Breaking: ayondo Raises CHF 6m for International Expansion
- The company is aiming to further penetrate into the Asian market and continue its expansion of its social trading functionality
According to information obtained by Finance Magnates, Switzerland headquartered technology and brokerage company ayondo has raised another round of funding. The company intends to use the funds to continue expanding its business with a specific focus on Asia.
So far the brand has been focused mainly on the European market. While the firm's core market is considered to be in Germany, it holds an FCA license for its social trading provider and brokerage arm.
The ayondo group received an additional CHF 6 million ($6.27 million) in funding from existing shareholders. The leading contributor is once again Singapore-based Private Equity group Luminor Capital. In 2014 ayondo has already raised CHF 9 million in growth capital. The additional funds will assist the company in its expansion as it set eyes on the lucrative Asian market for further growth.
The company has also signed a media partnership with SevenVentures, which is behind some of the most popular German TV stations from the ProSiebenSat.1 Group. Raising brand awareness at a crucial time for German savers who are looking to diversify their investments into riskier assets amid zero percent interest rates has been a pillar for ayondo to take market share in Germany.
Speaking about ayondo group's new Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term ,the company’s CEO, Robert Lempka said, “It’s a privilege and an endorsement of the hard work of the entire ayondo team that our existing shareholders continue to support us in our ambitious expansion plans. We are growing at breathtaking pace, our product and project pipeline is packed and we will announce new products as well as several new international business partners in the very near future.”
The company has been developing B2B and B2C trading and investment solutions in the social trading area for some time now. The company has also welcomed onboard one of the most popular investment gurus in Germany, Stefan Risse, who has topped the rankings of the social Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term earlier this year using a strategy combining sentiment analysis with quantitative methods.
According to information obtained by Finance Magnates, Switzerland headquartered technology and brokerage company ayondo has raised another round of funding. The company intends to use the funds to continue expanding its business with a specific focus on Asia.
So far the brand has been focused mainly on the European market. While the firm's core market is considered to be in Germany, it holds an FCA license for its social trading provider and brokerage arm.
The ayondo group received an additional CHF 6 million ($6.27 million) in funding from existing shareholders. The leading contributor is once again Singapore-based Private Equity group Luminor Capital. In 2014 ayondo has already raised CHF 9 million in growth capital. The additional funds will assist the company in its expansion as it set eyes on the lucrative Asian market for further growth.
The company has also signed a media partnership with SevenVentures, which is behind some of the most popular German TV stations from the ProSiebenSat.1 Group. Raising brand awareness at a crucial time for German savers who are looking to diversify their investments into riskier assets amid zero percent interest rates has been a pillar for ayondo to take market share in Germany.
Speaking about ayondo group's new Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term ,the company’s CEO, Robert Lempka said, “It’s a privilege and an endorsement of the hard work of the entire ayondo team that our existing shareholders continue to support us in our ambitious expansion plans. We are growing at breathtaking pace, our product and project pipeline is packed and we will announce new products as well as several new international business partners in the very near future.”
The company has been developing B2B and B2C trading and investment solutions in the social trading area for some time now. The company has also welcomed onboard one of the most popular investment gurus in Germany, Stefan Risse, who has topped the rankings of the social Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term earlier this year using a strategy combining sentiment analysis with quantitative methods.