Brisbane-based cryptocurrency exchange Swyftx is acquiring boutique digital assets brokerage Caleb & Brown in a deal that given them access to the wealthiest crypto investors in the US. The terms were not disclosed, although Swyftx hailed it as “the largest crypto acquisition in ANZ history ” in a media announcement, but Decrypt reports a source… Read more »
The empire of online drinks brand Just Wines is expanding again with the acquisition of craft beer e-tailer Beer Cartel and its gifting sub-brand Brewquets. The terms of the deal were not disclosed, but the merger comes nearly 3 years after the online beer store raised $1.45 million in a Birchal crowdfunding campaign from more… Read more »
Power giant Origin Energy has taken a 20% stake in six-year-old energy management startup Climatech Zero for an undisclosed sum. The business was spun out of the merger of Sydney mechanical services (ie. air conditioning, heating, ventilation and plumbing) design and construction firm Climatech Group and Irish sustainability software business CoolPlanet, in 2018 before rebranding… Read more »
Two more hospitality payments platforms have merged as the sector continues to consolidate with Melbourne’s HungryHungry joining forces with New Zealand white label mobile payments platform MOBI. The deal follows the merger of rival meal ordering apps Mr Yum and me&u in late 2023. HungryHungry, founded in 2019 Shannon Hautot and Mark Calabro, began life… Read more »
Serial entrepreneur Carrie Kwan has sold her women’s microbusiness advisory and networking platform, Mums & Co, to insurance giant IAG for an undisclosed sum. The deal, via IAG’s NRMA Insurance brand, reflects a longstanding relationship with Kwan, dating back to the genesis of Mums & Co in 2016, with the insurer an existing investor in… Read more »
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