Fintech group Plus500 has entered into the “substantial Japanese retail trading market” with its acquisition of type 1 financial instruments business operator EZ Invest Securities.
Plus500 said on Monday that the acquisition represented “a major growth opportunity” for the firm, stating it will further strengthen its strategic position as a global multi-asset fintech group by diversifying its geographic footprint through an immediate presence in the Asian nation.
The FTSE 100-listed firm did not disclose the financial terms of the deal.
Chief executive David Zruia said: “This acquisition represents an important strategic step for Plus500 as we continue to strengthen our position as a global multi-asset fintech group, by further diversifying our geographic footprint.
“I am excited about the opportunities available in the substantial Japanese retail trading market and, given Plus500’s considerable technological expertise and robust financial capability, I am confident that we will be able to maximise this opportunity.”
