The INFINOX ownership group has acquired Skilling, a Scandinavian-owned fintech company, for an undisclosed amount. The transaction marks a significant corporate acquisition, integrating Skilling's established operations into the INFINOX group.
Skilling, headquartered in Nicosia, Cyprus, is known for its mission to make trading simple and accessible to a broad audience in a transparent and secure environment. The company operates under licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Service Authority (FSA). It offers trading of over 800 forex and CFD financial instruments, encompassing currency pairs, shares, cryptocurrencies, commodities, and global indices. Skilling provides its services across multiple platforms, including its proprietary Skilling Trading, Skilling cTrader, and MT4, accessible via desktop, mobile, and dedicated applications.
This acquisition is strategically significant for the INFINOX ownership group. It allows INFINOX to expand its market presence and diversify its product and technology portfolio by incorporating Skilling's robust trading infrastructure and regulatory licenses. Skilling's focus on user accessibility and its diverse instrument offering align with potential growth objectives within the financial services sector, enhancing the group’s overall proposition.
Expected synergies include the integration of Skilling's multi-platform technology stack, potentially broadening the combined entity's client reach and operational capabilities. The acquisition is anticipated to leverage Skilling's regulatory frameworks and user-friendly approach to further consolidate and strengthen the INFINOX ownership group's position in the global online trading landscape. The combined entity is poised to enhance its service offerings and market footprint, continuing to deliver accessible trading solutions to a wider range of investors.