FinTechNews

Darwinex Posts Growth in Revenue, Decline in Profits

Darinex
(also known as Tradeslide) released its financial report for 2021 (up to June).
Darwinex saw a sharp drop in its profits from 470,000 euros in in 2020 to 225,000
euros in 2021.

The company’s
profits is continuing to decline. In 2019 Darwinex profits were 683,000 euros. Although
revenue increased in 2020 (+12%) it is insufficient.

darwinex

Read the full report

A new
regulated subsidiary of TradeSlide is expected to launch in Spain. Darwinex
will heavily increase its marketing budget, which may reflect
in short-term losses.

Cash
stocks, ETFs and futures will be added. Darwinex is also planning to expand its
European presence.

While the gross
profit did increase in 2021, the administrative expenses grew by +26%.

In 2021 the
company its technology with Interactive Brokers, secured regulations in Spain
and new B2B offering to attract independent advisors.

Darwinex is Focusing on Retention

The company’s
strategy is based on retention. As acquiring new clients may be expensive, Darwinex’s
model is based on broadening the relationship with its current clients.

The amount
owed to group undertakings reached 491,714 euros in 2021 compared to none in
2020.

In 2021 Darinex
raised 3 million euros

in a funding round. Pinorena Capital invested in Darwinex’s ambitions to expand growth. The company offers online traders to build and present a verified track record of their trading history.

The firm was founded in 2012, Darwinex is fully regulated by the Financial Conduct Authority (FCA). The platform is designed for social trading and asset managers.

The company is assessing the risk of the trading strategy used by asset managers. Investors may then have a better understanding of the risks involved when choosing an asset manager.

Social trading is very popular as many individuals prefer following seasoned traders while monitoring the activity in their account. It is a very competitive market.

Darinex
(also known as Tradeslide) released its financial report for 2021 (up to June).
Darwinex saw a sharp drop in its profits from 470,000 euros in in 2020 to 225,000
euros in 2021.

The company’s
profits is continuing to decline. In 2019 Darwinex profits were 683,000 euros. Although
revenue increased in 2020 (+12%) it is insufficient.

darwinex

Read the full report

A new
regulated subsidiary of TradeSlide is expected to launch in Spain. Darwinex
will heavily increase its marketing budget, which may reflect
in short-term losses.

Cash
stocks, ETFs and futures will be added. Darwinex is also planning to expand its
European presence.

While the gross
profit did increase in 2021, the administrative expenses grew by +26%.

In 2021 the
company its technology with Interactive Brokers, secured regulations in Spain
and new B2B offering to attract independent advisors.

Darwinex is Focusing on Retention

The company’s
strategy is based on retention. As acquiring new clients may be expensive, Darwinex’s
model is based on broadening the relationship with its current clients.

The amount
owed to group undertakings reached 491,714 euros in 2021 compared to none in
2020.

In 2021 Darinex
raised 3 million euros

in a funding round. Pinorena Capital invested in Darwinex’s ambitions to expand growth. The company offers online traders to build and present a verified track record of their trading history.

The firm was founded in 2012, Darwinex is fully regulated by the Financial Conduct Authority (FCA). The platform is designed for social trading and asset managers.

The company is assessing the risk of the trading strategy used by asset managers. Investors may then have a better understanding of the risks involved when choosing an asset manager.

Social trading is very popular as many individuals prefer following seasoned traders while monitoring the activity in their account. It is a very competitive market.


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