Makor Group, an international agency brokerage group trading all asset classes, has entered last November 2020 into a strategic alliance with Churchill Capital, a global firm specialized in trading and advisory services, with offices in Monaco.
With the present addition of Churchill Capital’s experienced team of equity analysts, traders and salespeople spread over its European, Asia-Pacific and North American locations to Makor Group’s team of professionals in the field, this strategic alliance was achieved to empower Makor to share of the merger arbitrage market. In addition to strengthening Makor’s European and US influence, this alliance gave the firm greater exposure to Asian markets through Churchill’s global networks and presence in Melbourne and Singapore.
This week, the Makor has completed its Series A raise at a $200m valuation. In conjunction with the capital raise, Makor is building new strategic partnerships with Algorand, Alan Howard, and several notable US based asset managers.
Over the past few years, Makor has showcased rapid global growth, increasing its product range, deepening its regulatory reach, and developing its proprietary fintech solutions. The capital raised will support the expansion of Enigma Securities, Makor’s industry leading digital asset brokerage with monthly trading volumes in excess of $2 billion, as well as further Makor’s geographical expansion and M&A activities.
“With a growing number of organizations looking to leverage decentralized infrastructure to modernize traditional financial models, Algorand provides the performance, stability, scalability and robust functionality required for disruption in the digital asset space. I look forward to Makor executing on their vision.”Steven Kokinos, CEO of Algorand
In 2017 Makor’s founders launched Makor 2.0, with the goal of using Makor’s broker-dealer expertise and network to create an industry-leading fintech company serving the world’s most sophisticated financial institutions. The investment marks a major milestone in this ongoing project. Makor will take advantage of Algorand’s blockchain expertise to build and distribute digital assets, bridging the gap between Wall Street and the next generation of financial products.
“We are witnessing an unprecedented shift in our industry powered by technology and innovation. Over the past year, the exceptional growth in our digital asset division has clearly demonstrated that we are at the forefront of this trend. Our product is among the best in the market, and we have proven our ability to reach customers who previously were unserved or underserved. With our new partners we look forward to leading the digital transition and to building the most relevant products for our customers.”Michael Halimi, co-founder and CEO of Makor
Source: Makor Group