A startup that began life as a “rough PowerPoint” has been sold to a large financial services player.
AMP has announced it has acquired the outsanding minority interest in personal finance platform MoneyBrilliant through its New Ventures team after previously investing $1.5 million in the company in 2014.
As part of the acquisition MoneyBrilliant CEO Jemma Enright will be leaving the startup, while co-founders Peter Lord and Adrian Soldan will remain in “key leadership roles”. The exact details of the sale have not been revealed.
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Denham Sadler is a former editor of StartupSmart. He was previously a journalist at the publication and has worked as a freelancer for the Guardian, the Saturday Paper and the ABC. In his spare time he likes puns and jaffles.
