XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Wednesday it has listed its common shares for trading on the Frankfurt Stock Exchange (Deutsche Boerse AG) under the “7XT” symbol.
XTM reported its shares will now be cross-listed on the Canadian Securities Exchange (CSE) and the Frankfurt Stock Exchange. The company anticipates the Frankfurt listing will help increase trading liquidity and facilitate investment by institutional and retail investors across Europe. Speaking about the listing, Marilyn Schaffer, CEO of XTM, stated:
“We are very pleased to have XTM shares listed on the Frankfurt Stock Exchange. This will provide XTM access to a large number of new potential investors that will help to expand our shareholder base and increase liquidity.”
Founded in 2006, XTM states that it acquired, developed, and integrated solutions businesses of every size, which includes challenger banks, credit unions, consumers, and governments. The company’s goal is to disrupt traditional banking with its white-labeled mobile wallet, banded Visa and Mastercard solutions, and platform.
“We created a targeted customer acquisition strategy that is quick & economic. Our most important weapon is establishing relationships with connected communities already segmented by industry, trade, or customer type. We work to de-clutter the financial complexities of your business.”
XTM added that its new business comes from the referrals of clients who have generated found revenue with our strategic, innovative, and risk-adverse programs.