Ayondo doubles Revenues in 2015 to £7.3 million

FCA regulated social trading focused firm Ayondo today reported 2015 company financial updates. The firm recorded its first profitable month in July 2015, which led to a profitable 2nd half of the year. Top line growth more than doubled by 115% to £7,349,991 in 2015 from £3,418,979 in 2014. However, the company sustained losses of £912,387, but the loss was smaller than 2014, where losses stood at £1,039,381.

In 2015 Ayondo looked to reinforce its commitment to client funds safety by bumping up client guaranteed deposits to £500,000 from the FSCS insurance of just £50,000. Also in Q2 of 2015 Ayondo implemented ‘debit balance protection’ to protect clients in the event of negative balances (clients therefore can not lose more than they have deposited)…a major initiative and feature of
many brokerages after the SNB Swiss Franc shock of 2015.

Another major accomplishment of the company in 2015 was its B2B partnership with Fraser Securities subsidiary KGI Fraser, providing execution only CFD services tkgio the SE Asia financial services company. The company stated it significantly enhanced its institutional technology in order to pave the way for more such partnerships in the future.

Further Highlights:

– Total client deposits doubled YoY
– Growth of B2B business through BUX, ActivoTrade and CFDs.com
– Establishing Singapore office for Asia-Pacific growth
– Elevated market status in Germany through sponsorship of Bundesliga 2 football team FSV Frankfurt
– 28 employees up from 25 employees in 2014

ayondo

ukvs

Company directors stated: “2016 will be a very successful year for the company with sustained profitability continuing, resulting in retained earnings, and that the business is in a growth acceleration phase.”

Read Also: