Home Fintech FOMO Group Acquires CapBridge, 1X Alternate to Develop into Capital Markets

FOMO Group Acquires CapBridge, 1X Alternate to Develop into Capital Markets

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FOMO Group Acquires CapBridge, 1X Alternate to Develop into Capital Markets

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FOMO Group, a monetary holding firm that owns FOMO Pay, has acquired CapBridge, a capital markets service and asset custody agency, and personal securities alternate firm 1X Alternate.

CapBridge is a digital on-line funding syndication and distribution platform with Capital Markets Providers (CMS) license that gives accessibility to capital markets merchandise.

In the meantime, 1exchange is an Recognised Market Operator (RMO) -licensed non-public securities alternate that gives cost-effective itemizing venue designed for SMEs, corporates and establishments.

This acquisition expands the FOMO Group’s functionality to supply merchandise within the capital markets house in addition to to carry new shoppers into its ecosystem.

Along with its present Cost Service Act (PSA) licenses, FOMO Group secures CMS and RMO licenses in Singapore by means of this acquisition.

Based in 2015, the FOMO Group offers one-stop digital fee and digital banking options to facilitate world assortment and world payout for retailers, corporates and monetary establishments.

Louis Liu, CEO and Founder of FOMO Pay

Louis Liu

Louis Liu, Chairman of FOMO Group mentioned,

“We’re excited to carry CapBridge and 1exchange into FOMO Group. Given CapBridge and 1exchange’s demonstrated monitor file and their strategic buyers reminiscent of Singapore Alternate and Hanwha Group from their earlier Collection A, the acquisition empowers us to forge a totally built-in monetary service ecosystem, providing our shoppers a complete suite of value-added merchandise.”

Johnson Chen

Johnson Chen

Johnson Chen, CEO of CapBridge Monetary Group added,

“By integrating CapBridge’s strong capital markets answer with FOMO Group’s ecosystem, we’re poised to revolutionise the capital markets house. Importantly, the mix of companies that may be offered by CapBridge, 1exchange and FOMO Pay will result in extra revolutionary options and drive future progress alternatives.”

 

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