Retail Forex News Gerald Segal October 5, 2023 FNG Exclusive… FNG has learned from company sources that FCA regulated FX and CFDs broker Valutrades has raised an additional amount of Capital, ahead of a planned rebranding and tech upgrade. Specifically, Valutrades has raised £823,499 (USD $1.0 million) in new capital with the allotment of new company shares. The company’s share capital, after the latest capital injection, has increased to £8,220,000. The capital comes from existing shareholders led by Anil Bahirwani, the founder of Valutrades, PT Surya Anugrah Mulya and AMB Megatrend financial services business. We had recently reported that Valutrades posted strong results for its most recent fiscal year (2022), with Revenues up 47% to £6.5 million and Net Profit of £735K, versus a £472K loss the prior year. Graeme Watkins, CEO of Valutrades, commented to FNG:“The additional capital will be used to support some exciting new developments including a global rebrand and totally new technology stack. We can’t wait to share more about these in the coming months.” Gerald Segal Gerald is the founder of FNG and is one of the most experienced writers covering the online trading sector. Prior to starting FNG, Gerald founded Forex industry B2B news website LeapRate.com in 2010, selling it in 2018 to publicly traded Catena Media plc (STO:CTM). An avid skier, cyclist and ice hockey player, Gerald was previously an investment banker for more than a decade at Bear Stearns, Robertson Stephens, and Merrill Lynch. Gerald holds an MBA from Columbia University in New York and a BCOM degree from the University of Toronto.

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