M4Markets, which offers forex and contracts for differences (CFDs) trading services, announced on Tuesday that it has completed a capital raising round with the sale of a 'significant stake' to a strategic investor.
However, the company did not disclose either the identity of the new investor or the amount it has received. The percentage of the sold stake is also not known.
“Raising capital and attracting investors has been a priority over the past few months as we realized that M4Markets has grown exponentially, and we needed to optimize our technology and service offering in order to cater to our ever-growing client base,” M4Markets' CEO, Deepak Jassal said in a statement.
Expansion Plans
The broker has several plans with freshly raised proceeds. It wants to utilize the capital in accelerating growth by enhancing products and services with the implementation of advanced technologies and automation solutions. In addition, the company wants to improve its corporate governance and ESG frameworks, with the aim of bringing in experienced professionals.
Further, the broker, which is now operating with a Seychelles license, is planning to use the funds for geographic expansion, by entering new markets and regions.
“Our success has set us apart not only in terms of how investors see M4Markets, but especially in how our clients perceive us,” said M4Markets’ Group Business Development Officer, Nick Jay.
“We have been committed from the beginning to offering a competitive trading environment for our traders because we simply consider them our biggest asset, and we couldn't be happier with this new development which will allow us to go out, meet and reach out to an even bigger number of traders.”
Furthermore, the funding came after a positive first quarter in 2022, the broker highlighted. However, it again did not furnish any performance metrics.
“Over the past few months, we broke our monthly record over and over again, and we feel that the new capital along with the expertise and leadership brought by the new investor group will enable us to change league altogether and increase substantially the value for our clients,” Jassal added.
