Finvasia Group Acquires Fintech Solution Provider ActTrader

Fazzaco learned that FINVASIA Group, a fast growing FinTech company, has announced the acquisition of ActTrader Technologies, formerly known as ActForex.

Effective immediately, ActTrader will become a subsidiary under the FINVASIA Group, with Ilya Sorokin continuing as the CEO and all current management and associates remaining in place.

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Founded in 2000 in the US, ActTrader is an industry-leading brokerage solution provider with more than 20 years of operational excellence. The Fintech solution provider has served almost over 2 million retail traders in over 100 countries. In addition, the company has processed over $400 trillion in transaction volume and has acted as the core technology provider to some of the largest financial institutions in the world.

Ilya Sorokin, founder and CEO of ActTrader Technologies, commented, “This acquisition broadens our footprint and strengthens our ability to serve new clients, well and long into the future. As we continue to grow and expand, the ability to provide our clients with innovative next-gen financial technology products is a significant step in our journey.”

Let' s recall that, FINVASIA Group announced in last month its acquisition of CySEC-regulated broker Fxview​, a brand of Cyprus investment firm Charlgate Ltd. The group has acquired 100% stake in the company for an undisclosed amount.