Trading 212 Receives Another £13.75 Million of Capital

Online CFD and FX broker Trading 212 UK Limited has raised an additional £13.75 million (USD $19 million) of capital by issuing and allotting a total of 13,750,000 new shares at a nominal value of £1. The company highlighted that all of the newly issued shares have been allotted in exchange for cash.

The broker disclosed that the latest capital injection will be utilized to help support the growth in the business, both current and expected in the future.

It was reported that Trading 212 secured an additional capital of £6.0 million (USD $8.5 million) at the end of May, made by controlling shareholders Borislav Nedialkov and Ivan Ashminov, bringing the total amount raised this year by Trading 212 to £19.75 million (USD $27.5 million).

Trading 212 has seen a sharp uptick in all metrics over the past year covering everything from number of clients to client assets held to trading volumes. The company announced in August 2020 that it had reached $1 billion in client assets after posting in July that more than 500,000 people have opened and funded Invest and ISA accounts.