Skilling Raises €10 Million in Seed Funding Round

On January 17, Skilling, a forex and CFD online Trading Platform based in Cyprus, announced that it had raised €10 million in a new funding round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term. The foreign exchange company stated that the new capital adds to the €15 million in the funding raised by the firm over the previous 18 months from what it called ‘seasoned Scandinavian investors’. However, the company did not provide any specific names nor elaborate more about the ‘Scandinavian investors’.

Skilling plans to use the new funding to accelerate its recruitment of talented professionals and advance its proprietary trading technology in order to remain adaptive in the ever-changing landscape of investing and online trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term.

Michael Kamerman, the Group CEO of Skilling, said: “This fundraising round represents the beginning of the next phase of Skilling’s growth as we further assert ourselves in the fintech industry. We are pleased to have several forward-looking investors from various countries committed to contributing to Skilling’s long-term growth.”

The fundraiser comes after what Skilling describes 2021 as an exciting year for the company. During that year, the firm launched multiple products and services like its introducing broker and affiliate program bespoke partnership portal that adds transparency and functionality for partners, and also the launch of the Skilling Copy platform where consumers can follow or copy thousands of trading strategies. In 2021, Skilling was one of the first brokers to provide trending products. For instance, its 'meme trading' culture attracted wide attention from traders and the general public throughout the year.

Skilling is keen to stay-up-to-date with current trends and remains dedicated to fulfill its vision. The company’s vision is to provide simple, but robust technology that allows consumers to navigate their investments and trading throughout the customers’ financial life. Such a long-term vision with investment in in-depth proprietary technology stacks supported by some of the industry’s most talented workforce will accelerate Skilling’s position within its current industry and beyond.

Pushing towards Global Reach

The latest development by Skilling comes at a time when the online trading platform is committed to pushing toward its global expansion. In the recent past, the FX company secured approval from the Financial Conduct Authority (FCA) to establish a branch in the UK as part of the company’s effort to extend its global presence. Skilling is regulated by several jurisdictions, with licenses under the Financial Services Authority (FSA) in Seychelles, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and then the FCA UK Branch authorization. The firm is a growth-stage broker that provides online trading with over 800 instruments. It is a multi-asset broker with offerings in commodities, cryptocurrencies, forex, indices and share CFDs.