FINVASIA Acquires ActTrader Technologies
- The Group recently announced the acquisition of Fxview.

FINVASIA Group, a multi-disciplinary organization that invests in technology-oriented businesses and products, announced yesterday that it has acquired ActTrader Technologies (formerly known as ActForex).
According to the press release, ActTrader will become a subsidiary under the FINVASIA Group with immediate effect. The Group added that Ilya Sorokin, CEO of ActTrader Technologies, will continue to serve as the Chief Executive Officer. ActTrader’s current management and associates will also remain in place.
Founded in 2000, ActTrader is one of the pioneers in the global financial technology (fintech) sector. The company acted as a core technology provider to some of the leading financial firms around the world. Also, ActTrader processed more than $400 trillion in transaction volume.
Commenting on the recent acquisition, Sarvjeet Singh, Managing Director of FINVASIA Group, said: “FINVASIA believes in the democratization of the financial system and believes that technology can lead this change. Uniting our companies will allow us to drive new innovations and create fintech solutions that not only address today's requirements but are also flexible enough to meet tomorrow’s technological advances.”
The latest announcement from FINVASIA Group came nearly one month after the Group acquired a 100% stake in a Cyprus-based financial services provider, Fxview for an undisclosed amount.
Acquisition
FINVASIA Group owns different brands in fintech, Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term, financial services and the technology sector. Through the latest acquisition of ActTrader, the Group is planning to expand its presence in the financial technology sector. "This acquisition broadens our footprint and strengthens our ability to serve new clients well and long into the future. As we continue to grow and expand, the ability to provide our clients with innovative next-gen financial technology products is a significant step in our journey," Founder and CEO of ActTrader Technologies, Ilya Sorokin, commented.
FINVASIA Group, a multi-disciplinary organization that invests in technology-oriented businesses and products, announced yesterday that it has acquired ActTrader Technologies (formerly known as ActForex).
According to the press release, ActTrader will become a subsidiary under the FINVASIA Group with immediate effect. The Group added that Ilya Sorokin, CEO of ActTrader Technologies, will continue to serve as the Chief Executive Officer. ActTrader’s current management and associates will also remain in place.
Founded in 2000, ActTrader is one of the pioneers in the global financial technology (fintech) sector. The company acted as a core technology provider to some of the leading financial firms around the world. Also, ActTrader processed more than $400 trillion in transaction volume.
Commenting on the recent acquisition, Sarvjeet Singh, Managing Director of FINVASIA Group, said: “FINVASIA believes in the democratization of the financial system and believes that technology can lead this change. Uniting our companies will allow us to drive new innovations and create fintech solutions that not only address today's requirements but are also flexible enough to meet tomorrow’s technological advances.”
The latest announcement from FINVASIA Group came nearly one month after the Group acquired a 100% stake in a Cyprus-based financial services provider, Fxview for an undisclosed amount.
Acquisition
FINVASIA Group owns different brands in fintech, Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term, financial services and the technology sector. Through the latest acquisition of ActTrader, the Group is planning to expand its presence in the financial technology sector. "This acquisition broadens our footprint and strengthens our ability to serve new clients well and long into the future. As we continue to grow and expand, the ability to provide our clients with innovative next-gen financial technology products is a significant step in our journey," Founder and CEO of ActTrader Technologies, Ilya Sorokin, commented.