LeapRate Exclusive… It has been quite the launch.
LeapRate has learned that Investoo Ltd, which launched in late 2016 as a Forex broker (and later Cryptocurrency) affiliate and lead generation company has indeed grown quite rapidly, generating £13.8 million (USD $18.0 million) in Revenue in its first full year of operation. (The period covered is November 25, 2016 through to November 30, 2017).
Investoo had Gross Profit of £4.0 million for 2017, but after expenses reported a Net Loss of £1.7 million.
Much of Investoo’s cost base during the year can be attributed to start-up costs, which included the company becoming registered by the Financial Conduct Authority (FCA) in the UK, as an Appointed Representative of Met Facilities LLP. Met Facilities provides a regulatory hosting umbrella for funds, start-ups, fintechs and financial services firms. The company provides all regulatory permissions while assuming responsibility for compliance oversight, training and risk monitoring at companies such as Investoo which use their service. Other Met Facilities clients include crowdfunding giant OurCrowd, and cryptocurrency market maker B2C2.
M&A-focused Investoo Group has grown to become one of the largest lead generators and affiliates to FX and cryptocurrency brokers. Investoo has been actively consolidating the FX and crypto affiliate space, making by our count six acquisitions since December 2016 including Bitcoinmag.de, as well SocialTradingGuru.com, Invezz.com, 100ForexBrokers.com, and RoboAdvisors.com. Most recently, Investoo bought Dutch cryptocurrency portal Cryptostart.nl.
To support its acquisitions, Investoo secured a £7.5 million credit line late last year, as was exclusively reported by LeapRate. Based in London, the firm has grown from 1 to 50 employees in its first year. The group is backed by online technologies investors Kinetic Investments and Optimizer Invest.