Webull Corporation, a global trading platform with over 40 million downloads, has acquired Flink, a key player in the Mexican investment sector. This acquisition also encompasses Vifaru, a brokerage firm Flink was set to purchase.
Ruben Guerrero, Head of Webull for Latin America, expressed optimism about Webull's expansion into Mexico, a market with a robust demand for financial technology. He noted Flink's success as indicative of this demand, stating that Webull's approach of providing affordable global market access is well-suited for Mexico. Flink customers can expect an expanded range of investment products and enhanced technology support.
Flink clients will maintain their ability to trade U.S. stocks via the Flink App, with Webull planning to upgrade the platform by adding new investment options and a broader financial ecosystem.
Webull, launched in the U.S. in 2018, has grown rapidly due to its intuitive platform and competitive trading fees. Similarly, Flink, founded in Mexico in 2018, was instrumental in offering Mexican investors access to U.S. markets and has played a significant role in the country's financial sector.
Sergio Jiménez, Co-founder of Flink, commented on the merger with Webull, emphasizing the aligned goals of both companies in making investment more accessible. He anticipates that this collaboration will enhance services for investors in Mexico.
Anthony Denier, CEO of Webull, highlighted the acquisition as a step into the Latin American market. Following their achievements in the U.S. and their global headquarters established in Florida, Mexico represents an important growth area. The company views this move as an opportunity to extend its reach in Latin America and Southern regions, responding to the growing interest in global market access.
With this expansion, Webull's reach now extends to nine markets, including the U.S., Hong Kong, Singapore, Australia, South Africa, Japan, the U.K., and Indonesia, marking another milestone in its global expansion.
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