Australian fintech company Demyst, which counts banks ANZ, NAB and Standard Chartered among its clients, has been bought by a private equity-backed Portuguese firm in a deal industry sources said was worth about $US100 million ($157 million).
The company, founded by former LexisNexis managing director Mark Hookey in Hong Kong in 2010, was acquired by fraud and financial crime prevention software firm Feedzai.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
