The social trading company Ayondo has decided to open offices in Barcelona and Madrid to convert Spain into its third market, behind Germany and the United Kingdom. With users operating in 195 countries, the company proposes the democratization of investment in financial markets with a tool that opens an alternative channel for small investors.
The managers of this German FinTech company trust our market’s great growth capacity, given the high penetration index of Internet in Spain and the high use levels of service applications and social networks. According to its calculations, 27.8 million citizens participate in these platforms.
Furthermore, its arrival to Spain is of important strategic value, not only because it expands its international presence, but also because it establishes the bases for its future expansion to Latin America, the Mediterranean Arc and North Africa.
The Ayondo formula is based on collaboration, shared knowledge and collective experience. Basically, it classifies and orders the best traders that operate through its platform into a ranking so that any user can simply and intuitively replicate that person's portfolios and investment models.
Social trading is an innovative product that breaks down the barriers traditionally erected between small investors and markets. First, small investors with insufficient time or knowledge for decision-making about their own strategies can copy the strategies of experts. Second, traders who share their strategy can obtain extra income.
Since its creation in 2008, users of Ayondo have already made over 100 million transactions with real currency worldwide. For the Chief Product Officer and Manager for Southern Europe and Latin America of Grupo Ayondo, Raza Pérez, “it's a new way for investing that combines the principles of classic trading with the features of social networks”.
Last updated: 09|10|2017