#ayondo founder

[un-enfant-immature]

Bux raises additional $12.5M as it gears up to launch ‘zero-commission’ investing app

Bux, the Amsterdam-based trading app that wants to make investing fun, has picked up an additional $12.5 million in new funding. Venture capital firms Velocity Capital and Holtzbrinck Ventures led the round, which also includes debt financing from Kreos Capital. It brings total funding to $35 million since being founded over five years ago.

The newly raised capital will in part be used to launch “STOCKS,” the company’s planned app for “commission-free” investing. Bux is also disclosing that it has already spent some of the funding on the acquisition of online broker ayondo markets Limited (AML). Ayondo is the back-end provider the startup has been using to power its existing trading app BUX, while the merger arguably puts Bux squarely in the “neo-broker” territory and up against the likes of London-based Freetrade.

“The acquisition of AML marks the first acquisition by BUX since its founding in 2014,” says the Dutch company. “To-date, the partnership with AML has allowed BUX to fully focus on creating an app that removes the complexity from the financial markets and simplifies the trading experience. It has allowed BUX to reach a base of over 2 million users in just over four years across 9 European countries”.

By bringing its brokering in-house, Nick Bortot, CEO and founder of Bux, says it gives the company control over “the full value chain,” including a full brokerage license, back-end technology and operation. This, he believes, will enable Bux to service customers better going forward, and make it much easier to quickly launch new features.

It’s a similar argument made by challenger banks that have built out their own banking stack, and echoes the thinking behind competitor Freetrade’s decision to acquire a broker license very early on.

“We will additionally add 50% to our future revenues, as we will keep servicing other clients of AML,” adds Bortot.

On track to launch this summer is STOCKS, Bux’s commission-free investing app that is quite different to the BUX app that offers a “gamified” trading experience and generates revenue per trade.

“Our current trading app allows users to trade in CFDs on stocks, indices, forex and other financial products for the short term with limited leverage,” explains the Bux CEO. “STOCKS will allow users to invest in companies for the mid to long term and allow them to invest in real shares commission-free [as opposed to CFD trading]. It will offer a unique combination of a simplified investing experience along with a vibrant community where they can follow, learn from fellow investors and explore new investing opportunities. This unique combination will be unlike anything that will be in the market once we are live”.

Meanwhile, Revolut, the fast-growing banking app, is also planning to launch a free trading feature, although Bortot is sceptical about how successful that will be. “At this time Revolut has not yet launched their zero-commission trading service,” he says, [and] we are convinced that brokerage and banking are two completely different animals. It requires different skills, expertise, regulation, etc.

“Therefore, similar to what we have seen in neo banking, we will see the rise of 2 to 3 pan-European neo brokers over the next few years (we anticipate 2 to 3 as a matter of scale across Europe). In order for these mobile brokers to be successful across the whole of Europe, and become true neo brokers, it will be crucial for them to be able to easily adapt their services to other languages, but also to different legal systems, local tax systems, local KYC regulations, etc. Europe is very fragmented and not a one size fits all geography”.

To that end, Bux says its soon-to-launch STOCKS app currently has over 100,000 users on the waitlist. Netherlands and Germany will get access to the new app first, followed by a broader rollout across Europe “in the coming year”.

[endenogatai]

Bux raises additional $12.5M as it gears up to launch ‘zero-commission’ investing app

Bux, the Amsterdam-based trading app that wants to make investing fun, has picked up an additional $12.5 million in new funding. Venture capital firms Velocity Capital and Holtzbrinck Ventures led the round, which also includes debt financing from Kreos Capital. It brings total funding to $35 million since being founded over five years ago.

The newly raised capital will in part be used to launch “STOCKS,” the company’s planned app for “commission-free” investing. Bux is also disclosing that it has already spent some of the funding on the acquisition of online broker ayondo markets Limited (AML). Ayondo is the back-end provider the startup has been using to power its existing trading app BUX, while the merger arguably puts Bux squarely in the “neo-broker” territory and up against the likes of London-based Freetrade.

“The acquisition of AML marks the first acquisition by BUX since its founding in 2014,” says the Dutch company. “To-date, the partnership with AML has allowed BUX to fully focus on creating an app that removes the complexity from the financial markets and simplifies the trading experience. It has allowed BUX to reach a base of over 2 million users in just over four years across 9 European countries”.

By bringing its brokering in-house, Nick Bortot, CEO and founder of Bux, says it gives the company control over “the full value chain,” including a full brokerage license, back-end technology and operation. This, he believes, will enable Bux to service customers better going forward, and make it much easier to quickly launch new features.

It’s a similar argument made by challenger banks that have built out their own banking stack, and echoes the thinking behind competitor Freetrade’s decision to acquire a broker license very early on.

“We will additionally add 50% to our future revenues, as we will keep servicing other clients of AML,” adds Bortot.

On track to launch this summer is STOCKS, Bux’s commission-free investing app that is quite different to the BUX app that offers a “gamified” trading experience and generates revenue per trade.

“Our current trading app allows users to trade in CFDs on stocks, indices, forex and other financial products for the short term with limited leverage,” explains the Bux CEO. “STOCKS will allow users to invest in companies for the mid to long term and allow them to invest in real shares commission-free [as opposed to CFD trading]. It will offer a unique combination of a simplified investing experience along with a vibrant community where they can follow, learn from fellow investors and explore new investing opportunities. This unique combination will be unlike anything that will be in the market once we are live”.

Meanwhile, Revolut, the fast-growing banking app, is also planning to launch a free trading feature, although Bortot is sceptical about how successful that will be. “At this time Revolut has not yet launched their zero-commission trading service,” he says, [and] we are convinced that brokerage and banking are two completely different animals. It requires different skills, expertise, regulation, etc.

