ayondo, a social buying and selling expertise developer for the monetary companies trade, has acquired the TradeHero model, a Singapore-based buying and selling gamification app.
The acquisition for TradeHero’s model outdoors of China and the USA, expands ayondo’s footprint in Singapore almost a 12 months after it introduced a partnership with KGI Fraser Securities Pte Ltd to launch KGI Contrax, a platform for traders to commerce Contracts for Distinction (CFD).
Robert Lempka, CEO, ayondo Group
Robert Lempka, CEO of the ayondo Group, says: “For ayondo, cell expertise is a giant a part of the Group’s technique for growth and development. The TradeHero model is extraordinarily effectively established in Asia and was the lacking piece in our product vary. Following Prime Merchants and taking social buying and selling to the following stage, in providing absolutely automated execution is strictly what’s in ayondo’s DNA.”
Dominic Morris, co-founder of TradeHero and the brand new Head of Innovation for ayondo Group, provides: “ayondo and TradeHero share the identical imaginative and prescient, that’s to democratise the world of investing by means of easy-to-use disruptive expertise and information sharing.”
The group of TradeHero’s cell expertise specialists constructed the muse for ayondo’s Singapore based mostly Cellular Lab, the place the group’s newest analysis and improvement takes place. The group is engaged in superior negotiations with a SGX-listed firm on a Reverse Takeover (RTO) transaction. This might end in ayondo being the primary fintech firm to be listed on the Singapore Alternate (SGX) and the pinnacle workplace being moved to Asia’s fintech hub.