Valutrades has successfully secured £1.6 million (USD $2.1 million) in fresh capital from its controlling shareholders, Indonesian investors Aman Lakhiani and Anil Bahirwani. This capital injection comes as part of a broader effort to stabilize and enhance the company’s financial standing.

Anil Bahirwani, founder and CEO of AMB Group Indonesia, is an important figure in the financial services sector. Bahirwani previously founded MIFX, which became Indonesia’s largest retail FX broker, and in 2007, established Surya Anugrah Mulya. He took over control of FCA-regulated Valutrades in 2016 and appointed Graeme Watkins, formerly Senior Vice President of Operations at Surya Anugrah Mulya, as CEO of Valutrades. Watkins has been leading the company since then.

Valutrades Capital Raise: £1.6 Million Infusion

Recent reports indicated that Valutrades faced a challenging 2023, with revenues plummeting by 77%, resulting in a £3.8 million loss. The company’s net assets, or shareholders’ equity, fell sharply from £4.7 million in 2022 to £1.7 million at the end of 2023. This new capital will play a crucial role in bolstering the company’s equity base and supporting its ongoing recovery efforts.

This latest capital raise is the third such infusion Valutrades has received in the past 12 months. Late last year, shareholders invested $1 million to support a rebranding initiative. Earlier in March 2024, an additional £1 million was injected into the company. This consistent support underscores the shareholders’ commitment to strengthening Valutrades and positioning it for future growth despite recent financial challenges.

The recent £1.6 million capital raise by Valutrades, spearheaded by its controlling Indonesian shareholders Aman Lakhiani and Anil Bahirwani, reflects a significant effort to stabilize and revitalize the company. Despite facing substantial financial setbacks in 2023, including a sharp decline in revenues and a notable loss, this new injection of funds will help reinforce the company’s equity base and support its strategic initiatives. With previous capital raises and a commitment to a rebranding effort, Valutrades is positioning itself for recovery and future growth, demonstrating resilience and strong backing from its investors.

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