Paul Byrne
Mergers & Acquisitions

Veteran fintech Assembly Payments rebrands as Zai following CurrencyFair merger

- November 4, 2021 2 MIN READ

Assembly Payments has completed its merger with Irish cross-border payments marketplace CurrencyFair and rebanded as Zai. The Melbourne fintech announced the merger in April this year, which went ahead following regulatory approval. It’s the second rebrand for Assembly Payments, which was founded in 2013 as PromisePay by Darren McMurtrie, Simon Lee and Simon Jones. The Westpac-backed… Read more »

Natalie Nyugen
Mergers & Acquisitions

US-listed analytics company Alteryx buys Sydney AI startup Hyper Anna

- October 8, 2021 2 MIN READ

Artificial intelligence (AI)-driven startup Hyper Anna has been acquired by NYSE-listed California analytics automation firm Alteryx. The terms of the acquisition were not disclosed. Alteryx (NYSE: AYX) has a market cap of more than A$6.9 billion. Founded in Sydney in 2015 by Natalie Nguyen and Sam Zheng, the data science startup delivers business insights to… Read more »

Didier Elzinga
Mergers & Acquisitions

Culture Amp snaps up US workplace values startup Disco

- October 8, 2021 2 MIN READ

Employee experience platform Culture Amp has acquired San Francisco cultural values recognition startup Disco. The terms of the deal were not disclosed. Disco helps companies recognise and celebrate values-driven work, foster team appreciation and improve company culture across distributed teams. Founded in 2015, the venture is an app in Slack and Microsoft Teams. Culture Amp… Read more »

Gameface
Mergers & Acquisitions

US sports gear company snaps up Sydney AI tech startup Gameface for $32 million

- September 28, 2021 2 MIN READ

US lists sports equipment business Slinger Bag is acquiring Sydney player data analytics startup Gameface.ai for US$24 million (A$32m) in an all-stock deal. The trans-Pacific ventures have already been collaborating on a new app for Slinger using artificial intelligence (AI) to provide instant analysis of match play to offer technical and strategy insights. The M&A… Read more »

Notiv
Mergers & Acquisitions

Dubber is ramping up its AI capabilities after acquiring Brisbane startup Notiv for $6.6 million

- September 20, 2021 2 MIN READ

ASX-listed voice data company Dubber (ASX: DUB) has acquired Brisbane tech startup Notiv in a deal worth $6.6 million. The M&A deal will see Dubber accelerate its artificial intelligence program and capabilities. Notiv was founded by tech industry veterans Chris Raethke, a BugCrowd co-founder, and Dr Iain McCowan in 2018 to improve meeting note taking.… Read more »

Alex
Mergers & Acquisitions

Queensland startup Clipchamp, the ‘Canva of video’, sells to Microsoft

- September 8, 2021 2 MIN READ

Global software giant Microsoft is acquiring Queensland video startup Clipchamp. Described as “Canva for video” by Steve Baxter, one of Clipchamp’s many investors, the 8-year-old venture helps people make videos using its in-browser platform quickly and easy. Microsoft is one for the more than 17 million users of Climpchamp, which counts Google, Deloitte, Dell and… Read more »

New Zealand, Hobbit
Mergers & Acquisitions

New Zealand daily deals site GrabOne has been sold to the company behind Click Frenzy for NZ$17.5 million

- August 24, 2021 2 MIN READ

One of New Zealand’s largest ecommerce and daily deals websites, GrabOne, is being sold to Global Marketplace, the Australian company behind Click Frenzy, for NZ$17.5 million (A$16.8m). Melbourne-based Global Marketplace (GMP) also owns Click Central and e-commerce analytics firm Power Retail and is reportedly gearing up for an IPO in 2022. The company is majority… Read more »

Sam Johnston
Mergers & Acquisitions

Singapore venture studio Acumino acquires Melbourne startup Speakeasy 

- August 22, 2021 2 MIN READ

Acumino, a recently launched Singapore venture studio focused on emerging technologies and disruptive innovation, has acquired the intellectual property assets of Melbourne-based startup Speakeasy. Speakeasy launched a social video streaming platform to deliver interactive live events to large-scale global audiences, launching in March last year just as the Covid pandemic hit.  The Software-as-a-Service (SaaS) venture… Read more »

Dominic Pym
Mergers & Acquisitions

Bendigo & Adelaide Bank is acquiring Dominic Pym’s fintech, Ferocia, for $116 million

- August 16, 2021 2 MIN READ

ASX-listed Bendigo and Adelaide Bank will pay up to $116 million for Ferocia, the Melbourne fintech co-founded by Dominic Pym and Grant Thomas. Ferocia has been behind Bendigo e-banking app and internet banking platform for nine years and three years ago, Bendigo partnered with Pym and Ferocia to launch the neobank Up. The 100% acquisition… Read more »

Afterpay
Mergers & Acquisitions

Why Jack Dorsey’s Square wants to pay record $39 billion for Afterpay

- August 4, 2021 3 MIN READ

The A$39 billion (US$29 billion) that Twitter founder Jack Dorsey’s digital payments company Square is paying to acquire Australian upstart payments outfit Afterpay is the biggest takeover deal in Australian corporate history. It surpasses the A$32 billion European commercial real estate giant Unibail-Rodamco agreed to pay for Frank Lowy’s Westfield Corporation in 2017. The deal… Read more »

Afterpay, Nick Molnar, Anthony Eisen
Mergers & Acquisitions

Square is buying Afterpay for $39 billion

- August 2, 2021 3 MIN READ

Jack Dorsey’s payments platform Square is buying ASX-listed Australian fintech Afterpay Ltd (ASX: APT) in a deal worth US$29 billion (A$39bn). Anthony Eisen and Mick Molnar, co-founders of the buy now, pay later (BNPL) platform will join Square when the deal goes through early in 2022. They will help lead Afterpay’s respective merchant and consumer… Read more »