NEW YORK–(COMMERCIAL THREAD) – The FINVASIA Group today announced the acquisition of ActTrader Technologies (formerly ActForex), a pioneer in the creation of financial technology products for over 20 years.
ActTrader was one of the world’s first “FinTech” companies, long before the buzzword “FinTech” was glorified. From the creation of the very first online retail forex trading app in 2000 to the launch of the very first WAP-based mobile trading app in 2004, they have grown to create disruptive multi-asset financial technology products that millions of traders around the world have trusted it.
ActTrader has a strong heritage as a provider of FinTech solutions, backed by over 20 years of operational excellence. It was founded in 2000 in the United States of America and has served nearly 2 million retail merchants in over 100 countries. The company has processed over $ 400 trillion in transaction volume and acted as a supplier of core technology to some of the world’s largest financial institutions.
The FINVASIA Group is a multidisciplinary multinational organization that owns several brands in the financial services, fintech, blockchain and technology sectors. Finvasia, along with its subsidiaries and sister companies, is registered with a range of regulatory bodies around the world in various capacities. They were the torchbearers in introducing a commission-free investing ecosystem, forcing established brokers to offer commission-free trading services. Recently, Finvasia acquired Fxview, a Cyprus-based financial services company, to expand its presence in the European market.
“FINVASIA believes in democratizing the financial system and believes that technology can drive this change,” said Sarvjeet Singh, Managing Director of the FINVASIA Group. “Uniting our businesses will allow us to drive new innovations and create fintech solutions that not only meet today’s requirements, but are also flexible enough to meet the technological advances of tomorrow. ”
Together they plan to create the next generation of blockchain and AI based trading applications, a unique social trading platform, robust risk management and liquidity management solutions, a variety of plug-ins. ins and business intelligence tools that will challenge industry standards and push boundaries. of the FinTech industry. This agreement brings together two major FinTech players under one roof.
With immediate effect, ActTrader will become a subsidiary of the FINVASIA group, with Ilya Sorokin as CEO and all current executives and associates remaining in place.
Founder and CEO of ActTrader Technologies, Ilya Sorokin said, “This acquisition expands our footprint and strengthens our ability to serve new clients, well and long into the future. As we continue to grow and develop, the ability to provide our customers with innovative fintech product solutions is an important step in our journey. ”
ActTrader has been at the forefront of the fintech industry since the launch of its flagship trading application – ActTrader ™ (formerly ActForex). Since its inception in 2000, it has offered superior technology solutions and has grown to create multi-asset financial technology products trusted by millions of traders and hundreds of brokers around the world.
Its large portfolio of end-to-end trading technology products has helped FX brokers, ECN sites and financial institutions transform their trading operations.
Learn more: https://acttrader.com/
About the FINVASIA group
FINVASIA is a multidisciplinary, multinational organization that invests in technology-driven companies and products. It is registered with a range of regulatory bodies around the world in various capacities. Finvasia (as well as its subsidiaries and sister companies) is registered with SEC, USA (152771), CYSEC, Cyprus (367/18), FCA, UK (850138), BaFin, Germany (157125), ACPR, France (85051) , CONSOB, Italy (5151), CNVM, Spain (4892), Finanstilsynet, Norway (FT00118545)
In India, Finvasia is registered with Reserve Bank of India as NBFC, National Stock Exchange of India as Professional Clearing Member (M51912), Bombay Stock Exchange (4043), Multi Commodity Exchange of India (55135) and NCDEX as a trading member (01259), Association of Mutual Funds of India (103331) and CDSL as Participating Custodian (12084300).
Find out more: https://finvasia.com/