CFI expands into Azerbaijan with the acquisition of investment company AzFinance
CFI expands into Azerbaijan with the acquisition of investment company AzFinance
CFI Financial Group, a global leader in online trading, has taken a significant step into the Azerbaijani market with the acquisition of AzFinance İnveŞtisiya Şirkəti (AzFinance Investment Company). This acquisition marks an important milestone for CFI, making it the first international trading company to establish a local presence in Azerbaijan.
The expansion is in line with CFI's broader vision to become a leading global investment and trading brand, and emphasizes Azerbaijan's growing importance in the global financial landscape, ZAWYA reports.
With more than 25 years of industry experience, CFI is ready to bring its online trading services to Azerbaijan. The country's strategic location coupled with its steady economic growth offers significant opportunities for both local and regional traders. CFI's entry into the Azerbaijani market is not just a business expansion, but a commitment to contribute to the country's economic development while providing unrivaled trading services.
AzFinance İnveŞtisiya Şirkəti, licensed and regulated by the Central Bank of Azerbaijan under license number ISN/L-7/2016, will be renamed as part of the integration to CFI Group. Upon completion of the rebranding and full launch, expected in the fourth quarter of 2024, Azerbaijani traders will have access to CFI's extensive suite of trading products. These will include offerings across multiple asset classes such as equities, commodities and currencies, as well as access to both local and international markets.
CFI's entry into the Azerbaijan market brings advanced trading technology and global service standards combined with local expertise, ensuring clients benefit from competitive trading conditions and superior execution. The company's state-of-the-art trading platforms will also be available in the Azerbaijani market, providing traders with the tools they need to succeed.
Hisham Mansour, Co-Founder and Managing Director of CFI, expressed his enthusiasm for the expansion, stating, "CFI is excited to expand in Azerbaijan and is committed to providing exceptional trading services in this new territory. Azerbaijan is strategically important due to its dynamic market and economic potential. Our entry into this market through this acquisition demonstrates CFI's commitment to growth and our mission to provide superior trading services to a wider audience. We look forward to building strong relationships with traders in Azerbaijan and enabling them to trade with the highest quality standards."
The acquisition is part of CFI's ongoing international expansion strategy, following recent launches in Egypt, Kuwait, Oman and Palestine. The move underscores CFI's commitment to offering world-class trading solutions with localized support, ensuring that traders in Azerbaijan and beyond have the resources they need to thrive in the dynamic world of online trading.
CFI Financial Group continues to strengthen its global presence by opening offices in key locations such as London, Dubai, Larnaca, Beirut, Amman and Cairo, and remains firmly committed to innovation and excellence in online trading.
Read also: Exness launches global campaign targeting traders
