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Divisa Capital raises $100 million of new funds
It will be used for expansion and increase of interbank credit lines
February 20, 2017: Divisa Capital, a leader in providing innovative brokerage and trading technology solutions, has received $100 million of funding from a leading investor in the Gulf region, subject to regulatory approvals.
The funding comprises an initial tranche of $70 million from the principal behind a Saudi Arabian family office. Additional tranches from a consortium of investors in Saudi Arabia and the United Arab Emirates are expected to be completed later in 2017, subject to regulatory approvals, giving Divisa Capital over $100 million in cash to fund its long-term expansion plans.
Divisa Capital will use the new funds to boost its Prime Brokerage relationships and other bilateral partnerships offering clients enhanced liquidity along with introducing new products and services.
Mushegh Tovmasyan, CEO of Divisa Capital, 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”.
Established in 2008, Divisa Capital provides bespoke Forex and contracts for difference (CFD) liquidity to institutions and professional traders, and has a track record in the space of FinTech and innovation. It has registered offices in the UK, US, New Zealand and Armenia, and is the official Foreign Exchange Partner of the Premier League’s Watford Football Club.
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