Eden Exchange buys Dealcierge from SC Ventures – IBS Intelligence
Australian FinTech company, Eden Exchange, has made a significant move in the Asia Pacific region by acquiring Dealcierge, which was incubated by SC Ventures. This acquisition has led to the establishment of EdenX, a platform focused on small to midsized mergers and acquisitions (M&A) and capital raising with a substantial value of $31 million (AUD 50 million). EdenX aims to create a high-service marketplace that spans across Asia, Australia, New Zealand, and eventually has a global reach.
The collaboration of Eden Exchange and Dealcierge has brought together their unique networks, technology, intellectual property, and teams to create a digital ecosystem that is set to drive growth in the market. Dealcierge, with its extensive networks in Asia and a Capital Markets Services Licence from the Monetary Authority of Singapore (MAS), has been instrumental in incubating this new venture. SC Ventures, the parent organization behind Dealcierge, will continue to hold a stake in the combined entity.
With Eden Exchange’s experience in facilitating over 5000 transactions and its established networks in Australia and New Zealand, the DealXchange platform will offer a seamless connection between business advisors, buyers, and sellers. This streamlined approach enables fast and secure transactions for small businesses and franchises. The CEO of Pegasus Dealmaking Pte Ltd. and Co-Founder of Eden Exchange, Dhanush Ganglani, expressed his enthusiasm for the EdenX platform, emphasizing its ability to provide sellers with the necessary tools and information to engage with serious buyers and investors.
The CEO of SC Ventures, Alex Manson, highlighted Dealcierge’s focus on technology-driven deal-making for SMEs that lack access to major financial institutions’ advisory services. With a shared vision to reshape the dealmaking landscape and support SMEs, SC Ventures is committed to being a supportive shareholder in this new venture. Raghu Rajakumar, CEO and Co-Founder of Eden Exchange, underscored the importance of the EdenX platform in enhancing their capabilities to deliver a tailored private deal network to the region. The platform aims to facilitate the transfer of a significant amount of assets and wealth from one generation to another, amounting to A$6.5 trillion.
Overall, the acquisition of Dealcierge by Eden Exchange to establish the EdenX platform marks a significant advancement in the FinTech industry in the Asia Pacific region. This strategic move brings together the strengths of both organizations to create a comprehensive marketplace that addresses the needs of small to midsized businesses looking to engage in mergers and acquisitions and capital raising. With a focus on technology, networks, and collaborative efforts, EdenX is poised to make a lasting impact on the financial landscape in Asia, Australia, New Zealand, and beyond.
