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Monday, 14 July 2014

Singapore-based ayondo Asia to invest in financial tech startups

The ayondo group, formerly Next Generation Finance, has opened an office in Singapore, ayondo Asia to support its companies and partners in Asia. The group invests in new technologies and high-growth business models that can achieve increased efficiency in the banking sector. 
"The ayondo brand stands for innovation and exceptional service in the financial sector. As part of our growth strategy, we are now represented in one of Asia's most important business locations," said Robert Lempka, CEO of the ayondo group. 
"With our new Asian presence we want to provide companies and partners with individual and local support, whilst offering all the benefits of an international network. The Singapore office will serve as a bridge in order to implement our global vision of offering our services in all the major financial markets."
"The expansion into Asia is an important milestone in the company's young history," added Sarah Brylewski, a member of the ayondo group's executive committee. "In recent months we have had many discussions with representatives from local banks and financial service providers, operating in the wealth management and brokerage sectors respectively. We are delighted with the amount of interest that has been expressed for the products and solutions offered by ayondo and we are optimistic that we can continue our success story here."
The announcement comes six months after the Singapore-based private equity fund Luminor Capital became a significant stakeholder in the ayondo group.

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