Taurex's Head of LATAM Jeffrey Navarro Announces Departure

Friday, 12/04/2024 | 14:17 GMT by Tareq Sikder

Navarro led Taurex's LATAM division for over 2 years, contributing to its regional growth.

The firm previously concluded its Series B funding round securing $15 million.

Jeffrey Navarro, the Head of LATAM (Latin America) at Taurex, announced his departure from the company today (Friday). Navarro, who has served in Taurex's operations in the Latin American region, conveyed his gratitude to his colleagues and the company in a farewell message.

Announcing Departure and Career Transition

Expressing his sentiments on LinkedIn, Navarro marked the occasion as his final day at Taurex, indicating his transition to a new professional chapter. He shared: "Today marks my last day at Taurex. I will now be another member of the company's worldwide fans cheering from afar."

He expressed his gratitude to the entire Taurex team, emphasizing the exceptional resilience and excellence of the Taurex LATAM team, which he regarded as among the top performers in the region.

Navarro held the position of Head of LATAM at Taurex for over 2 years. Prior to this role, he served as the Regional Manager for LATAM & Spain at Tickmill for approximately 3 years. Preceding his tenure at Tickmill, he worked as an Account Manager for Spain & Latin America at AxiCorp for over 2 years. Additionally, Navarro gained valuable experience as a Business Development Manager at Fotrad LTD for approximately 3 years.

Zenfinex Rebrands to Taurex, Closes $15M Series B Funding

The Zenfinex Group now rebranded its retail arm to Taurex, recently closed its Series B funding round, securing $15 million. The funding was spearheaded by Oscar Hilt Tatum IV, as reported by Finance Magnates. Operating as Taurex for B2C and Zenfinex for B2B, the company plans to bolster its proprietary technology with the investment. These plans include a mobile app and web platform slated for release in 2024.

Besides technology, funds will support team expansion, regulatory compliance, and marketing efforts. This round follows a $5 million Series A led by Tatum IV. Originally a UK-based boutique brokerage, Taurex presently operates across multiple jurisdictions, experiencing significant revenue growth but remaining at a loss due to substantial technology investments.

Announcing Departure and Career Transition

He expressed his gratitude to the entire Taurex team, emphasizing the exceptional resilience and excellence of the Taurex LATAM team, which he regarded as among the top performers in the region.