Startup incubated by SC Ventures, Dealcierge, acquired by Eden Exchange for new venture.
The recent acquisition of Dealcierge by Australian fintech Eden Exchange has resulted in the creation of a groundbreaking A$50 million ($31.07 million) Singapore-based platform known as edenX. This platform caters to the small to mid-sized mergers and acquisitions (M&A) and capital raising market within the Asia Pacific region, heralding it as a comprehensive, high-service marketplace. By joining forces, Eden Exchange and Dealcierge have combined their networks, technologies, intellectual property, and teams to establish an extended digital and collaborative ecosystem with the primary goal of stimulating market growth across Asia, Australia, New Zealand, and potentially globally.
EdenX has set its sights on supporting the often overlooked sub-$100 million SME M&A and capital markets by enhancing accessibility for both business buyers and sellers. The platform’s overarching mission is to facilitate increased deal flow and connect individuals with private capital opportunities across various borders. This commitment to leveling the playing field hopes to offer a more equitable chance for clients and partners to partake in opportunities within an industry where it is estimated that SMEs account for more than 97 percent of all businesses in the APAC region. Employing technology-driven strategies in dealmaking processes can significantly improve deal velocity, increasing leads, and streamlining transactions for all involved parties.
The edenX platform boasts a range of unique services, catering to businesses, investors, and their advisors. These services encompass an extensive international network comprising vetted business buyers, sellers, and advisors, numbering over 120,000 participants within the current ecosystem. Additionally, the platform leverages cutting-edge AI technologies to boost deal success rates by providing tailored, seamless, and robust deal-making services to its users.
Dealcierge, originally an independent M&A platform nurtured by SC Ventures, the innovation and fintech arm of Standard Chartered, will continue to hold a stake in the combined venture. With its extensive Asian networks and Capital Markets Services Licence from the Monetary Authority of Singapore, Dealcierge plays a pivotal role in the partnership. Eden Exchange, on the other hand, contributes its established networks within Australia and New Zealand, backed by a wealth of experience stemming from over 5000 transactions. Particularly notable is its DealXchange platform, which facilitates rapid, secure, and bespoke small business and franchise sales transactions.
The key figures behind this transformative partnership have expressed their enthusiasm for the possibilities ahead. Dhanush Ganglani, CEO of Pegasus Dealmaking Pte Ltd and Co-Founder of Eden Exchange, envisions the edenX platform as a vital tool in empowering the underserved small to mid-sized M&A market, providing sellers with the necessary tools to engage with serious buyers and investors effectively. Likewise, Alex Manson, CEO of SC Ventures, highlights Dealcierge’s role as a technology-driven platform catering to SMEs lacking access to deal advisory resources typically offered by larger institutions. Raghu Rajakumar, CEO and Co-Founder of Eden Exchange, emphasizes the enhanced capabilities of the edenX platform in creating a tailored, private deal network necessary for the transfer of assets and wealth from one generation to the next, a sum projected at A$6.5 trillion.
In conclusion, through the creation of edenX, Eden Exchange and Dealcierge have entered into a partnership aimed at reshaping the landscape of dealmaking within the SME market, providing enhanced accessibility and tailored services for clients and partners in need of M&A and capital raising solutions.
