There is an interesting piece of news from ayondo group, the provider of social investment solutions, which illustrates the increased allure of social trading companies for investors. The company announced today that it has received extra CHF 6 million (USD 6.27 million) in funding from its existing shareholder base, led by Singapore-based Private Equity group Luminor Capital.
The company is set to use the funds to finance its international expansion, which is focused on Asian markets. Ayondo made a decisive move in this respect in the summer of 2014 by opening a new office in Singapore.
Last year the group raised CHF 9 million growth capital and entered into a media partnership with SevenVentures, the venture arm of the ProSiebenSat.1 Group, in order to enhance the brand in Germany, ayondo’s core 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. 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”, commented Robert Lempka, CEO of the ayondo group.
Ayondo offers private investors to follow trading experts and their trading strategies at the click of a mouse on www.ayondo.com and this way to copy their portfolio performance and trading signals one to one. The aim is to benefit investors who do not have sufficient time or expertise to trade on their own in the financial markets by offering them a fully automated investment solution.
Social investment platforms are gaining the interest (and the money) of investors lately. A week ago LeapRate exclusively reported that eToro raised additional $12 million in a Series D Financing.
To view the press release on Ayondo’s financing, click here.