FoX-i Welcomes 5I Ventures (5IV) as Lead Investor, Paving the Way for Future Growth
October 14 2024 - 11:00PM
Business Wire
FoX-i LLC, the boutique fintech firm focused on algorithmic
trading strategies in the Forex market, is pleased to announce the
successful closing of the acquisition of a major stake by
Singapore-based 5I Ventures Pte. Ltd. Following the transaction,
5IV will be the new lead investor dedicated to supporting the next
phase of FoX-i's growth. This strategic investment marks a
significant milestone in FoX-i’s journey to further expand its
position as a leading Fintech Partner of choice for FX investments
across the Middle East and Asia.
FoX-i develops automated trading strategies which are delivered
through customized trading algorithms to the financial industry
including proprietary trading firms, hedge funds, wealth managers
and family offices. The quantitative trading systems are created
based on technical analysis combined with a wide range of
techniques to assess markets, including the study of repetitive
chart-patterns, mathematical calculations to determine the speed
and momentum of a move, as well as statistical tools to identify
extreme conditions.
Gerard Iwema, Executive Chairman of FoX-i, expressed his
gratitude to all stakeholders involved in facilitating this
partnership. “We are thrilled to welcome Dieter Schlosser,
representing 5IV, to the Board of FoX-i. His extraordinary network
and extensive experience in entrepreneurship and building
businesses are an exciting addition to FoX-i and we are confident
that 5I’s involvement will significantly contribute to achieving
our ambitious commercial and strategic milestones as we further
increase our focus on the institutional marketplace.”
With the new partnership, FoX-i plans to accelerate and enhance
its portfolio of proprietary trading strategies, further empowering
institutional investors across the world, and enabling them to
diversify their portfolios with consistent Alpha generation in the
FX market. The company looks forward to leveraging the expertise
and resources of 5IV to drive future growth and value creation for
all stakeholders.
Dieter Schlosser, known for his tenure as CEO of SoftwareOne
where he led the company to an IPO crossing a billion-dollar
revenue, commented on the investment: “FoX-i represents an
innovative frontier in algorithmic trading. We see immense
potential in their advanced strategies and are eager to help
accelerate their global reach and impact. Together, we aim to
revolutionize the way institutional investors engage with Forex
markets, driving consistent Alpha generation.”
About Fox-i:
FoX-i is a boutique Fintech Company active in the Forex Market.
It develops systematic trading strategies which it delivers through
trading algorithms to the financial sector like Hedge Funds, Family
Office, Proprietary Trading Firms and Wealth Managers.
About 5I Ventures:
5I Ventures, the Singapore-based investment vehicle of Dieter
Schlosser, is focused on helping scale high growth, tech companies
across the globe with support going beyond just financial
injections that includes strategic as well as operational
leadership and guidance.
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