Darwinex, the UK-based broker and financial technology firm, announced today that the company has secured €3 Million in funding to pursue the company’s ambitious growth aspirations.
According to a press release shared with Finance Magnates, Stefan Jaecklin and Pinorena Capital, a Fintech -focused investment company led by entrepreneur Illimar Mattus, led the recent funding. The leading investors were joined by Darwinex co-founders and several key employees in the company.
Earlier this year, Darwinex launched trading in more than 60 futures and all US single stocks across Trader Workstation (TWS) platform to meet the growing demand of customers. The company expanded its product range to facilitate clients with quality trading options.
Commenting on the recent funding announcement, Darwinex Co-Founder and CEO, Juan Colón, said: “We are happy to see all co-founders and Darwinex team members participating in this round along with existing significant investor, Stefan Jaecklin. We are also pleased to see Pinorena Capital joining the rank of shareholders and bringing not only capital but also experience on how to scale and grow financial firms globally. We are now ready to bring our exceptional trading and capital-raising opportunities to a much larger global audience and disrupt the asset management industry.”
The UK-based financial services provider is regulated by the Financial Conduct Authority. Darwinex posted strong financial results for the financial year 2020 as revenues jumped significantly.
Product Range
Darwinex expanded its product range substantially in the last few years. The company offers a wide range of services including innovative fintech solutions. “Darwinex unique front-to-back Fintech solution enables successful traders and small to medium-sized hedge funds to easily convert its trading strategies into investable assets. A one-of-a-kind product that serves as a tool for successful traders to scale their income and gain access to external investor capital, everything within Darwinex's robust legal and technological ecosystem,” Darwinex mentioned.
“Successful traders also get access to DarwinIA, Darwinex monthly capital allocation of up to €90 million per annum, which supports strategies with solid fundamentals for generating returns,” the company added.
Founded in 2012, the financial firm has more than 50 employees across the company’s London headquarters and development office in Spain.
