Brokerage firm ThinkMarkets has raised $40m from a growth capital funding package.
The funding package included two components of a $10m pre-IPO convertible equity investment and a $30m senior secured debt facility.
The pre-IPO convertible equity investment was supported by Regal Funds Management, while the debt facility was provided by Mars Growth, a Liquidity Group and MUFG joint venture fund.
According to ThinkMarkets, the funding will enable rapid growth across existing and new business initiatives in 2022.
ThinkMarkets CEO and co-founder Nauman Anees said, “Our exceptional growth in recent years has been underpinned by a significant increase in products available on our world leading multi asset trading platform. Our ambitions to continue to rapidly scale are entrenched in strong geographical expansion plans and significant new product developments to benefit our client’s trading and wealth management needs in an increasingly borderless investing world.
“This funding package, supported by leading institutional investors, gives our business the liquidity to scale rapidly in line with our business growth objectives. I thank all the investors who participated and look forward to introducing ThinkMarkets to an increasing number of global trading and wealth management participants.”
Liquidity Group co-founder and CEO Ron Daniel added, “It has been our pleasure to work with Nauman Anees and his great team at ThinkMarkets to provide them with the funding to continue rapidly scaling their fintech business.”
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