Guru Capital Signs Agreement to Acquire Oval Money
Guru Capital is pleased to announce that it has reached an agreement today to acquire substantially all of the assets of UK fintech firm Oval Money Ltd., which will be bought by the brokerage in contracts for difference (CFD) ETX Capital, a holding company of Guru Capital based in the United Kingdom, and integrated into its operations.
In addition, Guru Capital is in full negotiation for the acquisition of 100% of the shares of the Spanish subsidiary of Oval Money Ltd., Oval Marketplace AV, SL, through an associated fund.
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These acquisitions support the shared mission of ETX Capital and Oval Money to make a wide range of financial products and services accessible and affordable for everyone. Merger will accelerate business growth and improve client engagement by helping clients set smart rules for defining their savings habits and investment goals, making payments and tracking of their expenses, as well as to trade in the financial markets through a single mobile application.
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Winner of multiple fintech awards since its inception in 2017, Oval Money operates a very popular mobile application with over 100,000 active users, and helps them save and invest automatically and on a recurring basis through its product marketplace. financial.
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