“Therefore, similar to what we have seen in neo banking, we will see the rise of 2 to 3 pan-European neo brokers over the next few years (we anticipate 2 to 3 as a matter of scale across Europe). In order for these mobile brokers to be successful across the whole of Europe, and become true neo brokers, it will be crucial for them to be able to easily adapt their services to other languages, but also to different legal systems, local tax systems, local KYC regulations, etc. Europe is very fragmented and not a one size fits all geography”.

To that end, Bux says its soon-to-launch STOCKS app currently has over 100,000 users on the waitlist. Netherlands and Germany will get access to the new app first, followed by a broader rollout across Europe “in the coming year”.

from RSSMix.com Mix ID 8204425 https://tcrn.ch/2WENvAh via IFTTT

[debt-defined-blog]

Ayondo Parts Ways with Co-Founder and CEO Robert Lempka

https://www.debtdefined.com/ayondo-parts-ways-with-co-founder-and-ceo-robert-lempka.html Ayondo Parts Ways with Co-Founder and CEO Robert Lempka - https://www.debtdefined.com/ayondo-parts-ways-with-co-founder-and-ceo-robert-lempka.html...

[coreymiler]

Ayondo Parts Ways with Co-Founder and CEO Robert Lempka

Robert Lempka co-founded ayondo in 2008 with his former colleague at Goldman Sachs Thomas Winkler. Ayondo Parts Ways with Co-Founder and CEO Robert Lempka syndicated from https://forexlasersforum.blogspot.com

[vcxcoin-blog]

Is bitcoin fever coming back?

After its skyrocket increase, hitting $20,000/BTC in the late months of 2017, this cryptocurrency responded to the excitement of investors with a disappointing fall in the first months of the new year. Bitcoin has yet been able to recover 50% of its peak as the Crypto market is still fluctuating. Bitcoin value has fallen below $ 7,000, recorded on 2nd April. Thewhole market is sunk in red. Kyle Salmani, the founder of crypto-currency fund Multicoin Capital, which manages $50 million (41 million euros) of private cash, said: "This is a healthy correction after an exuberant 2017." However, Kyle Salman does not bet on Bitcoin's return. In another perspective, Jordan Hiscott, investment manager at the Ayondo Markets online platform, added: "certainly the halcyon days of performance gains from 2017 seem long gone." According to Coinmarketcap, Bitcoin makes up only 40% of trading volume in the Crypto Market Exchanges while the number was up to 80% just a few months ago. The keyword “Bitcoin” also has a low weekly number of Google search. Bitcoin market will continue to fluctuate based on investor sentiment "I wouldn't be surprised to see prices fall to $5,000 from here or go back above $10,000," said Craig Erlam, an analyst online currency trading platform Oanda. The majority of Bitcoin holders still keep their faith and are hoping for a dramatic change in Cryptocurrency market.

[drubblernews-blog]

New Post has been published on http://drubbler.com/2017/03/02/snapchat-firm-share-price-soars-on-debut/

Snapchat firm share price soars on debut

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Image copyright AP

Shares in Snap, owner of messaging app Snapchat, have begun trading on the US stock market.

In its opening minutes, its price hit $24.48 a share, a jump of about 40%.

The flotation valued the company at $17 a share, or $24bn in all, although Snap has never made a profit.

The firm’s inital public offering (IPO) is the biggest for a US tech firm since Facebook in 2012 and will turn the company’s founders, Evan Spiegel and Bobby Murphy, into multi-billionaires.

Snapchat, which is especially popular with teenagers, allows users to send images and messages which then vanish.

Analysis, BBC North America technology reporter, Dave Lee

Whenever a company prepares for its IPO, its executives head off on a roadshow – a tour of potential investors. It’s a chance to convince them of the worth of the new stock, deflecting any concerns they may have about how successful the company may be.

For Snap, its roadshow was all about telling investors that it wasn’t going to become the next Twitter, and that while it too has slowing growth, the firm retains the “cool” factor and is working on exciting new ideas to keep its audience interested, engaged and – crucially – looking at advertising.

This is a better-than-expected price, no doubt about it. But the questions is – how will Snap survive against Facebook, a company which seems intent on grabbing users by emulating its best ideas?

The company’s losses widened last year, and user growth is slowing down in the face of intense competition from larger rivals such as Facebook.

Despite the challenges in converting “cool” into cash, Snap’s valuation is the richest for a US tech flotation since Facebook in 2012.

At the beginning of February Snap’s formal announcement to regulators of its plans revealed that the company had revenue of $404m last year, but made a loss of $515m.

Unlike in most listed companies, people who buy the floated shares in Snap will not get any voting rights.

Risks

Some analysts argued the company was overvalued.

“Snap is a promising early stage company with significant opportunity ahead of itself.

“Unfortunately, it is significantly overvalued given the likely scale of its long-term opportunity and the risks associated with executing against that opportunity,” wrote analyst Brian Wieser from Pivotal Research in a note. He gave it a “sell” rating.

Others were more positive.

Before the trading debut, Jordan Hiscott, chief trader at Ayondo Markets, said: “What sets it apart from other messaging apps like WhatsApp for me is the innovative features built into the app’s interface, such as the lenses function.

“A pertinent point in the company’s S1 filing for the IPO is that it doesn’t call itself a messaging service, but a camera company.”

“This seems to be an intentional move to differentiate it from Facebook and Twitter and the success and failure of their respective IPOs, which in my view, is very clever.”

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[fxasker-blog]

How do I modify or delete a pending order in phillipcapitaluk Markets?

How do I modify or delete a pending order in phillipcapitaluk Markets? Read More http://fxasker.com/question/308ee5d16bcd26bb/ FXAsker