The Group has acquired a 100% stake in the financial services provider for an undisclosed sum.
Finvasia Group announced today that it has acquired Cyprus-based financial services provider, Fxview for an undisclosed amount. Fxview offers trading services in multiple assets, including FX and commodities.
According to the press release, Finvasia has acquired a 100% stake in Fxview to expand its portfolio. The Group is planning to develop a strong presence in the European market through the latest acquisition.
Fxview is headquartered in Limassol, and Charlgate Ltd is operating the brand. In 2020, Finance Magnates reported about the acquisition of Fxview by Charlgate Ltd.
Commenting on the latest announcement, Sarvjeet Virk, Managing Director of Finvasia Group, said: “We’re delighted to add Fxview to our portfolio. Europe remains a key strategic priority for our business. Fxview’s acquisition gives us a significant presence in the European market, complementing our already well-established operations in the United Kingdom.”
Finvasia Group is the owner of different brands in fintech, financial services and blockchain. The Group has offices in different locations around the world, including Australia, Cyprus, India and the UK.
“Since we started, our goal has been to provide our clients with the best possible forex trading resources and experience, which is backed by state of the art technology. Finvasia is a global leader in the Fintech space, and we believe this acquisition by Finvasia Group is the best way for Fxview to continue to fulfil that mission,” Daniela Egli, Executive Director of Charlgate Ltd, commented.
Finvasia highlighted the growing popularity of Fxview across different regions including LATAM, Asia and Africa since the start of this year. “Over last six months, Fxview has hosted over 2 million unique users on its website and is gaining popularity swiftly across the EU, Asia, LATAM and the Africa region. The company provides clients a comprehensive trading experience by offering low commissions, thin spreads, multiple platforms & trading tools and a clutter-free trading environment,” the official press release states.