Ingmar Mattus’s Andromeda takes controlling stake in AgenaTrader and TradersYard

Rick Steves

“The transaction aligns perfectly with our strategy of acquiring and scaling innovative fintech companies in the capital markets space, creating a portfolio of successful companies that collaborate and synergize as one ecosystem.”

Andromeda Capital Partners Suisse AG, the Swiss-based private equity firm founded and led by Ingmar Mattus – the co-founder of multi-regulated cross-asset broker Tickmill, has invested €3.5 million in Galaxy Ventures GmbH, as per announcement.

Galaxy Ventures is an Austrian-based fintech group with two main businesses: 

  • AgenaTrader , which develops platforms for trading in financial instruments, including forex, stocks, CFDs, futures, options, and other asset classes. The platform is used by traders globally through integrations with Interactive Brokers, Bloomberg, StoneX, XTB, FXCM, CQG, MetaTrader 5, Rithmic, and other brokers and technology providers;
  • TradersYard is a broker-agnostic, innovative, open social trading network where traders can easily find others who share similar ideas and processes, with an unrestricted ability to collaborate in real-time, share data, and analysis.

The €3.5 million raised will fuel their transformative journey to redefine the trading landscape through cutting-edge trading platforms and a collaborative social trading network.

AgenaTrader connected to IBKR, Bloomberg, StoneX, XTB, FXCM, CQG

AgenaTrader is a Bloomberg-certified integration partner that delivers trading and market-scanning tools to a worldwide client base. The firm’s existing technology partnerships include Interactive Brokers, Bloomberg, StoneX, XTB, FXCM, CQG, and Rithmic as well as a connection-technology to MetaTrader 5.

In the coming months, the list of connected banks, brokers, and technology firms will be expanded even further based on soon-to-be-announced competitive fee structures and product enhancements.

The team at AgenaTrader, which has recently been nominated for the esteemed WealthTech100 list of 2023, is currently working on version 3 to set new standards in terms of both functionality and design. The platform will offer a mobile trading app and a webtrader and a simplified product offering.

AgenaTrader, which plans to significantly reduce platform fees and introduce a free version, aims to become one of the most popular trading platforms worldwide.

As to TradersYard, an emerging social network designed for traders and investors, the platform will announce major developments for the trading community later this year. Similarly to AgenaTrader, the goal is to reshape the industry and drive unprecedented growth, solidifying the group’s position as a trailblazer in the financial technology sector.

With the €3,5 million raised from Andomeda, AgenaTrader and TradersYard will expand their engineering, marketing, sales, and business development teams. The new hires will play a pivotal role in shaping the future of the two Austrian fintechs.

“A portfolio of successful companies that collaborate and synergize as one ecosystem”

Ingmar Mattus, founder of Andromeda Capital Partners, said: “We are truly excited about this strategic investment into AgenaTrader and TradersYard, which grants us a controlling stake in the whole group. The transaction aligns perfectly with our strategy of acquiring and scaling innovative fintech companies in the capital markets space, creating a portfolio of successful companies that collaborate and synergize as one ecosystem.”

Gilbert Kreuzthaler, the founder of AgenaTrader, commented: “As a trading platform that supports all asset classes and offers access to more than 350 thousand trading instruments, we are open to working with any bank, broker, or hedge fund in providing the best-of-its-kind trading technology and market access.”

Manuel Sonnleithner, co-founder of TradersYard, said: “TradersYard is a broker-agnostic, innovative, open social trading network where traders can easily find others who share similar ideas and processes, with an unrestricted ability to collaborate in real-time, share data, and analysis. The capital injection from Andromeda will help us expand our product offering and marketing initiatives.”

Ingmar Mattus, who is also a major shareholder in the Amsterdam-based investment app Change Group, founded Andromeda Capital Partners Suisse AG earlier this year to invest in transformative fintech projects that build trading platforms, liquidity management, AI, and machine learning applications.

In a recent podcast episode with FinanceFeeds’ Nikolai Isayev, Ingmat Mattus spoke about his private equity firm as well as the macro environment, crypto, and Tickmill’s move toward exchange-traded products, including futures, options, and equities.

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