US fintech Investview said on Thursday it has merged its operations with RoboVest, an autinated forex trading platform, to launch a new business unit specializing in robotic algorithmic forex trading. The new unit, which will be wholly owned by Investview, will use intellectual property from RoboVest and will include a significant cash contribution in exchange for equity of Investview.
The new unit will offer a robotic algorithm forex trading and trade execution platform available for a monthly fee basis for less than $100.
“Our Robot and Algorithm allows individuals to have their account managed automatically. The results are very profitable,” said Joseph Hagan, CEO of RoboVest, who will step in as a Chief Marketing Officer at Investview. “It has been a rewarding experience for our users who place a high value on both time and money. We look forward to introducing this to Investview’s client data base of over 100,000 potential customers and the investing public on a global scale,” he added.
Investview intends to utilize its ability to provide information and webinars on forex trading via their current education and technology platform over the Internet. To help develop its new business unit, Investview has expanded its personnel, technology and product range, the company said without ellaborating.
“This business combination between Investview and RoboVest is a significant and timely transaction that will permit Investview, in a short period of time, sustain cash flow needs and commence new and meaningful revenue streams,” said Investview CEO Joseph Louro. “Moving into this business line is a natural extension of our 7 Minute Trading services and will permit Investview to reap new and powerful income streams. We anticipate this revenue to return Investview to revenue levels we experienced in previous years. This revenue, combined with our streamlined operations will impact our bottom line in a bold way,” he added.
New Jersey-based Investview is a diversified financial technology organization specializing in investor education, investment newsletters and financial services. It offers. primarily through its wholly- and majority-owned subsidiaries, financial products and services to accredited investors, self-directed investors and select financial institutions.