Finvasia Acquires Social Trading Platform ZuluTrade

Finvasia, a financial services holding company, announced on Tuesday that it has acquired a major social trading network, ZuluTrade to increase its share in the investment market.

“At Finvasia, we value creativity and innovation,” Tajinder Singh, Co-Founder and CEO at Finvasia, said. “Our goal is to create an ecosystem that supports the financial needs of an individual across investing, saving, spending and lending.”

“Adding ZuluTrade to our suite of offerings is another step in creating a wholesome ecosystem that will broaden our technological offerings across institutional and retail investors.”

An Early Player in Social Trading Market

Headquartered in Greece, ZuluTrade was founded in 2007 and is offering a social network for trading and investing. The platforms enable brokerages to tap its services as a third party for providing popular services like copy trading.

Along with ZuluTrade, the acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term deal includes AAAFx, which holds a portfolio management license from HCMC and is the default broker for the services of ZuluTrade.

The acquisition came as a part of Finvasia’s push to expand its presence across Europe, North America and the Middle East. The company is making various organic and inorganic attempts to expand offerings for its retail and institutional investor base.

“Since Finvasia expanded into Europe, we continue to cement our footprint in this fast-growing and sizable fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term and financial services market,” added Sarvjeet Singh Virk, Co-founder and Chief Managing Director of Finvasia Group.

“We are excited to acquire ZuluTrade, which further enhances our offering and widens our customer base across Europe and around the world.”

Apart from ZuluTrade, Finvasia owns more than a dozen financial services brands. Earlier this year, the company acquired the Cyprus-based broker, Fxview and the tech provider, ActTrader Technologies.