- Melbourne fintech Eden Exchange acquires Dealcierge from SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm
- Creating a complete end-to-end platform for market services in APAC for buying and selling businesses
- Targeting underserviced SME transactions, enabling deal and capital flow across borders
20 January 2025, Melbourne/Singapore: Australian fintech Eden Exchange has acquired SC Venture’s incubated Dealcierge to create a new A$50 million Singapore-based platform edenX. EdenX is now a comprehensive, high service marketplace for small to mid-sized 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 aiming to drive market growth across Asia, Australia, New Zealand, and ultimately globally.
EdenX is focused on serving the underserved sub-US$100 million SME M&A and capital markets by expanding access for business buyers and sellers, ultimately providing greater deal flow and access to private capital across borders. EdenX aims to level the playing field by providing more equitable access to opportunities for its clients and partners, modernising a fragmented industry where it is estimated that more than 97% of all businesses in APAC are SMEs. Technology-driven dealmaking improves deal velocity by increasing leads and reducing friction for players in the transactions ecosystem.
The edenX platform will deliver unique services for these businesses, investors and their advisers through:
- an extensive international networks of vetted business buyers, sellers and advisers with over 120,000 in the current ecosystem
- increased deal success leveraging cutting-edge AI technologies for tailored, seamless, and powerful deal making services
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 mid-sized 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, Pegasus Dealmaking Pte Ltd, and Co-Founder, 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, 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.
Enquiries:
Raghu Rajakumar
Tel: +61 3 8658 2292
Email: rrajakumar@edenexchange.com
