Retail Broker Tauro Markets’ Backer Synervest Doubles Valuation After $4M Raise

Synervest Group, a fintech holding company based in Abu Dhabi, has recently completed a successful Series A funding round, raising $4 million to enhance its trading, payments, and financial technology infrastructure services. The funding was led by Jura Investment Group with participation from existing investor CMT Digital, resulting in Synervest’s valuation doubling to $60 million.

This injection of capital will fuel Synervest’s strategic global expansion plans, with a focus on bolstering its regulatory compliance framework and enhancing services tailored for institutional clients. Alexander Oelfke, Founding Partner at Synervest Group, expressed excitement about the partnership with Jura and the ongoing support from CMT Digital, viewing it as a validation of their business model and long-term vision.

Integrated B2B and B2C Solutions

Synervest operates across multiple global jurisdictions, holding regulatory licenses and offices in Europe and the Middle East. Emphasizing compliance, the company offers integrated services for both business-to-business (B2B) and business-to-consumer (B2C) channels, encompassing a wide array of trading, payment, and financial technology solutions.

Tauro Markets: Targeting Retail and B2B

Backed by Synervest, Tauro Markets, a retail brokerage firm, has evolved into a provider of diverse financial instruments beyond traditional Contracts for Difference (CFDs) to a broad clientele, including institutional and retail investors. Headquartered in Dubai and holding regulatory licenses in Mauritius, Kuwait, and St. Vincent & the Grenadines, Tauro Markets is poised for global expansion to serve both retail and B2B clients.

This article was written by Tareq Sikder at Finance Magnates.