ETX Capital Receives $2.3M Fresh Capital Injection from Guru Capital

London-based ETX Capital has received, through its parent company Monecor (London) Limited, an additional fresh capital injection of £1.64 million (USD $2.3 million). The money came from the companies' new owner Guru Capital SA, a Switzerland-based fintech investor.

The Retail FX and CFDs broker was acquired by Guru Capital from UK private equity firm JRJ Group last year. Later, Guru Capital also bought ETX's EU-licensed subsidiary ETX Cyprus with CySEC's regulatory approval.

The capital injected will be used to support ETX's planned business and technical initiatives in 2021. Last year, the broker registered a revenue of £32 million, representing a near 50% jump.