Having invested $1.5 million into Sydney-based personal finance platform MoneyBrilliant in 2014, financial services company AMP has today announced its acquisition of the startup. The terms of the acquisition were not disclosed.
We’ve seen a number of startups emerge in the last few years that help people manage their personal finances via their smartphones – a few notable examples include Mint, Pocketbook and Digit. Although Sydney-based startup MoneyBrilliant isn’t a new market entrant, it has undergone many iterations and is now one of best available because of its UI/UX as well as the volume and type of financial services accounts that can be integrated into the application.
It’s been a busy week for acquisitions and funding news across the global startup space, with AOL acquiring Kanvas Labs and Millennial Media to boost its mobile offerings, Microsoft acquiring VoloMetrix, and enterprise security startup Tanium raising $120 million. Closer to home, online small business lender Prospa raised a $60 million Series B round, while MoneyBrilliant raised $1.5 million from AMP.