Investoo Group acquires Bitcoinmag.de
London-based affiliate marketing business Investoo Group has acquired Bitcoinmag.de, the German cryptocurrency portal, expanding its reach into the DACH cryptocurrency market.
Bitcoinmag.de is a resource for crypto investors, providing purchase and price information, and allowing visitors to compare exchanges and platforms. The site will sit alongside 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.”
The acquisition of Bitcoinmag.de follows a new GBP 7.5 million 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.
CEO Adam Grunwerg added, “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.”