Finveo taps PayRetailers as multi asset broker eyes LATAM

December 22, 2021 7:09 pm UTC, Rick Steves

The multi asset broker has specific goals for 2022, which include onboarding vast numbers of South Americans.

Finveo, a multi asset brokerage company licensed and regulated by the Capital Market Authority of Montenegro, has partnered with PayRetailers in order to better reach the LATAM market.

The payment processor firm is headquartered in Barcelona, Spain, but is very much on the ground in Latin America, with full knowledge of the diversified means of payments in the region. All these methods are provided via a single API.

Finveo provides FX and CFD liquidity solutions for brokers

Finveo offers its users access to trade the global markets 24/5 under compliance with Montenegro’s financial watchdog and complies with international regulations prescribed by European Securities and Markets Authority (ESMA).

Finveo focuses on providing Forex and CFD liquidity solutions for brokers, offering access to trading through MetaTrader 4 and MetaTrader 5 to its clients. The broker has gone multi asset as it includes global stocks, Eurobonds and other capital market products in its offering.

Having grown organically through the traditional added-value service perspective of its parent company, Turkish-based Inveo Investment Holding, Finveo is now looking to expand further across the globe, with an eye on the Latin America countries.

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PayRetailers provides Finveo with access to LATAM focused solutions

The trading industry has been on a quest to conquer emerging markets as of late. Stricter leverage conditions in most developed economies combined with the rise of mobile trading is a great premise for expansion elsewhere.

As Finveo aims to reach the LATAM market and make it easier for clients to deposit funds, the broker chose PayRetailers for its expertise and the ability to use only one API that covers different kinds of payment methods available on the region.

Ivana Andjelic, Business Operations Manager at Finveo, says: “Considering the LATAM region being diversified when it comes to payment methods and solutions, we are fully satisfied with our cooperation with PayRetailers as they are providing us all of them through only one API. A safety-oriented system, easy to use platform and a 24/7 customer support are the values that we appreciate the most, knowing that our clients can reach us easily and their funds are safe with us”.

Finveo’s very fast growth resulted in the need of offering additional payment methods, which are now fuelled by the modern technology of PayRetailers. The multi asset broker has specific goals for 2022, which include onboarding vast numbers of South Americans.

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