Investoo Acquires German Cryptocurrency Portal Bitcoinmag.de
Investoo Group has acquired German cryptocurrency portal Bitcoinmag.de. The acquisition follows a GBP 7.5 million credit line secured in October, which is designed to facilitate Investoo’s aggressive growth strategy. The company has acquired several businesses this year, including invezz.com and 100forexbrokers.com.
Based in London, Investoo Group is a newly funded financial venture that aims to become one of the biggest lead generation companies in the Forex and retail investment industry. The group is backed by online technologies firms Kinetic Investments and Optimizer Invest.
Bitcoinmag.de is a resource for crypto investors, providing purchase and price information, and allowing visitors to compare exchanges and platforms.
Investoo said the acquisition will expand its reach in international markets. It already serves Spanish, French, Italian and German customers. Other cryptocurrency-related sites in its portfolio include ethereum-kaufen.de and coinlist.me.
Investoo Chairman David Merry said Germany is a relatively mature market when it comes to both paying with, and investing in, cryptocurrency.
“We’re delighted to acquire a publication that explains the investment process simply and transparently,” said Merry.
