Travel Wallet, a global foreign exchange payments fintech company, said on Wednesday it selected NH Investment & Securities and KB Securities as lead managers for its initial public offering (IPO).

The selection was made after distributing a request for proposals for a listing bid to major domestic brokerages and holding competitive presentations. Travel Wallet said it comprehensively considered IPO execution capabilities in the fintech and financial platform sector, research capabilities and a global institutional investor network.

Travel Wallet is a fintech company that provides app-based foreign currency top-ups and overseas payment services. As of June, cumulative card issuances reached 9.6 million and cumulative transaction volume exceeded 9.8 trillion won.

In April, it launched services in Japan and began a global digital wallet business targeting local users overseas.

It plans to enhance competitiveness in the global payments market by expanding its global digital wallet service, upgrading B2B payment infrastructure and strengthening foreign currency settlement infrastructure.

Travel Wallet Chief Executive Kim Hyung-woo (김형우) said, "The IPO will be an important turning point for making a leap into a global foreign exchange and payments infrastructure company." He added, "We will prepare with a goal of listing on the Kosdaq in 2027 and continue to grow into a sustainable fintech company with technological capabilities and profitability."