Bank of Cyprus Invests €6 Million in Wealthyhood for European Expansion
The Bank of Cyprus has become a strategic partner in Wealthyhood, investing €6 million as part of a capital increase. Following this investment, Wealthyhood aims to expand across Europe, with the Bank holding 26.45% of the share capital and Global Wealth Group Plc owning 25.31%. Wealthyhood's platform focuses on education, savings, investment, and automation, with a user base of 60,000 in the UK and over 10,000 in Greece.
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The Bank of Cyprus has signed an agreement to invest €6 million in Wealthyhood, becoming a strategic partner. This investment allows Wealthyhood to focus on its expansion in Europe. Post-transaction, the Bank will hold 26.45% of Wealthyhood's share capital, while Global Wealth Group Plc will own 25.31%.
Wealthyhood's platform emphasizes education, savings, investment, and automation. Users can invest in global shares and ETFs without commission, and the platform has attracted 60,000 users from the UK and over 10,000 from Greece within four months.
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