LONDON and FRANKFURT, Germany, July 11, 2014 /PRNewswire/ --
- ayondo's international expansion on course
- Foundation laid for further growth
In the course of their international expansion, the ayondo group announced today that it has opened an office in Singapore, the ayondo Asia PTE Ltd.
The holding company, which operated as an investment group under the name Next Generation Finance until April 2014, has invested in innovative companies and technologies in the financial technology space (FinTech) since 2008. In this high growth area, the group aims to expand its share in the market and is paving the way for international expansion.
"In Europe we are already very well positioned and are considered pioneers and market leaders within the Social Trading space. The ayondo brand stands for innovation and exceptional service in the financial sector. As part of our growth strategy, we are now represented in one of Asia's most important business locations," said Robert Lempka, CEO of the ayondo group. "With our new Asian presence we want to provide companies and partners with individual and local support, whilst offering all the benefits of an international network."
ayondo is very well positioned with its business model and scalable solutions. The company already covers a broad spectrum of services in the Finance 2.0 field covering both retail and institutional sectors.
"The expansion into Asia is an important milestone in the company's young history" explains Sarah Brylewski, member of the ayondo group's executive committee. "In recent months we have had many discussions with representatives from local banks and financial service providers, operating in the wealth management and brokerage sectors respectively. We are delighted with the amount of interest that has been expressed for the products and solutions offered by ayondo and we are optimistic that we can continue our success story here."
The announcement of the opening of the Singapore branch takes place six months after the Singapore-based Private Equity Fund Luminor Capital (http://www.luminorcapital.com.sg) became a significant stakeholder in the ayondo group.
"The financial services sector is undergoing a period of change, which is not just limited to Europe" explained Lempka. "The Singapore office will serve as a bridge in order to implement our global vision of offering our services in all the major financial markets."
The ayondo group invests in new technologies and high-growth business models that can achieve increased efficiency in the banking sector. Belonging to the portfolio of the holding company is the Social Trading provider ayondo GmbH, whose headquarters are in Frankfurt, as well as the broker ayondo markets Ltd. (formerly Gekko Global Markets), headquartered in London.
In 2013 ayondo was listed in the top 50 financial technology companies by FinTech ("FinTech 50").
Trade execution services are provided exclusively by ayondo markets Limited.
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