Singapore

CATALIST-LISTED fintech group Ayondo's net loss widened more than five times to 50.2 million Swiss francs (S$67.2 million) for the financial year ended Dec 31, 2018, from a loss of 9.8 million francs a year earlier, it said on Thursday.

Ayondo had issued a profit warning on Apr 23, flagging a bigger loss due to the impairment of certain intangible assets arising from poor financial performance.