Swiss social trading company ayondo announced this week that it has received an additional 6 million CHF (~$6.4 million) from Singaporean private equity group Luminor Capital. The investment will go toward ayondo’s international expansion into Asia.
ayondo had a successful year in 2014, raising 9 million CHF (~$9.6 million) growth funding and entering into a partnership with ProSiebenSat.1’s venture arm, SevenVentures. The partnership helped to strengthen ayondo’s presence in the German market.
“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,” said CEO Robert Lempka. “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.”
With its innovative B2B and B2C investment models, ayondo has positioned itself as a company to watch in social trading – a solution that allows private investors to follow trading experts and copy their portfolio practices with the click of the mouse. Social trading aims to benefit investors who may not have sufficient time or expertise to develop their own investment practices.
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More information can be found on the company’s website, www.ayondo.com.