AxiCorp, a provider of foreign exchange (FX) and contracts-for-difference (CFDs), has managed to garner a private equity investment from RGT Capital, an Australian equity firm, according to a company statement.
Australian-based AxiCorp currently boasts offices in the Antipodes, Dubai, and London, with institutional clients in upwards of 150 countries. Its latest investment from RGT Capital will help it expand and diversify its comprehensive offering, which already was looking to expand regionally.
For its part, RGT Capital is an Australian Private Equity firms. RGT Capital did not disclose an official figure, however the investment constitutes the first such opportunity for AxiCorp, which has ramped up its offering as of late. Previously, RGT Capital has focused mostly in the UK and US markets, with its investment in AxiCorp representing a new focus in the Asia-Pacific (APAC) region.
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As such, the latest investment is a further endorsement to the growing Australian FX and CFD market, which has been a destination for a constellation of other investments and offerings in recent years.
According to Rajesh Yohannan, AxiCorp’s Chief Executive, in a recent statement on the investment: “This is a significant and exciting time for us. And to have the backing of RGT Capital means we can accelerate our expansion and diversification plans.”
“We have well-developed plans for expansion both geographically and in terms of product offering. And this investment means we can accelerate those plans. In assessing funding and investment options, of course the investment was welcome, but for us it is always about working with someone who ‘gets it’,” he added.
“We have a proven history of investing in innovative companies who are on the cusp of transforming their business model and entering a period of significant growth,” reiterated RGT Capital’s Chief Investment Officer, Adam Wilson.
“With the in-coming management team adding strength to the existing Executives and AxiCorp’s focus on technology, scale and client championship, I believe we’ve found another gem. We’re absolutely delighted to be on board and we look forward to working with Rajesh and his team to ensure Axi realises its fullest potential.”