Globaltrip

Opportunity

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.

Business Highlights

  • 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.

Transaction Overview

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.

Company Overview

Current Features & Services Include:

  • Manage multiple accounts and business entities from a single user interface.
  • Create multiple cost centres across continents and business lines and manage them from a single login on any device with client-defined, multi-tiered permissions.
  • Create and/or upload high-volume payment batch files to streamline payments.
  • Globaltrip Prepaid Mastercard has the highest balance and transaction limits on the market.
  • Manage multiple Mastercards from each account.
  • Card controls–lock/unlock and transfer money to/from cards instantly, anywhere, using the app.
  • Deposit and manage 20 currencies in unlimited value in each multi-currency account.
  • Tag and upload receipts instantly.
  • Manage foreign exchange in 140 currencies at live-market rates.
  • Integration with Xero and Sage accounting systems, plus public API for additional integrations.
  • Instant, fee-free, on-platform payments and transfers.
  • Tailored reports of the live transaction history.
  • Make payments across the international banking network, using SWIFT, SEPA, Faster Payments and other local networks.
  • Expense management module.

   

Globaltrip is not a bank, but a partner to banks for dynamic and demanding internationally mobile clients with specific requirements. Globaltrip differentiates in the market through its agility, platform operating model, and best-in-class customer journey.

Globaltrip delivers value to its clients in the following ways:

  • Agility and understanding
  • Visibility and control
  • Out of the box integration
  • Efficient cross-border payments
  • Best-in-class services
  • Management Team
  • Globaltrip is led by experienced, senior executives from banking, the UK regulator, financial services, and technology start-ups. Collectively, the founders and board have built and sold businesses to the value of £1B.
  • Globaltrip’s combination of secure, scalable technology, relationship focus, and deep sector
    expertise provides a single solution to complex, real-world business problems.
  • Customer tenure and value are just two key differentiators.
  • No competitor currently provides a solution-set that so closely meets the needs of Globaltrip’s
    target audiences.

 

 

Award-Winning FinTech

International Presence

Strong Team

Strong Revenue Streams

Financials

 

In £

2020

2021

2022

2023

2024

2025

Transactional

Revenue

5,087,046

5,138,265

9,532,298

13,684,242

19,189,672

26,795,759

Cost of Sales

2,009,163

1,553,467

2,409,533

3,238,844

4,490,433

6,295,420

Gross Profit

3,077,883

3,584,798

7,122,765

10,445,398

14,699,239

20,500,339

Administrative

expenses

6,303,701

4,561,568

5,888,287

7,484,192

9,365,877

10,276,818

EBITDA

(3,116,282)

(976,770)

1,234,479

2,961,206

5,333,362

10,233,521

Net Profit (Loss)

(2,816,133)

(589,932)

626,903

1,236,746

2,679,669

6,988,906

 

 

 

 

 

 

 

Current Assets

2,661,692

3,333,427

2,575,222

1,535,712

3,099,321

10,567,329

Fixed Assets

374,656

857,678

2,703,563

4,053,996

4,619,771

4,556,671

Current Liabilities

867,314

705,366

995,151

769,327

919,043

1,510,044

Fixed Liabilities

0

0

2,075,000

1,375,000

675,000

500,000

 

Team

Jane Turner

CEO

Eric Nicoli

Chairman

Terry Downing

Group CFO

Jim Warner

COO

Sarah Gooding

Chief Platform Officer

Vanya Stares

Chief Counsel & Compliance Officer

Stephanie Boukhari

Marketing Director

Freerk ten Hoor

Director Europe

Jordan Waxman

HX Advisor & Board Member

Paventhan Savun

HK CFO

Alec Sternberg

HX Venture Associate

Joshua Ereira

HX Venture Associate

George Wilkins

HX Analyst

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