Fintech

Superhero and Swyftx merge to create a new fintech unicorn

- June 8, 2022 2 MIN READ

Share trading and superannuation fintech Superhero will merge with cryptocurrency exchange Swyftx to create a four-year-old fintech startup valued at $1.5 billion. The two fintechs will continue to operate their separate brands and platforms while offering both services to all users in what they describe as create “the country’s first digital and traditional finance powerhouse”,… Read more »

ASX

Schneider Electric snaps Brisbane startup Aurtra in multi-million dollar deal

- April 5, 2022 2 MIN READ

Brisbane infrastructure monitoring startup Aurtra has been acquired by French multinational Schneider Electric in a multi-million-dollar deal. The startup, founded in 2017 by Dr Richard Harris, Steve McRae and Terry Woodcroft, was built on sensor technology developed at the University of Queensland technology to monitor the health of electricity network transformers. Aurtra licensed the patented… Read more »

will davies
ASX

Uber gobbles up Car Next Door

- January 20, 2022 2 MIN READ

Australian startup Car Next Door has sold to the US tech giant Uber after a decade in business. The price of the acquisition was not disclosed The peer-to-peer car rental platform first launched in Sydney in 2012 and now operates in all capital cities except Darwin, as well as the Gold Coast, Cairns,Launceston, and Newcastle.… Read more »

ASX

Canadian software company Marpost acquires Australian ecommerce platform Retail Express for $61 million

- January 19, 2022 2 MIN READ

The global expansion plans of Canadian ecommerce company Maropost continue with the acquisition of 15-year-old Australian retail platform Retail Express for CN$55 million (A$61m). Retail Express is the Australian & New Zealand leader in point-of-sale systems for mid-market and enterprise retail brands. Founder and CEO Aaron Blackman has bootstrapped the business since its launch in… Read more »

Clayton Howes
ASX

Peer-to-peer lender SocietyOne is selling to ASX-listed MoneyMe in $132 million deal

- December 19, 2021 2 MIN READ

ASX-listed fintech MoneyMe is hoping to acquire one of the country’s original fintechs, SocietyOne in a deal worth $132 million. Surprisingly, the merger does not deliver an immediate exit for several key backers of the peer-to-peer personal lending marketplace over the last decade. Leading media companies including News Corp, Seven West Media, and Consolidated Press… Read more »

Antler Australia team
ASX

BNPL QuickaPay sells to legal payments venture RapidPay in Antler’s first exit

- December 15, 2021 2 MIN READ

Sydney BNPL fintech QuickaPay has been acquired by legal services payments platform RapidPay. QuickaPay was co-founded by Nathan Carroll and Nick Glynn in 2019 and was one of the first companies to emerge out of the early-stage VC and startup accelerator Antler Australia. Antler invested pre-seed funding in QuickaPay and it’s the VC’s first exit among… Read more »

ASX

Hipages snaps up Kiwi online tradie marketplace Builderscrack in $11.8 million deal

- December 10, 2021 2 MIN READ

ASX-listed hipages Group has acquired New Zealand online tradie marketplace Builderscrack for A$11.8 million in cash and equity. The deal gives hipages (ASX:HPG) access to a NZ$26 billion total addressable market in addition to Builderscrack’s 4,000 active tradies and 200,000 registered homeowners. The Kiwi marketplace saw 95,000 jobs posted on its platform, worth NZ$67 million… Read more »

Other

Millennial investing platform INDX.GURU acquires US social investing platform ClosingBell

- December 6, 2021 < 1 MIN READ

Sydney investing fintech INDX.GURU is acquiring US crowd-sourced markets insights platform ClosingBell to bridge the gap between American and Australian trades. The deal adds 50,000 users to the INDX.GURU platform. The cost of the deal was not disclosed. ClosingBell offers users quick insights into the financial markets by crowdsourcing stock recommendations from thousands of traders. It… Read more »

Nic Blair
Other tech

Insurer nib takes 50% stake in medtech startup Midnight Health in $4 million deal

- November 25, 2021 2 MIN READ

Digital health startup Midnight Health has partnered health insurer nib, in a $4 million deal for a 50% equity stake in the business.  The healthtech venture launched its first platform, Youly, in February this year, offering delivery of the Morning After Pill along with additional women’s healthcare needs, such as the contraceptive pill, thrush, sleep… Read more »

Paul Byrne
ASX

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 »

Hunter Steele
Funding

Lawtech firm Smokeball raises $30 million, buys Sydney startup FamilyProperty

- October 13, 2021 2 MIN READ

Sydney legal tech firm Smokeball, a cloud-based practice management software startup that automatically tracks a lawyer’s time and activity for billing, has raised $30 million in its first capital round. The investment from private investors and employee shareholders will be used to fast-track the expansion of its 200+ person team, based in Sydney and Chicago, as… Read more »

Alex
ASX

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
ASX

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
ASX

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 »