AxiCorp secures investment from RGT Capital to fuel expansion

AxiCorp secures investment from RGT Capital to fuel expansion

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AxiCorp, an Australian provider of margin Forex trading services for the retail and institutional markets and, parent of the AxiTrader forex broker, announced it has secured an investment from the private equity company RGT Capital.

Details of the deal have not been disclosed, but from the statement becomes clear that the investment will be used to finance the product and geographical expansion of the brokerage.

“This is a significant and exciting time for us,” said Rajesh Yohannan, the recently appointed CEO of AxiCorp. “And to have the backing of RGT Capital means we can accelerate our expansion and diversification plans.” According to Yohannan, AxiCorp has well-developed plans for expansion both of the product offering and in terms of geography and the new investment will accelerate those plans.

“In assessing funding and investment options, of course the investment was welcome, but for us it is always about working with someone who “gets it”. RGT have a well-established track record in and around our space. They get it. That they understand all the nuances and risk metrics of this industry means they will add immeasurably to the refinement of our operational focus,” Yohannan added.

The investment of RGT Capital in AxiCorp is among the first significant investments by a private equity firm in an Australian forex broker, as historically it is the more established UK and US forex markets that attract interest.

“We have a proven history of investing in innovative companies who are on the cusp of transforming their business model and entering a period of significant growth,” said Adam Wilson, chief investment officer of RGT Capital. “With the in-coming management team adding strength to the existing Executives and AxiCorp’s focus on technology, scale and client championship, I believe we’ve found another gem. We’re absolutely delighted to be on board and we look forward to working with Rajesh and his team to ensure Axi realises its fullest potential.”

AxiCorp was founded in 2007 in Sydney and offers trading in forex with the latest trading technologies. It has become one of Australia’s largest forex brokers. The company also has offices in London and Dubai and significant operations in Moldova.

AxiCorp has three key companies: AxiTrader – its flagship retail brand for online trading of forex, CFDs, indices and other financial instruments with clients in more than 150 countries across the world. AxiPrime is the institutional brand, aimed at providing trading solutions for large clients, including banks, brokers and money managers. AxiSelect is a development program designed to provide a path for talented traders towards a successful trading career.

AxiCorp is authorized and regulated by the Australian Securities and Investments Commission (ASIC), holding Australian Financial Services License number 318232. The local branches of AxiTrader have authorization by the relevant local regulators.

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