Eden Exchange co-founder Dhanush Ganglani
Australian fintech firm Eden Exchange has acquired Dealcierge, creating a new AUD50 million (US$31 million) Singapore-based platform named edenX.
This strategic move aims to establish one of the largest merger and acquisition (M&A) marketplaces and private deal networks in the Asia Pacific region. The edenX platform is designed to be a comprehensive, high-service marketplace catering to small and mid-sized M&A and capital raising.
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The combined entity brings together Eden Exchange and Dealcierge’s networks, technology, intellectual property (IP), and teams. This collaboration is intended to create an expanded digital and collaborative ecosystem to drive market growth across Asia, Australia, and New Zealand, with a long-term aim for global expansion.
edenX specifically focuses on the underserved sub-US$100 million SME M&A and capital markets sector. It aims to enhance access for business buyers and sellers, providing greater deal flow and access to private capital across borders.
The platform seeks to level the playing field by providing more equitable opportunities for clients and partners, modernising what is described as a fragmented industry, where over 97 per cent of businesses in APAC are SMEs. Technology-driven dealmaking is expected to improve deal velocity by increasing leads and reducing friction in the transactions ecosystem.
The platform will offer “unique” services for businesses, investors, and advisors, leveraging an extensive international network of over 120,000 vetted business buyers, sellers, and advisors. It also promises to increase deal success using AI technologies for seamless and powerful dealmaking services.
Dealcierge, an independent M&A platform incubated by SC Ventures, brings extensive Asian networks and a Capital Markets Services Licence from the Monetary Authority of Singapore (MAS). SC Ventures will retain a shareholding in the combined venture. Eden Exchange contributes its established Australian and New Zealand networks and experience of over 5,000 transactions via its DealXchange platform.
Dhanush Ganglani, CEO of Pegasus Dealmaking and co-founder of Eden Exchange, stated that edenX is the “next step in our mission to arm the long-underserved small to mid-sized M&A market”.
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Alex Manson, CEO of SC Ventures, aded he looks forward to being a supportive shareholder as the two companies combine to support the critical SME ecosystem.
Raghu Rajakumar, CEO and co-founder of Eden Exchange, noted that the marketplace will help facilitate the transfer of A$6.5 trillion (US$4.03 trillion) of assets and wealth from Baby Boomers to a new generation.
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