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Corporation
INTERNET | Internet Software & Services / Asset & Financial Management & Trading
ayondo.com

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Stage

IPO | IPO

Total Raised

$4M

Date of IPO

3/23/2018

Market Cap

0.02B

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, whose headquarters are in Frankfurt, as well as the broker ayondo markets (formerly Gekko Global Markets), headquartered in London. ayondo offers both a sophisticated online trading platform and a leading Social Trading platform. Social trading allows retail investors to automatically copy the trades of experts.

ayondo Headquarter Location

Niddastrasse 91

Frankfurt, D-60329,

Germany

+44 02033300865

Latest ayondo News

ayondo’s Loss for Q3 2021 Deepens to $255K

Nov 12, 2021

ayondo Ltd., the Singapore-registered entity of the troubled investment firm, published its financials for the third quarter of 2021, ending on September 30, deepening its losses as operations remain suspended. The company endured a total loss of SGD 346,000 (around $255,000) in the quarter, which is significantly higher than the loss of SGD 288,000 (around $212,000) in the same quarter of the previous year. For the first nine months of the fiscal, the losses mounted to SGD 1.37 million. Meanwhile, trading revenue and other primary income streams of the investment company remained nil as it could not restart its suspended operations. Can It Recover? Once regarded as a promising fintech company, ayondo made its public debut on Singapore Stock Exchange in February 2018. Suggested articles Finexify Investment Fund Unlocks Extraordinary Alpha Through DeFi Go to article >> However, the group’s troubles began when it faced working capital deficiency from continued losses and later blamed regulatory changes relating to product intervention imposed by European and UK regulators for its business woes. Moreover, this led to the trading suspension of ayondo shares on SGX. In addition, the exchange sent a delisting notice to ayondo, but the company appealed against the notice . “The Company was in a negative working capital position of approximately S$3.4 million and S$2.9 million as of 30 September 2021 and 31 December 2020, respectively,” the latest filing of the company noted. “Net liabilities position increased by approximately S$1.2 million to approximately S$4.8 million for the 9 months ended 30 September 2021 mainly due to: (1) the recognition of the equity component of the convertible notes of approximately S$0.2 million; and (2) offset by losses incurred for the 9 months approximately S$1.4 million.” Share this article

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Research containing ayondo

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CB Insights Intelligence Analysts have mentioned ayondo in 1 CB Insights research brief, most recently on Dec 12, 2019.

Expert Collections containing ayondo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

ayondo is included in 2 Expert Collections, including Wealth Tech.

W

Wealth Tech

1,111 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

F

Fintech

4,558 items

Track and capture company information and workflow.

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