TradeHero acquired by fintech competitor Ayondo

www.techinasia.com

Fairly opaque deal this one. Ayondo, from Germany, wants to get into Singapore and, following this deal, is keen to reverse list on the Singapore exchange. (Reverse listings always raise red flags with me.) The price for the TradeHero deal isn't disclosed, but you'd image it is in stock. The fact that TradeHero's founders opened a new company just months ago -- using the same dynamics, but for sport -- suggests that things weren't going too well and that this deal gets TradeHero off of their plate.

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