Luminor Capital invests in Ayondo

Ayondo has received SGD 5 million in funding from Luminor Capital. Headquartered in Germany, Ayondo is a social trading platform.

PRESS RELEASE

LONDON and FRANKFURT, Germany, August 27, 2014 /PRNewswire/ —
In the course of their international expansion plans and the recent opening of a Singaporean office, the ayondo group announced today that it has received an additional SGD 5 million in funding from Singapore-based Private Equity group Luminor Capital.

The holding company, which operated as an investment group under the name Next Generation Finance Invest 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.

“We are extremely happy that Luminor continues to back our business plan after already investing CHF 5.5 million in January this year. The funds will enable us to implement our global B2B strategy as well as our Asia growth strategy. We continue to receive strong interest in our products from all over the world and we are very excited to be able to grow our partnership portfolio significantly,” says Robert Lempka, CEO of the ayondo group.

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.

Dr Foo Fatt Kah, Managing Director of Luminor Capital adds, “We believe that Social Trading will be one of the key online financial services platforms of the future and ayondo is very well positioned to be one of the leaders in this field. The company has a dynamic and forward-looking management team and we are particularly excited about what we can achieve together in Asia.”

The announcement of the new investment takes place one month after the opening of the Singapore office and seven months after Luminor Capital (http://www.luminorcapital.com.sg) became a significant stakeholder in the ayondo group.

About ayondo

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 as one of the top 50 financial technology companies by FinTech (“FinTech 50″).

About Luminor

Luminor Capital is a private equity fund manager based in Singapore. It currently manages 2 funds, Luminor Pacific Funds 1 & 2, and has a global portfolio of companies positioned in the growth sectors of the next decade. The funds’ key philosophy is to invest with an important focus on the people that can take companies and technologies successfully forward.

 

 

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