Financial technology group ayondo has launched business in Spain with offices in Barcelona and Madrid, marking the group’s development of the third core retail distribution market after Germany and the United Kingdom.
Following the successful regulatory approval from the Spanish National Securities Market Commission (CNMV), ayondo will promote its services in Spain.
Robert Lempka, CEO and co-founder of ayondo says: “We are extremely excited to join the Spanish retail trading market and we will introduce the new concept of Social Trading to Spanish investors.” ayondo is a pioneer and global leading provider in the fast growing area of Social Trading and brokerage services.
The lead of the business in Spain is taken by Raza Perez, who has extensive experience in the Spanish financial technology industry. He was founder and CEO of Activotrade and has been appointed Head of Product at ayondo group. In his role Perez leads the group’s product strategy, the centerpiece of ayondo’s growth, and drives the development of the product offering across all lines of the business. In Spain, Raza Perez is responsible for introducing the concept of Social Trading to investors.
“The appeal of Social Trading is global. It is a new form of investment which combines the principles of classical exchange trading with social media characteristics. Within Social Trading people have the chance to watch and copy trading signals of successful signal providers in real time or become signal providers themselves. Social Trading is particularly characterised by transparency and reciprocity.” said Raza Perez Head of Product at ayondo group.
Social Trading is one of the latest growth industries that tap innovative technology to change the way trading and investment services are traditionally provided.
Those who do not have sufficient time or expertise to trade on their own can automatically copy the performance of the “Top Traders”, who share their trading strategy on ayondo and can generate additional revenues from their trading skills.
To coincide with the launch of its Spain business, ayondo has announced the cooperation with Josef Ajram, independent trader, athlete and author as Social Trading testimonial.
According to Raza Perez: “The cooperation with Josef Ajram is a perfect fit for ayondo. He has an inspiring personality and stands for high expertise in the area of trading.”
The launch of business in Spain further expands the ayondo’s international footprint. The group already offers a broad spectrum of services in the Finance 2.0 field, covering both retail and institutional sectors with 2,000,000 users of ayondo technology from over 190 countries. ayondo is currently working on a Reverse Takeover (RTO) transaction which would make it the first FinTech company to be listed on the Singapore Exchange (SGX).