Stargroup Limited, a Perth based financial technology and deployer of up to 350 ATMs in Australia, has listed its ordinary shares on the Frankfurt Stock Exchange. The company has flagged its intentions to further vertically integrate its operations ahead of expanding into other regions. Todd Zani, Stargroup's chief executive officer and executive chairman, said listing on the world's 10th largest stock exchange, announced in Australia during business hours yesterday, "provides the company with access to larger and deeper pools of capital ... and enables the formation of strategic relationships that will help further expand our target market, globally.""This [listing] enables the Company to control the source code and regional customisation of the software within the terminals in [the] region, giving Stargroup an edge in a number of merchant sectors," Zani said.He noted that the company recently announced a five year deal with the Swedish Stock Exchange listed West International AB to distribute Stargroup EFTPOS terminals in Australia and New Zealand. Zani also flagged Stargroup's intentions to use its existing relationships to "globally expand our operations".For instance, the company holds more than 11 per cent of one of its main suppliers, the ATM manufacturer and cash handling services provider, NeoICP Korea Inc. This privately held South Korean firm distributes its products and services in China, Sri Lanka, Malaysia, Cambodia, Turkey, Australia, New Zealand and South Africa and has ambitions to list on an exchange, according to Zani.Stargroup emerged in 2015 when it merged with the ATM supplier and fleet operator iCash Payments, taking over its listing on the Australian Securities Exchange. The company has continued to expand via a series of M&A deals and agreements.Earlier this month, Stargroup reported revenue of A$3.7 million for the year to June - up from $590,000 in 2014/15. Net cash flow from operating activities was $1.2 million.