Article - AxiCorp

AxiCorp now a global player in the FX and CFD industry

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SYDNEY: 5 August 2016: Australian-owned Forex (FX) and Contracts For Difference (CFD) trading provider AxiCorp has announced that it has secured a significant strategic investment from RGT Capital, one of Australia’s prominent Private Equity firms. “This is a significant and exciting time for us,” said Rajesh Yohannan, AxiCorp’s Chief Executive. “And to have the backing of RGT Capital means we can accelerate our expansion and diversification plans.”

AxiCorp now a global player in the FX and CFD industry

AxiCorp is one of the few Australian-owned FX and CFD trading companies and is now recognised as an emerging force in the global retail FX and CFD market. With operations in Australia, Dubai and London, AxiCorp provides FX and CFD trading services to retail and institutional clients in more than 150 countries.

According to Yohannan, “We have well-developed plans for expansion both geographically and in terms of product offering. And this investment means we can accelerate those plans.”

Mr Yohannan added, “In assessing funding and investment options, of course the investment was welcome, but for us it is always about working with someone who “gets it”. RGT have a well-established track record in and around our space. They get it. That they understand all the nuances and risk metrics of this industry means they will add immeasurably to the refinement of our operational focus.”

Australian FX and CFD industry now attracting significant investors

RGT Capital’s investment in AxiCorp is one of the first major and significant investments by a private equity firm in an Australian owned FX and CFD company, where historically investment has been focussed on the more established UK and US markets. This development is a clear sign the maturing Australian FX and CFD sector is now becoming an attractive proposition for strategic investment.

The transaction was completed only a few months after AxiCorp appointed a stronger top management team led by Yohannan, who was formerly head of Citibank’s global mobile banking arm and more recently CEO of OANDA Asia Pacific.

RGT Capital’s Chief Investment Officer, Adam Wilson, “We have a proven history of investing in innovative companies who are on the cusp of transforming their business model and entering a period of significant growth,”

“With the in-coming management team adding strength to the existing Executives and AxiCorp’s focus on technology, scale and client championship, I believe we’ve found another gem. We’re absolutely delighted to be on board and we look forward to working with Rajesh and his team to ensure Axi realises its fullest potential.”

About AxiCorp

AxiCorp is a wholly Australian-owned Australian FX provider and is a recognised emerging force in the global FX and CFD industry. With operations in Australia, Dubai and London, AxiCorp provides FX and CFD trading services to retail and institutional clients across the globe.

About RGT Capital

RGT Capital is a private equity firm providing growth capital to a variety of businesses both in Australia and internationally.

AxiCorp welcomes enquiries from prospective partners around the world. For more information please contact us.

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AXICORP FINANCIAL SERVICES PTY LTD DISCLAIMER

AxiCorp (ACN 127 606 348) is authorised and regulated by the Australian Securities & Investments Commission (ASIC) AFSL number 318232. Investing in over-the-counter derivatives carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset. AxiCorp is not a financial adviser and all services are provided on an execution only basis. AxiCorp is authorised to provide general advice only and information is of a general nature only and does not take into account your financial objectives, personal circumstances. AxiCorp recommends that you seek independent personal financial advice. Any views or opinions expressed do not necessarily represent those of AxiCorp.