Webull Corporation, the entity behind the Webull trading platform with a global download count exceeding 40 million, has finalized the acquisition of all outstanding shares of Miflink S.A.P.I. de C.V. (Flink).

Mexican Market Launch: Focus on Technology-Based Solutions

Flink, headquartered in Mexico City, provides Mexican customers with the chance to invest in fractional shares of US listed companies without incurring commissions.

Ruben Guerrero, the Head of Latin America at Webull, commented on the launch in Mexico, highlighting the young and vibrant population in the market and their demand for technology-based wealth-building solutions. Webull plans to enhance Flink's platform by integrating its technology and introducing local Mexican investment and cash management products in the coming months.

Flink's customers will retain access to trading US stocks over the Flink platform. Webull aims to broaden Flink's offering by providing a broader set of investment products, user-friendly technology, and customer support. Additionally, as a part of the transaction, Webull gains ownership of Mexican brokerage Vifaru Casa de Bolsa, pending regulatory approval from Mexico's CNBV, a purchase initially agreed upon by Flink in May 2022.

Webull, known for its mobile trading platform, initially launched in the US in 2018. Similarly, Flink started in 2018 in Mexico as one of the first investment platforms allowing Mexican investors access to US markets.

Anthony Denier, the Head of the Americas and Europe for Webull, stated: "We are excited to launch our expansion into the Latin American market with the acquisition of Flink. Given our success in the United States and the establishment of our global headquarters in St. Petersburg, Florida, the Mexican market is a natural next step in our efforts to democratize finance for investors across the world.”

“We anticipate using Mexico as a springboard into greater Latin and South America, where we believe there is a strong desire among retail investors to access global markets."

Webull leaps into Mexico with acquisition of stock trading app Flink https://t.co/frvJxENnYG by @bayareawriter

— TechCrunch (@TechCrunch) November 28, 2023

Webull Expands Global Reach with Entry into Indonesian Market

Finance Magnates reported that Webull had extended its global presence by entering the Indonesian market, capitalizing on the growing number of investors in the region. Over the past seven years, the trading platform has expanded to various countries, including Singapore, Australia, South Africa, the United Kingdom, and Japan.

Bernard Teo, the Head of Asia-Pacific at Webull, expressed confidence in the significant potential of the Indonesian market. In July, Webull also launched its operations in the United Kingdom, offering US-listed equities and fractional shares. Denier showed optimism about the UK market and hinted at tailored product offerings. Additionally, Webull expanded its presence in the Asia Pacific region with retail brokerage services in Australia, following successful launches in Hong Kong and Singapore.