Low profile Aussie fintechs eyed off by $US9.7b giant

Low profile Aussie fintechs eyed off by $US9.7b giant

They’re the Australian-founded fintechs you’ve probably never heard of, working in one of the hottest sectors in the country and now they’re honing in on a $2 billion-plus sale.

Street Talk understands payments businesses Optal and sister company eNett are poised to be sold in a stealth process run by Goldman Sachs in New York and Credit Suisse in London.

It is understood final round bids were due before December 31 and New York-listed IT services management giant WEX is in pole position.

A deal is expected to be signed within the next fortnight – and sources said there was a local Aussie upstart as a voice at the table and in suitor WEX’s camp.

It is understood business payments outfit Fleetcor, travel technology company Amadeus and a bunch of private equity firms have also been in-and-around the situation.

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Source: Low profile Aussie fintechs eyed off by $US9.7b giant

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