The private equity fund Guru Capital, based in Switzerland, has announced that it has reached an agreement for the acquisition of all the assets of Oval Money, a British company active in the fintech sector.
According to what has been explained, Oval’s activities will be integrated into those of the online broker Etx Capital, another British company that is already part of the Guru Capital portfolio, which is also negotiating the acquisition of all the shares of Oval Marketplace, the headquarters Spanish by Oval Money.
Oval was born in 2017 and is best known for the app of the same name that allows you to invest and manage savings and has over 100,000 active users; Etx, on the other hand, is one of the leading brokers providing online trading services to UK and European clients and was founded in 1965.
In a joint note, the two companies explained that “these acquisitions are in line with Etx and Oval’s shared mission to make a wide range of financial services and products accessible and affordable for all: this merger will help accelerate business growth. and the involvement of customers, supporting them in setting intelligent rules to define savings habits and investment objectives, make payments and monitor expenses, as well as trading on the financial markets through a single app “.