Market update and launch of third tap process
15 Sep 2021
As set out in the Q2 results, Travelex has been in discussions with shareholders about funding for the balance of 2021 as the travel industry continues to recover from the impact of COVID-19.
The launch of a third funding tap for 2021 for £15 million intends to support the New Travelex Group’s liquidity through the recovery phase, to ensure the business is sufficiently capitalised to capture returning travel through western hemisphere markets over the balance of 2021.
Please find more information in this market update here.