Australia-headquartered ThinkMarkets has closed a $30 million funding package, the forex and CFDs broker announced on Friday. The proceeds will be utilized in expanding the company’s business across multiple verticals in several jurisdictions globally.
The investment came from Mars Growth, a joint venture fund of Liquidity Group and MUFG. ThinkMarkets was introduced to the venture fund by Singapore-based ARC Investments.
“This funding package, supported by leading institutional investors, gives our business the liquidity to scale rapidly in line with our business growth objective,” said Nauman Anees, the Co-Founder and CEO of ThinkMarkets.
Mars used its proprietary artificial intelligence technology platform Liquidity Analytics to complete the funding.
“We founded Liquidity and invented our patented artificial intelligence technology to help companies like ThinkMarkets create value,” Ron Daniel, Liquidity Group’s Co-Founder and CEO, said. “Our AI platform allows us to move at light speed – going from application to term sheet in 24 hours vs. an industry average of 6-12 weeks.”
Expansion
The funding came when ThinkMarkets is exploring business opportunities in new areas. It jumped into the institutional segment last year with the launch of the United Kingdom-registered platform, Liquidity.net.
Furthermore, the broker inked a big-ticket deal with Liverpool FC last year to further promote its brand.
“Our exceptional growth in recent years has been underpinned by a significant increase in products available on our world-leading multi-asset trading platform . Our ambitions to continue to rapidly scale are entrenched in strong geographical expansion plans and significant new product developments to benefit our client’s trading and wealth management needs in an increasingly borderless investing world,” Anees added.
Australia-headquartered ThinkMarkets has closed a $30 million funding package, the forex and CFDs broker announced on Friday. The proceeds will be utilized in expanding the company’s business across multiple verticals in several jurisdictions globally.
The investment came from Mars Growth, a joint venture fund of Liquidity Group and MUFG. ThinkMarkets was introduced to the venture fund by Singapore-based ARC Investments.
“This funding package, supported by leading institutional investors, gives our business the liquidity to scale rapidly in line with our business growth objective,” said Nauman Anees, the Co-Founder and CEO of ThinkMarkets.
Mars used its proprietary artificial intelligence technology platform Liquidity Analytics to complete the funding.
“We founded Liquidity and invented our patented artificial intelligence technology to help companies like ThinkMarkets create value,” Ron Daniel, Liquidity Group’s Co-Founder and CEO, said. “Our AI platform allows us to move at light speed – going from application to term sheet in 24 hours vs. an industry average of 6-12 weeks.”
Expansion
The funding came when ThinkMarkets is exploring business opportunities in new areas. It jumped into the institutional segment last year with the launch of the United Kingdom-registered platform, Liquidity.net.
Furthermore, the broker inked a big-ticket deal with Liverpool FC last year to further promote its brand.
“Our exceptional growth in recent years has been underpinned by a significant increase in products available on our world-leading multi-asset trading platform . Our ambitions to continue to rapidly scale are entrenched in strong geographical expansion plans and significant new product developments to benefit our client’s trading and wealth management needs in an increasingly borderless investing world,” Anees added.
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