Financial trading affiliate Investoo Group has secured £7.5m in credit funding to help fund further acquisitions.
The funding was supplied by private lending firms as well as existing shareholders.
Investoo is a financial performance marketing company which has created partnerships with companies across the Forex, cryptocurrency and retail investment sectors.
This new line of funds will allow the company to make further acquisitions in to trading companies, and expand across new markets. Investoo hopes to make investments into the money transfer, retail investments, consumer finance, and saving sectors.
Investoo Group CEO Adam Grunwerg said, “We’re expanding into new niches where we will focus on individuals taking the best investment decisions possible. We’re especially excited about this credit line because it will allow us to do what we do best – deliver sites that educate and inform, giving consumers the power to invest with confidence.”
Last month the company acquired robo advisor comparison website RoboAdvisors.com, as the company expanded its investments to the portfolio management industry. Investoo has also recently acquired social trading comparison platform SocialTradingGuru.com and investment product review marketplace Invezz.com.
There has been a wave of WealthTech investments over the past couple of weeks. UK transport savings platform CommuterClub secured £2.3m round of capital, alongside the launch of its latest crowdfunding campaign. Personal finance platform Finch closed a $2.25m seed round of funding, to support the continued launch of its application.
Copyright © 2017 FinTech Global
