Egypt: 42Markets Group raises $10mln in investment led by Convergence Partners

Egypt: 42Markets Group raises $10mln in investment led by Convergence Partners

The 42Markets Group, which specializes in financial investments, has announced that it has obtained new financing investments of $10m from Convergence Partners, an investment company specialized in investing in venture capital in the financial markets.

Andreas Brink, CEO of 42Markets Group, said that obtaining this financing is a positive vote on the confidence of investors in the importance of the positive impact of investments in digital infrastructure, whether in emerging or mature markets, explaining that the company “Andile”, a British specialist In providing advisory services to the capital markets, it is the most mature company, and it also provides deep expertise in the markets to help the finance and trade departments within banks in developing electronic solutions and software with the aim of simplifying the infrastructure for their digital transformation operations, and making it an easier and faster. The company currently serves investment banks and central banks across Africa, the United Kingdom, the European Union, Australia and India.

He added that the group includes a number of other companies, including the emerging business platform FXFlow (SA), which is a platform for managing risks and displaying the currency exchange rate, and aims to maximize the real added value for both importers and exporters