The credit line was provided by private lenders as well as existing shareholders in the Group.
The debt financing will fund further acquisitions in the trading industry, as well as the expansion into new areas within finance including retail investments, consumer finance, money transfers, and savings industries.
Led by Chairman David Merry and CEO Adam Grunwerg, Investoo Group is a lead generation company operating in the Forex and retail investment industry. The firm has 50 employees and backed by online technologies leaders Kinetic Investments and Optimizer Invest.
The transaction follows several acquisitions this year, including Invezz.com, RoboAdvisors.com and SocialTradingGuru.com.
FinSMEs
02/11/2017