Wed, April 17, 2024

ZaraFX Secures $2M Series A Funding, Appoints COO & CFO

Broker News

ZaraFX, a leading CFD Forex brokerage, recently closed its Series A funding round, securing over $2 million in investments. This financial influx marks a significant turning point in ZaraFX’s journey of expansion and advancement. Additionally, the company is excited to announce the opening of its newest office located in Dubai.

Boosting Operational Capacity Through $2M Investment

The Series A funding round attracted participation from a variety of top-tier investors, affirming the trust and support ZaraFX has garnered within the financial sector. The injection of funds is anticipated to enhance the company’s operational capabilities and facilitate strategic endeavors within the competitive Forex market.

Jean-Raphael Nahas, ZaraFX’s Chief Operating Officer, expressed his enthusiasm for the inauguration of the new office, emphasizing the company’s dedication to delivering tailored solutions and personalized support to traders in the Middle East. This move reflects ZaraFX’s commitment to being a trusted partner in their financial journey.

Strengthening Leadership with Key Appointments

According to media reports, Nahas, leveraging over a decade of financial market experience, transitioned from his role as Managing Director at European FinTech BUX to assume the position of Group COO at ZaraFX. This transition coincides with the recent appointment of Yiannis Argyrou as Zara FX’s Chief Financial Officer (CFO), signaling the company’s strategic initiative to bolster its executive team.

ZaraFX intends to capitalize on Argyrou’s extensive financial industry knowledge to optimize its financial performance and market positioning. Notably, significant personnel shifts were observed across various industry players like Binance, LCH Group, Saxo Bank, and IG Group between August and September, indicating ongoing strategic realignments in the financial sector.

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