Fonix, a UK-based mobile payments and messaging company, has announced its intention to float on the Alternative Investment Market (AIM), a sub-market of the London Stock Exchange which helps smaller companies to access capital from the public market.

“We are delighted to announce the proposed Admission to AIM of Fonix. Admission to AIM will help raise the profile of the Company as we look to deliver on our growth ambitions,” said Rob Weisz, Chief Executive of Fonix Mobile. “We continue to deliver on our growth strategy by supporting our clients to drive transactions that occur on the platform and expanding on the content and services provided from both existing and new Clients.

“We would like to thank our existing shareholders for their ongoing support and welcome our new shareholders at this exciting time for the Company

“We would also like to thank all of our staff and partners who have supported the business over the last few years. This is a really exciting step for the business which will further our ability to provide high quality products and support to our partners.”

Founded in 2006, Fonix enables businesses to charge users’ mobile bills and send users SMSs via their mobile network operator. The company has over 100 clients including ITV, Bauer Media, BT, Global, and BBC Children in Need.

Fonix will be admitted to trading on AIM at 8am on Monday 12 October 2020.