Foreign exchange and CFDs trading affiliate Investoo Group announced on Thursday that it has breached the US market by acquiring the trading resource VantagePointTrading.com. The firm will leverage this partnership to penetrate the market further, it said in a statement.
Vantage Point Trading’s website is the latest addition to the firm’s varied portfolio of fintech websites. It was launched in 2007 and over the past decade has established itself as a leading education platform for traders. Through its website, it provides content such as video courses, tutorials, and free ebooks.
According to the statement, Investoo plans to diversify the forex, stocks and shares trading website. Its end goal is to turn it into a recognized platform where investors can go to learn more about trading. The new version of the site will include digital resources such as guides, videos, and industry news.
Commenting on the acquisition, David Merry, the CEO and Chairman of The Board of Investoo Group said: “Investoo Group is overjoyed to have VantagePointTrading.com on-board as we advance into another powerful country.”
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“This acquisition will help us gain strong exposure and influence with a US audience, and comes as a natural step for Investoo Group. Once our team of experts have rebuilt and redesigned VantagePointTrading.com, the site will have the capabilities to turn trading novices into trading experts.”
Another Acquisition for Investoo
Throughout last year Investoo Group was actively building up its portfolio of fintech websites and acquired a number of companies. Towards the end of last year, Finance Magnates reported that the firm acquired German cryptocurrency portal Bitcoinmag.de.
The acquisition of the German language portal for the cryptocurrency market completed the group’s existing crypto holdings, which includes ethereum-kaufen.de and coinlist.me.
Shortly before the acquisition of Bitcoinmag.de, Investoo secured a credit line of GBP 7.5 million. This will go towards the firm’s aggressive growth strategy, with the company acquiring several businesses in 2017 and now VantagePointTrading.com.