Firma Holdings Corp. Acquires Fintech Brokerage Firm Pure North Markets Limited

Rhea-AI Summary

Firma Holdings Corp. (OTC PINK:FRMA) has acquired Pure North Markets Limited, a Mauritius-regulated Fintech brokerage specializing in FX, commodities, stocks, indices, and crypto derivatives. Founded in 2021, Pure North recently expanded into South American and Southeast Asian markets. CEO Robbie Vee highlighted the acquisition's strategic importance for enhancing global market competitiveness and compliance. The goal for 2023 is to onboard 120,000 users, leveraging advanced AI/ML trading technology to improve trading conditions and educational services.

Positive

• Strategic acquisition expected to enhance global market presence.
• Target to onboard 120,000 users in 2023 indicates growth potential.
• Combining resources and technology may lead to improved trading experiences.

Negative

• None.

DOWNERS GROVE, IL / ACCESSWIRE / December 22, 2022 / (OTC PINK:FRMA) Pure North Markets Limited (www.purenorthmarkets.com) is a Mauritius regulated award-winning, new-age Fintech brokerage firm, offering brokerage services for FX, commodities, stocks, indices and crypto derivatives. Founded in 2021, Pure North Markets Limited has its roots in Asia, Middle East and African regions and has recently entered the South American and Southeast Asian markets. Pure North Markets Limited offers high-quality services and comprehensive support to its clients and partners by incorporating new technologies to create an optimal trading experience. With presence in UAE, Cyprus & Mauritius, the company's mission is to become an industry leader by offering optimal trading conditions to investors and traders using its state-of-the-art AI/ML based trading technology.

Robbie Vee, CEO of Pure North Markets Limited said, "Pure North group has been keeping pace with the constantly evolving financial markets and making strategic connections to remain competitive. The acquisition of Pure North by FIRMA will accelerate our efforts to become a leading provider of financial assets in the global market. Our trading conditions, educational services and trading tools have been key drivers for our growth in past years. We are extremely delighted about the acquisition of Pure North Markets Limited by FIRMA, a US listed entity, as the collaboration will fuel our growth into the future. The corporate governance and compliance experience of a public limited entity will help Pure North's expansion in the global markets in a sustainable and compliant manner. We aim to onboard 120,000 users in 2023 and will be deploying several initiatives to ensure stakeholder's value creation are achieved at every stage."

CONTACT: www.firmaholdingscorp.com and info@firmaholdingscorp.com

SOURCE: Firma Holdings Corp.

View source version on accesswire.com:
https://www.accesswire.com/732891/Firma-Holdings-Corp-Acquires-Fintech-Brokerage-Firm-Pure-North-Markets-Limited

FAQ

What is the significance of the acquisition of Pure North Markets Limited by Firma Holdings?

The acquisition will enhance Firmen's market competitiveness and support compliance in global markets.

What markets is Pure North Markets Limited expanding into?

Pure North has recently entered South American and Southeast Asian markets.

What is Firma Holdings' target for user acquisition in 2023?

Firma Holdings aims to onboard 120,000 users in 2023 as part of its growth strategy.

How does the acquisition affect Pure North's trading technology?

The acquisition will leverage advanced AI/ML technology to enhance trading conditions and the overall user experience.