FINVASIA Group announced today that it has acquired ActTrader Technologies (formerly ActForex) , a pioneer in building financial technology products.
ActTrader has a strong heritage as a Fintech solution provider, drawing on more than 20 years of operational excellence. It was founded in year 2000 in United States of America and has served almost over 2 million retail traders in over 100 countries. The company has processed over $400 trillion in transaction volume and has acted as the core technology provider to some of the largest financial institutions in the world.
FINVASIA Group is a multi-disciplinary, multinational organization that owns multiple brands in the financial services, fintech, blockchain and technology sectors. Recently, as FX News Group has reported, Finvasia acquired Fxview, a Cyprus-based financial services company, to expand its presence in the European market.
“FINVASIA believes in the democratization of the financial system and believes that technology can lead this change,” said Sarvjeet Singh, Managing Director of FINVASIA Group. “Uniting our companies will allow us to drive new innovations and create fintech solutions that not only address today’s requirements but are also flexible enough to meet tomorrow’s technological advances.”
Effective immediately, ActTrader will become a subsidiary under the FINVASIA Group, with Ilya Sorokin continuing as the CEO and all current management and associates remaining in place.
Founder and CEO of ActTrader Technologies, Ilya Sorokin stated,
“This acquisition broadens our footprint and strengthens our ability to serve new clients, well and long into the future. As we continue to grow and expand, the ability to provide our clients with innovative next-gen financial technology products is a significant step in our journey.”