Investoo Group has acquired social trading comparison site SocialTradingGuru.com for an undisclosed fee.
Social trading connects investors through a platform. They can then share information with the network and make more informed decisions.
Launched in 2012, SocialTradingGuru.com claims to be one of the biggest social trading comparison sites and works with the likes of eToro, Ayondo and Tradeo.
The deal includes all existing revenue share accounts.
“Social and copy trading represents an excellent market for us to expand our products and services into,” Investoo Group CEO Adam Grunwerg said.
“It is also a strong platform to build our own SEO and revenue share business.
“We plan to capitalise on the acquisition of SocialTradingGuru.com by launching in a number of new languages and on a new design.”
David Merry, chairman of the board at Investoo Group said the London-based financial trading specialist was actively looking for new partnerships and website acquisitions.
“We have grown more than 10-fold since the beginning of the year and look forward to working with new partners,” he said.
BELOW: Flick through the Q2 2017 edition of BusinessCloud’s interactive digital magazine