German cryptocurrency portal is taken over by London-based affiliate marketing business Investoo Group.
Investoo Group has acquired Bitcoinmag.de, expanding its reach into the DACH cryptocurrency market. The German language site is a resource for crypto investors, providing purchase and price information, and allowing visitors to compare exchanges and platforms.
The site will sit along-side an existing portfolio of cryptocurrency resources, including ethereum-kaufen.de and coinlist.me. The acquisition of Bitcoinmag.de cements Investoo Group’s reach into international markets – the firm already serves Spanish, French, Italian and German audiences.
Chairman David Merry said of the acquisition “Germany is a relatively mature market when it comes to both paying with, and investing in, cryptocurrency. We’re delighted to acquire a publication that explains the investment process simply and transparently.”
CEO Adam Grunwerg commented, “Bitcoinmag.de is an online community and information portal run by crypto investors, for investors. It boasts impressive organic reach, and provides a valuable traffic source for our partners.”
The acquisition of Bitcoinmag.de follows a new £7.5 million (GBP 7,500,000) credit line secured in October 2017, which is designed to facilitate the firm’s aggressive growth strategy. The company has acquired several businesses in 2017, including invezz.com and 100forexbrokers.com.
About Investoo Group
Investoo Group is a heavily backed financial venture that has fast become one of the biggest lead generation companies in the Forex and retail investment industry. Based in London, the firm has grown from 1 to 50 employees in its first year. The group is backed by online technologies leaders Kinetic Investments and Optimizer Invest.