Taurex Secures $15M in Series B Led by Oscar Hilt Tatum IV; Unveils 2024 Mobile Trading App Launch. Read the News.
Taurex Secures $15M in Series B Led by Oscar Hilt Tatum IV; Unveils 2024 Mobile Trading App Launch. Read the News.
Taurex Secures $15M in Series B Funding, Shares Exclusive 2024 Mobile Trading App Plans. The funding round was led by Oscar Hilt Tatum IV, who also spearheaded the previous Series A round, raising $5 million.
The company earmarked the funds to accelerate its investment in proprietary technology, specifically focusing on developing a mobile application and a web-based platform. We have scheduled the highly anticipated mobile app for launch in Q1 2024, with additional features expected later in the year.
“Expressing excitement about the developments, Nick Cooke, Founder and CEO of the Zenfinex Group, stated, ‘We anticipate a pivotal year in 2024, poised to firmly establish Taurex on the map by focusing on building resilient foundations for future scalability.'” Cooke emphasized its commitment to expanding its client base and positioning Taurex as a disruptive force in its targeted markets. Cooke emphasized its commitment to expanding its client base and setting Taurex as a disruptive force in its targeted markets.
In addition to technological advancements, we will allocate a portion of the funds raised to team building, regulatory compliance, marketing, and brand promotion. This multifaceted approach underscores the company’s dedication to enhancing its technological infrastructure and overall operational and market presence.
Originally established as a boutique brokerage in the UK, the Zenfinex Group has undergone significant growth and regulatory expansion, currently operating in the Seychelles, the United Arab Emirates, and Sierra Leone. Despite a 66 percent revenue surge last year to nearly £400,000, the firm remains at a loss, primarily due to substantial investments in technology infrastructure.
Oscar Hilt Tatum IV, the majority shareholder in Zenfinex Technologies, expressed confidence in the Series B funding round, stating, “The Series B round marks a pivotal milestone, allowing us to build on our already robust foundations and scale our operations to new heights. Firmly committed to propelling Taurex to industry leader status across multiple geographies, we position the company for substantial growth in 2024. The latest funding round is expected to be crucial in realizing our ambitious goals.
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