Trading 212 Receives More £6 Million Capital from Controlling Shareholders

Fazzaco learned that online CFD and FX broker Trading 212 UK Limited has secured an additional capital of £6.0 million (USD $8.5 million), made by controlling shareholders Borislav Nedialkov and Ivan Ashminov.

So far, the base capital reached £10.8 million. The broker will use the investment to support the growth of the business both current and expected in the future.

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Over the last year, Trading 212 has achieved a significant jump in all financial metrics such as number of clients, client assets and trading volumes. While that growth has (likely) come with an increase in profitability at Trading 212, it also requires more capital.

Trading 212 group revenue totaled £29.7 million (USD $41 million) in 2019, and that figure was expected to be higher in 2020. The company also announced in August 2020 that it had reached $1 billion in client assets after posting in July that more than 500,000 people have opened and funded Invest and ISA accounts.

As Fazzaco reported last month, the company has onboarded its new CEO Mukid Chowdhury​, former Tickmill executive, following the resignation of its former CEO Nick Saunders in March.