(Alliance News) - Crossborder payments firm Finablr PLC on Wednesday said its Travelex business has renewed a contract with Heathrow airport.
The new deal, until early 2024, will see Travelex's existing foreign exchange, ATM, and value-added-tax arrangements continue.
Travelex has a "long" history at the airport, Finablr said, having become the first non-bank foreign exchange provider 1986.
Chief Executive Promoth Manghat said: "The Finablr team is pleased with the terms of the long-term concession agreement and we look forward to continuing our successful partnership with London Heathrow airport."
Finablr listed earlier this summer in London, raising GBP153 million. It will report results for the six months to June on August 20.
Shares were 1.8% higher on Wednesday morning in London at a price of 166.00 pence each, though 5.1% lower than the 175p initial public offering price.
