Breaking: Divisa Capital Raises US$100 million

Monday, 16/01/2017 | 09:14 GMT by Victor Golovtchenko
  • Divisa is aiming to use the funds to aggressively expand its institutional liquidity business.
Breaking: Divisa Capital Raises US$100 million
Mushegh Tovmasyan

Institutional foreign exchange and CFDs Liquidity provider Divisa Capital has announced that it has raised an additional $100 million to expand its business. The main investor in the company is a Saudi Arabian family office that has provided $70 million.

Divisa Capital is aiming to enhance its liquidity offering and deliver to its clients new products and services. The funding from the Gulf region is subject to regulatory approvals.

To achieve the full $100 million, Divisa Capital turned to a consortium of investors from Saudi Arabia and the United Arab Emirates. The additional tranches are set to be completed later in 2017 and are also subject to regulatory approval.

Commenting on the news, the CEO of Divisa Capital, Mushegh Tovmasyan, said: “Over the past eight years, Divisa Capital has established itself as the brokerage of choice for a diverse range of institutional and professional clients.”

“We are now ready to expand our capital base in readiness for the next phase of the company’s journey. Our ability to attract investment of this scale speaks volumes for Divisa Capital’s market position and future outlook,” Tovmasyan explained.

The company is aiming to boost its relationships with prime brokers and to set up bilateral partnerships that offer clients enhanced liquidity.

Divisa Capital was founded in 2008 and has become one of the fastest growing non-bank Liquidity Providers in the industry in recent years. The company’s position became more attractive in the aftermath of the Swiss National Bank crisis, as prime brokers have significantly tightened their requirements for credit lines.

Foreign exchange brokerages that operate via an agency model use credit lines to access the market via prime brokers that deliver liquidity to the end client.

Institutional foreign exchange and CFDs Liquidity provider Divisa Capital has announced that it has raised an additional $100 million to expand its business. The main investor in the company is a Saudi Arabian family office that has provided $70 million.

Divisa Capital is aiming to enhance its liquidity offering and deliver to its clients new products and services. The funding from the Gulf region is subject to regulatory approvals.

To achieve the full $100 million, Divisa Capital turned to a consortium of investors from Saudi Arabia and the United Arab Emirates. The additional tranches are set to be completed later in 2017 and are also subject to regulatory approval.

Commenting on the news, the CEO of Divisa Capital, Mushegh Tovmasyan, said: “Over the past eight years, Divisa Capital has established itself as the brokerage of choice for a diverse range of institutional and professional clients.”

“We are now ready to expand our capital base in readiness for the next phase of the company’s journey. Our ability to attract investment of this scale speaks volumes for Divisa Capital’s market position and future outlook,” Tovmasyan explained.

The company is aiming to boost its relationships with prime brokers and to set up bilateral partnerships that offer clients enhanced liquidity.

Divisa Capital was founded in 2008 and has become one of the fastest growing non-bank Liquidity Providers in the industry in recent years. The company’s position became more attractive in the aftermath of the Swiss National Bank crisis, as prime brokers have significantly tightened their requirements for credit lines.

Foreign exchange brokerages that operate via an agency model use credit lines to access the market via prime brokers that deliver liquidity to the end client.

About the Author: Victor Golovtchenko
Victor Golovtchenko
  • 3424 Articles
  • 27 Followers
About the Author: Victor Golovtchenko
Victor Golovtchenko: Key voice in crypto and FX, providing cutting-edge market analysis.
  • 3424 Articles
  • 27 Followers

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