Skilling raises €10m to expand brokerage further after triple-digit growth in 2021
“This fundraising round represents the beginning of the next phase of Skilling’s growth as we further assert ourselves in the fintech industry”
Skilling has raised €10 million in its largest funding round to date as the online trading platform aims to use the funds to fuel the already astonishing growth it has experienced in 2021, a record year with triple-digit yearly increases in active users, trade volumes and revenues.
The latest financing increased the company’s valuation by nearly 50% in just the past year as the firm had previously raised another €5 million from seasoned Scandinavian investors.
Top talent and proprietary trading tech
Michael Kamerman, Chief Executive Officer of Skilling, said: “This fundraising round represents the beginning of the next phase of Skilling’s growth as we further assert ourselves in the fintech industry. We are pleased to have several forward-looking investors from various countries committed to contributing to Skilling’s long-term growth.
Skilling has plans to accelerate the recruiting of top talent and further advance its proprietary trading tech to offer simple but robust technology that allows customers to navigate their trading and investments throughout the customer’s financial life.
The ever-changing world of investing and online trading can now count with Skilling and its long-term vision with investments in a deep proprietary tech stack.
The firm has launched a number of products and services such as its introducing broker and affiliate program with a bespoke partnership portal adding functionality and transparency for partners.
The Skilling Copy platform was also introduced to allow customers to copy or follow thousands of trading strategies provided by other traders.
The “meme trading” culture, which captivated traders and the public throughout the year, was adopted by Skilling, one of the first brokers to offer such trending products. The trading platform intends to continue to stay up-to-date with current trends and to keep diversifying its business.
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Leadership from ex-FXCM Michael Kamerman and liquidity from Match-Prime
It was in late 2020 that Skilling announced the appointment of industry veteran Michael Kamerman as CEO. Bringing over 15 years’ experience at leading competitor, FXCM, he joined Skilling with the remit of securing the broker’s place as a leading provider of FX and CFD services to a global client base.
Prior to that appointment, Skilling launched the hugely popular Metatrader 4 platform, obtained a regulatory licence in Seychelles, received branch authorisation from the UK’s FCA, and secured partnerships with Premier League football club Aston Villa, and global chess superstar Magnus Carlsen.
In May 2021 and after onboarding and testing the liquidity solution for some time, Skilling has decided to sign a long-term agreement with Match-Prime which provides liquidity in over 1000 instruments on a Prime of Prime model.
Skilling is a Scandinavian growth-stage company offering online trading for over 800 instruments and it is their vision to make trading accessible for all transparently and securely.
