Finvasia Co-founders: “Being the hub for the European markets, Cyprus was an obvious choice”

At the recently concluded iFX Expo, hosted at the luxurious City of Dreams Mediterranean in Limassol, CBN engaged in insightful conversations with six prominent players in the fintech business. These exchanges sought to unravel what makes them tick, shedding light on the industry’s driving forces, and prognosticate upcoming trends.

Among these companies was the Finvasia Group – a brainchild of brothers Tajinder Virk and Sarvjeet Singh Virk birthed in Canada and India back in 2009, with a mission to break down barriers in accessing the financial markets. Since then, it grew into a global business with a diverse portfolio that spans multiple sectors, including financial services, healthcare and real estate. Today, it serves more than 5 million clients, facilitating transactions amounting to trillions of dollars across its platforms. Notable brands under the Group’s umbrella include online broker Fxview and social wealth management platform ZuluTrade.

In 2018, looking to expand into the European markets, Finvasia strategically established a presence in the sun-soaked shores Cyprus with offices in Limassol and Nicosia. And with the anticipation for a coveted EMI licence from the Central Bank of Cyprus, it’s clear that the Group’s growth plans on the island are from over.

The Group’s founders offer a glimpse into their growth journey while delving into the pivotal role technology is poised to play in transforming both Finvasia and the industry.