FX & CFD Broker Zenfinex Raises £5m
Forex broker Zenfinex Limited revealed it has recently completed a Series A funding round, raising £5 million.
The Financial Conduct Authority (FCA) currently regulates the foreign exchange and contracts for the difference broker. It will put the cash raised during the funding round towards its global operations.
Clients can expect a number of changes on the horizon for the trading provider.
Zenfinex Looks into Geographical Expansion
These changes include geographical expansion across Asia, the Middle East, and further throughout Europe. The expansion of its product offering will also be a part of these changes.
Zenfinex Technologies Limited is currently leading the recent funding round. Oscar Hilt Tatum IV heads the company.
Choosing to lead the Series A funding round for Zenfinex was an easy decision, Oscar Hilt Tatum IV said. This was after spending the past 14 years in the private equity space. He said that they are focused on large scale real estate development, healthcare, technology, and timber companies.
They thus wanted to enter the fintech space with an FCA broker that has a strong management team already in place. Also, the company shares an ambition and vision alongside CEO Nick Cooke. They want to form a successful global operation with offices worldwide beginning with the FCA headquarters in Mayfair, London.
He’s excited to see Zenfinex become a global disruptor and watch Nick and the team introduce Zenfinex to the world.
Nick Cooke started Zenfinex, a professional within the finance industry with experience in forex, CFD, and equity sectors. The company formed in November 2017 and got regulation in March of 2019.
He’s delighted to be heading up the project with Hilt and his team. As the industry gets ever more competitive, it is increasingly important to be well capitalised, Cooke said. They have an ambitious plan to expand their operations to Asia, the Middle East, and elsewhere in Europe.
Their aim is to become a multi-regional team by the end of the year. They have exciting plans to achieve additional global regulatory licenses and expand their product offering. Furthermore, they plan to hire a talented team of industry experts to assist with the project and its vision.
