By Gloria Mathias
Today
APAC Fintech news
APAC news
Asia
Australian FinTech Eden Exchange has acquired SC Venture’s incubated Dealcierge to create a new $31 million (AUD 50 million) Singapore-based platform, EdenX.EdenX is a comprehensive, high-service marketplace for small to midsized mergers and acquisitions (M&A) and capital raising targeting the Asia Pacific region.The EdenX platform brings together the complementary networks, technology, IP, and teams of Eden Exchange and Dealcierge to create an expanded digital and collaborative ecosystem that aims to drive market growth across Asia, Australia, New Zealand, and, ultimately, globally.Dealcierge is an independent M&A platform incubated by SC Ventures, Standard Chartered’s innovation, FinTech investment, and ventures arm. SC Ventures will remain a shareholder in the combined venture. Dealcierge brings extensive Asian networks and holds a Capital Markets Services Licence from the Monetary Authority of Singapore (MAS) for dealing in capital markets products under Pegasus Dealmaking Pte Ltd.Eden Exchange brings its established Australian and New Zealand networks and experience of over 5000 transactions. Its DealXchange platform seamlessly connects business advisers, buyers, and sellers, enabling fast, secure, tailored small business and franchise sales.“The EdenX platform is the next step in our mission to arm the long-underserved small to midsized M&A market with the tools and information sellers need to connect and engage with serious buyers and investors. I look forward to seeing increased capital flow to support quality businesses wherever they are found,” said Dhanush Ganglani, CEO of Pegasus Dealmaking Pte Ltd. and Co-Founder of Eden Exchange.“Dealcierge is a technology-powered deal-making platform, specifically focusing on SMEs who do not have access to the deal advisory resources of large banks and consultancies. We look forward to being a supportive shareholder as the two companies combine their strengths to rewire dealmaking and support the critical SME ecosystem,” said Alex Manson, CEO of SC Ventures.”This edenX platform enhances our respective capabilities to provide the accessible, tailored private deal network our region needs. Our timely marketplace will help facilitate the transfer of A$6.5 trillion of assets and wealth from Baby Boomers to a new generation,” said Raghu Rajakumar, CEO and Co-Founder, Eden Exchange.Previous ArticleCairo Amman Bank & MasterCard team to boost cross-border paymentsRead More
