The London-based, Fx and cryptocurrency affiliate company Investoo Group has announced its entry into the US financial affiliate and trading business through the acquisition of trading education website, VantagePointTrading.com.
The acquisition will help Investoo Group to penetrate the US market which till now was missing from its portfolio. VantagePointTrading.com is established in 2007 by Calgary-based Chartered Market Technician Cory Mitchell. Over the past decade, it has established as one of the trusted and most preferred brands for video courses, tutorials and free-ebooks.
According to the statement released by Investoo Group post the acquistion, it plans to diversify the forex, stocks and share trading website with an end goal of turning it into a recognised platform among investors and traders for learning. The new version of the site will be developed which will include practical and stimulating digital resources such as guides, videos and industry news.
David Merry, CEO and Chairman of The Board of Investoo Group commented:
“Investoo Group is overjoyed to have VantagePointTrading.com on-board as we advance into another powerful country. This acquisition will help us gain strong exposure and influence with US audiences, and comes as a natural step for Investoo Group. Once our team of experts have rebuilt and redesigned VantagePointTrading.com, the site will have the capabilities to turn trading novices into trading experts.”
Started in 2016, Investoo Group has become one of the largest financial lead generations company in the world and has generated around $18 million in revenue in 2017. Investoo Group has mainly focused on inorganic growth to fuel its growth and has made six acquisition since December 2016 including Bitcoinmag.de, SocialTradingGuru.com, Invezz.com, 100ForexBrokers.com, RoboAdvisors.com and most recently it bought Dutch cryptocurrency portal Cryptostart.nl.
In the past one year, it has built a strong team of 50 employees, secured a credit line of £7.5 million. The group is backed by investors including Kinetic Investments and Optimizer Invest. A few days back it has appointed Jamie Beadle as Chief Operating Officer to lead the group’s operational delivery and drive growth through effective operational processes.