key verticals.

Over 70% of Globaltrip revenue comes from retained clients and average revenue per client (£2,890) is 100x higher than consumer brands.

Over $1.4B flowed through Globaltrip in 2021 from an addressable market of $492B.

Globaltrip has over 2,200 corporate customers, more than 13,000 cards in issue and annual revenue of £5.1M.

Since launch, Globaltrip has developed proprietary technology, created a trusted brand, and become a market leader in key verticals. This has translated into strong revenue growth, increasing customer traction, and positive EBITDA outlook.

Globaltrip has demonstrated the ability to become cash positive in the short-to-medium term. This is a significant difference from other fintech companies.

Globaltrip has consistently grown revenue at a faster rate than costs, demonstrating the scalability and long-term potential of Globaltrip

Globaltrip was recognised by J.P Morgan Private Bank as one of the Top 200 Female-Powered Businesses in the UK.

Xspace, a UK based venture capital firm that specializes in Fintech, has incorporated a Special Purpose Vehicle (“SPV”) in Singapore, and will raise up to £35M in convertible bond notes to acquire a majority stake in Globaltrip to initiate its growth plan.

By leveraging Xspace’s deep Fintech knowledge, network, and capital, Globaltrip will be able to gain greater market share, increase international presence and develop greater and improved product offerings and services to drive growth. Through the implementation of Globaltrip’s growth plan, we conclude that a revenue target of £30M and a strong market position in several verticals will entail a valuation of c.$1B by FY 2024.