Guru Capital Reach Agreement to Acquire Oval

Rolle, Switzerland, May 13, 2021Guru Capital is pleased to announce an agreement has been reached today for the acquisition of substantially all of the assets of UK based Fintech company Oval Money Ltd, which will be acquired by and integrated into the UK based online CFD Broker ETX Capital.

In addition, ETX Capital’s Cypriot regulated entity is in the process of negotiating an acquisition of the majority of the assets of Oval Money Ltd’s Spanish regulated investment firm subsidiary, Oval Marketplace A.V., S.L.

These acquisitions support ETX’s and Oval’s shared mission of making a wide range of financial services and products accessible and affordable to everyone. The combination will help accelerate business growth and client engagement by supporting clients in setting smart rules for defining their savings habits and investment goals, making payments, and tracking spending as well as trading in the financial markets through a single mobile app.

About Oval Money:

The recipient of multiple Fintech awards since its launch in 2017, Oval operates a very successful mobile app that has over 100,000 active users, helping them to save and invest through their marketplace of financial products, automatically and on a recurring basis.

About ETX Capital:

Founded in 1965, ETX is one of the leading online CFD brokers providing online trading services primarily to UK and European clients with access to over 5,000 markets including Stocks, Indices, Commodities, Forex and Cryptocurrencies.

For further information please contact: media@gurucapital.com

Guru Capital Closes ETX Capital Acquisition

Rolle, Switzerland, October 8, 2020Guru Capital today announced the closing of the acquisition of London based ETX Capital, one of the fastest growing international providers of multi-asset CFD products from UK private equity firm, JRJ Group. The transaction is closing after receiving approval from the UK’s Financial Conduct Authority (FCA). Additionally, Guru Capital partners Luca Merolla and Ryan Nettles have been appointed as non-executive directors to the ETX Capital Board of Directors.

Founded in 1965, ETX Capital has become one of the UK’s leading online brokers. Guru Capital and it’s associated fund intends to help leverage the strong ETX Capital brand, its proprietary technology and its talented team to expand the business in the UK. The team also intends to grow the business globally through further M&A activities.

For further information please contact: media@gurucapital.com