CFI Expands into Azerbaijan with Acquisition of AzFinance Investment Company

Global online trading broker CFI has announced its entry into Azerbaijan through the acquisition of AzFinance İnveŞtisiya Şirkəti (AzFinance Investment Company). This move marks CFI as the first international firm to establish a local presence in Azerbaijan, demonstrating its commitment to engaging with local markets and communities.

With over 25 years of experience in online trading, CFI plans to introduce its advanced trading services to Azerbaijan. The country's growing significance in the global financial landscape, combined with its dynamic market and strategic location, presents ample opportunities for traders in the region.

AzFinance, which is licensed and regulated by the Central Bank of Azerbaijan under license number ISN/L-7/2016, will undergo rebranding as part of its integration into the CFI Group. The rebranded entity will offer CFI's extensive range of trading products, including equities, commodities, and currencies. The full launch of services and rebranding is anticipated in Q4 2024.

Hisham Mansour, Co-founder and Managing Director of CFI commented: "CFI is excited to expand into Azerbaijan and is committed to delivering exceptional trading services to this new territory. Azerbaijan holds significant strategic importance due to its vibrant market and economic potential. Our entry into this market through this acquisition showcases CFI's commitment to growth and our mission to bring superior trading services to a broader audience. We look forward to building strong relationships with traders in Azerbaijan and empowering their trading journey with the highest standards of excellence. I would like to thank everyone who worked on this acquisition and commend AZ Finance's ex-shareholders and management for its excellent track record, which we plan to build on."

This acquisition continues CFI's international expansion strategy, building on the significant growth in the past year, which saw the group launch in four new markets, including Egypt, Kuwait, Oman, and Palestine.