Company
Every investor coverage indicates participated in a round eNett International raised.
The transaction that ended eNett International's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
| Bought by | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| WEX | Acquisition | 20 Dec 2020 | $577m | Australian FinTech, Startup Daily |
Companies eNett International acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Name | Role | Sources |
|---|---|---|
| Michael Speight | Head of Risk, Compliance and Financial Crime (former) | Australian FinTech, SmartCompany |
Stories naming eNett International. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
KPMG's annual review reports Australian fintech investment of US$1.4 billion in 2020, featuring eNett's acquisition, raises by Judo Bank and Brighte, a cryptocurrency-backed IPO, and global fintech trends.
Weekly newsletter rounds up venture news: multiple Australian and regional VC fund closes, startup raises including Brighte and Judo, acquisitions of eNett and Sine, neobank collapses, and new revenue-based lenders.
Also Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Australian FinTech·Australian FinTech·TechCrunch Venture
Payments firms Optal and eNett are reportedly in a sale process run by Goldman Sachs and Credit Suisse, with WEX favoured as buyer, though no deal is signed yet.