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ETX Capital Acquire UK FinTech Firm Oval Money
Monday 17 May 2021

UK-based online CFD broker ETX Capital has agreed to acquire substantially all assets of UK-based fintech company Oval Money Ltd. to broaden range of financial services and products offerings, the company said.

ETX Capital is a portfolio company of Swiss private equity firm Guru Capital.

Terms of the transaction were not disclosed.

Guru Capital is in the process of negotiating the acquisition by an associated fund of 100% of the shares of Oval Money Ltd's Spanish regulated investment firm subsidiary, Oval Marketplace A.V., S.L.

These acquisitions will help accelerate business growth and client engagement by supporting clients in setting smart rules for defining their savings habits and investment goals, making payments, and tracking spending as well as trading in the financial markets through a single mobile app.

ETX is an online CFD and Financial Spread Betting brokers, providing online trading services primarily to UK and European clients with access to over 5,000 markets including Stocks, Indices, Commodities, Forex and Cryptocurrencies.
Date Published: 17/05/2021