Studyfin Group completes AUD$20 million merger with Singapore-based TaisEdu

KUALA LUMPUR, March 7 (Bernama) -- Leading Melbourne-based fintech and international education services aggregation firm, Studyfin Group, has announced the successful completion of a scrip merger with Singapore-based TaisEdu Pte Ltd, the international education arm of Tais TIC group.

The deal resulted in a post-merger valuation of AUD$20 million, with leading global legal firm, Baker McKenzie acting as legal adviser for the deal. (AUD$1 = RM3.00)

Founder of Studyfin Group, John Du said in a statement that Studyfin is delighted to have completed this merger with TaisEdu, which represents a significant milestone for the company.

“This transaction brings together the strengths of two leading fintech and education companies, creating a powerful platform that is uniquely positioned to serve the needs of international students across the Asia-Pacific region, for years to come,” he added.

Meanwhile, Alfred Yu, Chairman of Tais Group, the parent entity of TaisEdu said: “By leveraging the educational channels and resources of both Studyfin and TaisEdu, we can provide a more comprehensive range of services to students, including financial services that are tailored to their specific needs.

“We expect this deal to be a game-changer in the international education and fintech sectors, as the newly combined group seeks to provide freshly innovative solutions to the complex issues faced by international students studying in the Asia-Pacific region.”

The merger between the two companies will establish dual HQ's in both Australia and Singapore, thereby providing coverage across the Asia-Pacific region.

With educational channels and resources from Australia, Greater China, Southeast Asia, North America, and the UK, the new company will open up upstream and downstream channels related to the industry.

It will also enrich cross-border financial services and further integrate its Asia-Pacific markets to cope with the complex cross-border education and financial environment.

The new company aims to provide a more valuable and enjoyable international education and lifecycle experience for the millions of international students throughout the region.

-- BERNAMA