Webull Presence in Mexico with Flink Acquisition

Webull Presence in Mexico with Flink Acquisition

Time Stamp: November 29, 2023 8:53 AM
Webull Presence in Mexico with Flink Acquisition PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Webull
Corporation, the entity behind the Webull trading platform with a global
download count exceeding 40 million, has finalized the acquisition of all
outstanding shares of Miflink S.A.P.I. de C.V. (Flink).

Flink,
headquartered in Mexico City, provides Mexican customers with the chance to
invest in fractional shares of US listed companies without incurring
commissions.

Anthony Denier, Head of the Americas and Europe, Webull, Source: LinkedIn

Ruben
Guerrero, Head of Latin America at Webull, commented on the launch in Mexico,
highlighting the young and vibrant population in the market and their demand
for technology-based wealth-building solutions. Webull plans to enhance Flink’s platform by
integrating its technology and introducing local Mexican investment and cash
management products in the coming months.

Flink’s
customers will retain access to trading US stocks over the Flink platform.
Webull aims to broaden Flink’s offering by providing a broader set of
investment products, user-friendly technology, and customer support. Additionally, as a part of the transaction, Webull gains ownership
of Mexican brokerage Vifaru Casa de Bolsa, pending regulatory approval from
Mexico’s CNBV, a purchase initially agreed upon by Flink in May 2022.

Webull, known for its mobile
trading platform, initially launched in the US in 2018. Similarly, Flink started
in 2018 in Mexico as one of the first investment platforms allowing Mexican
investors access to US markets.

Anthony
Denier, Head of the Americas and Europe for Webull, stated: “We are
excited to launch our expansion into the Latin American market with the
acquisition of Flink. Given our success in the United States and the
establishment of our global headquarters in St. Petersburg, Florida, the
Mexican market is a natural next step in our efforts to democratize finance for
investors across the world.”

“We
anticipate using Mexico as a springboard into greater Latin and South America,
where we believe there is a strong desire among retail investors to access
global markets.”

Webull
Expands Global Reach with Entry into Indonesian Market

Finance Magnates reported that Webull
had extended its global presence by entering the Indonesian market,
capitalizing on the growing number of investors in the region. Over the past
seven years, the trading platform has expanded to various countries, including
Singapore, Australia, South Africa, the United Kingdom, and Japan.

Bernard
Teo, Head of Asia-Pacific at Webull, expressed confidence in the significant
potential of the Indonesian market. In July, Webull also launched its
operations in the United Kingdom, offering US-listed equities and fractional
shares. The CEO, Anthony Denier, showed optimism about the UK market and hinted
at tailored product offerings. Additionally, Webull expanded its presence in
the Asia Pacific region with retail brokerage services in Australia, following
successful launches in Hong Kong and Singapore.

Webull
Corporation, the entity behind the Webull trading platform with a global
download count exceeding 40 million, has finalized the acquisition of all
outstanding shares of Miflink S.A.P.I. de C.V. (Flink).

Flink,
headquartered in Mexico City, provides Mexican customers with the chance to
invest in fractional shares of US listed companies without incurring
commissions.

Anthony Denier, Head of the Americas and Europe, Webull, Source: LinkedIn

Ruben
Guerrero, Head of Latin America at Webull, commented on the launch in Mexico,
highlighting the young and vibrant population in the market and their demand
for technology-based wealth-building solutions. Webull plans to enhance Flink’s platform by
integrating its technology and introducing local Mexican investment and cash
management products in the coming months.

Flink’s
customers will retain access to trading US stocks over the Flink platform.
Webull aims to broaden Flink’s offering by providing a broader set of
investment products, user-friendly technology, and customer support. Additionally, as a part of the transaction, Webull gains ownership
of Mexican brokerage Vifaru Casa de Bolsa, pending regulatory approval from
Mexico’s CNBV, a purchase initially agreed upon by Flink in May 2022.

Webull, known for its mobile
trading platform, initially launched in the US in 2018. Similarly, Flink started
in 2018 in Mexico as one of the first investment platforms allowing Mexican
investors access to US markets.

Anthony
Denier, Head of the Americas and Europe for Webull, stated: “We are
excited to launch our expansion into the Latin American market with the
acquisition of Flink. Given our success in the United States and the
establishment of our global headquarters in St. Petersburg, Florida, the
Mexican market is a natural next step in our efforts to democratize finance for
investors across the world.”

“We
anticipate using Mexico as a springboard into greater Latin and South America,
where we believe there is a strong desire among retail investors to access
global markets.”

Webull
Expands Global Reach with Entry into Indonesian Market

Finance Magnates reported that Webull
had extended its global presence by entering the Indonesian market,
capitalizing on the growing number of investors in the region. Over the past
seven years, the trading platform has expanded to various countries, including
Singapore, Australia, South Africa, the United Kingdom, and Japan.

Bernard
Teo, Head of Asia-Pacific at Webull, expressed confidence in the significant
potential of the Indonesian market. In July, Webull also launched its
operations in the United Kingdom, offering US-listed equities and fractional
shares. The CEO, Anthony Denier, showed optimism about the UK market and hinted
at tailored product offerings. Additionally, Webull expanded its presence in
the Asia Pacific region with retail brokerage services in Australia, following
successful launches in Hong Kong and Singapore.

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