Exclusive: FX and crypto affiliate group Investoo gets FCA registration

LeapRate Exclusive… LeapRate has learned that Investoo Group, which has rapidly grown to become one of the largest FX and crypto affiliates, is now 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.

InvestooIts status with the FCA, via Met Facilities, grants Investoo permission to give assistance to persons with whom it deals in relation to buying, selling, subscribing for or underwriting any investments.

As noted above, 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.

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