FNG Unique… FNG has discovered from firm sources that FCA regulated FX and CFDs dealer Valutrades has raised an extra quantity of capital, forward of a deliberate rebranding and tech improve.
Particularly, Valutrades has raised £823,499 (USD $1.0 million) in new capital with the allotment of latest firm shares. The corporate’s share capital, after the newest capital injection, has elevated to £8,220,000. The capital comes from present shareholders led by Anil Bahirwani, the founding father of Valutrades, PT Surya Anugrah Mulya and AMB Megatrend monetary companies enterprise.
We had lately reported that Valutrades posted robust outcomes for its most up-to-date fiscal yr (2022), with Revenues up 47% to £6.5 million and Internet Revenue of £735K, versus a £472K loss the prior yr.
Graeme Watkins, CEO of Valutrades, commented to FNG:
“The extra capital might be used to help some thrilling new developments together with a world rebrand and completely new expertise stack. We are able to’t wait to share extra about these within the coming months.”