An investor group has completed the acquisition of Skilling.com, a Cyprus Securities and Exchange Commission (CySEC) licensed contract for difference (CFD) broker. This development is pending final regulatory approval. The initiative is part of a broader strategy to create a diversified portfolio within the financial services sector, aiming to enhance client access and increase the group’s footprint in a competitive trading environment.
Negotiations for this acquisition were ongoing for several months, and the specifics of the financial details remain undisclosed.
Skilling, established in 2016, has been managed by a team that previously led Betsafe, with CEO George Kyriakoudes at the helm. The brokerage is recognized for its technology-centric approach and focus on providing user-friendly platforms and innovative trading tools. Operating under a CySEC license for European clients and an offshore license via Skilling Seychelles Ltd, Skilling has cultivated a strong reputation in the trading industry.
Representatives from the investor group express that this acquisition aligns with their vision of expanding as a global leader in financial services. They highlight that Skilling’s technological capabilities and dedication to client service fit seamlessly into their strategic framework. The integration is expected to enhance innovation, provide substantial value, and promote resilience against the backdrop of an ever-growing competitive landscape. Additionally, Skilling’s presence in the Nordic region is seen as a valuable asset that expands the group’s market reach.
Clients of Skilling can expect to reap immediate advantages from this deal, including improved liquidity due to the group’s expansive global partnerships and a broader spectrum of trading instruments. The transaction is also anticipated to boost security measures, assured by comprehensive regulatory backing, and enhance customer support through expanded multilingual services.
The CEO of Skilling remarked on the excitement surrounding the merger, emphasizing that the partnership will enable them to elevate their technology and community service to new heights. While Skilling aims to maintain its brand identity, it will also benefit from the investor group’s advanced technological infrastructure, compliance capabilities, and international licenses. This approach is designed to preserve the unique attributes that Skilling offers while unlocking efficiencies and accelerating the development of new products, particularly in mobile trading and payment solutions.
Moreover, this acquisition signifies the intention of the buyer to build a modern, multi-brand financial services framework. More insights into their strategy and structural developments are anticipated in the forthcoming months, reinforcing their dedication to influencing the future dynamics of global trading.