DASH Technology Group, an Australian fintech firm, has recently announced the successful acquisition of a substantial $20 million investment from Bailador Technology Investments. This growth-stage technology investor, based in Sydney, has identified the potential of DASH and has decided to make a significant investment in the company.
Established in 2010, DASH Technology Group specializes in providing software solutions for financial advisers to digitize their services. Their client base includes individual advice firms, institutional companies, AFSLs, and stockbrokers. With the newly acquired investment, DASH is poised to enhance its software and platform technology, specifically focusing on upgrading its platform to meet the needs of next-generation advisers.
The company has ambitious plans for the future, intending to utilize the funds to expand its workforce by 20 over the next six to twelve months. The focus will be on strengthening departments such as sales, client transitions, software, and technology teams.
Andrew Whelan, the CEO of DASH Technology Group, has expressed his enthusiasm about the recent investment, stating, “While we have achieved a lot in this short time, we have much more on our roadmap. This investment will allow us to fast-track our key developments, all of which are advice and client-led.”
DASH Technology Group is one of many Australian fintech firms that have successfully secured substantial investments. This recent capital raise follows banking software developer Constantinople’s $33 million Series A round, led by Prosus Ventures, the corporate venture capital arm of Prosus Group.
The investment from Bailador Technology Investments is projected to have a significant impact on the growth and development of DASH Technology Group. With a clear focus on innovation and meeting the evolving needs of the financial advisory industry, DASH is well-positioned to leverage this investment for sustainable growth and success.