Oval and ETX Capital Merge their Brands for Financial Ingenuity and InclusionNovember 18, 2021
On Thursday, Oval announced that it will conclude the process of incorporating itself with ETX Capital, an international fintech company.
Oval is going to concentrate on developing finance to be more client-centric, since its recent transition period having been acquired by ETX back in April 2021. Also, it echoed its plans for the near future with a team of around 180 workers across 3 offices in Italy, the UK and Cyprus.
Some of the benefits of this fusion include financial durability and an injection of broad experience from the industry. Consequently, it will enable the corporation to evolve and offer Oval users alternatives to current investments and trading market opportunities on a global scale.
Thus, Oval and ETX will cultivate a single identity and Brand, combining Oval’s accessible finance with ETX’s expertise and heritage in the financial markets. By utilising the collective resources of these two organisations along with their industry knowledge, Oval will concentrate on technological innovation to advance its customer approach. Additionally, Oval will gain from the financial markets experience that ETX Capital brings, along with the new personalised customers’ savings and investment services.
Currently, Oval is enhancing its team to back its objectives. Further, it is on the lookout to recruit more skilled individuals eager to advance the fintech industry as well as assist the enterprise in developing the brand from a start-up to having a strong presence in the industry.
A Renewed Trading Offering
Commenting on the unity, Claudio Bedino, CMO of Oval, remarked: “New features will be announced over the next few months, but Oval’s vision and the values it has carried over the years will not change. The company’s business, the product, will always be aimed at helping you build good financial habits through savings and investments using modern technologies. All of this will be accompanied by a renewed trading offering that is consistent with the smart qualities associated with our brand.”
Back in September, ETX Capital announced that it had experienced a 48 percent Jump in revenue, with a total of £31.8 million. Further, the total client assets on the platform leapt by 57 percent to a record £225 million.
Furthermore, the UK-based broker obtained a regulatory license from the South African Financial Sector Conduct Authority (FSCA), earlier in the year. This ties in with its recent merger as the broker moves to expand its services globally, especially beyond Europe.
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