The deal has been approved as three firms competed to acquire the Aussie platform.
Safewealth shares will be delisted upon completion of the acquisition.
A screenshot of Safewealth website
Axi, a contracts for differences (CFDs) broker in the retail space, has lost its bid to acquire the Australian trading platform SelfWealth, which is now set to be bought by Singapore-based investment platform Syfe in an AUD 65 million all-cash transaction.
A Three-Way Fight for Safewealth
Financemagnates.com earlier reported that Axi offered 23 cents per share to acquire SelfWealth, which would have made it a AUD 52 million deal. Another bidder for the Aussie platform was local Bell Financial Group, whose per-share bid was undercut by Axi by 1 cent.
The AUD 65 million offer was at a 133 per cent premium to Safewealth's last closing price of 12 cents on 12 November 2024, the day before the first bid by Bell Financial was submitted.
Selfwealth shareholders approved Syfe's offer today (Tuesday). As per the terms, the transaction is expected to be completed by 7 May, once conditions such as court approvals are met or waived.
Further, Selfwealth will be delisted from the Australian Securities Exchange and will operate under the name Selfwealth by Syfe. Syfe operates its wealth management platform across Australia, Singapore, and Hong Kong.
Dhruv Arora, Syfe Founder and CEO
“Selfwealth’s strong user base and credibility in the Australian market make it a natural strategic fit for Syfe,” said Syfe Founder and CEO, Dhruv Arora, adding: “We believe now is the time to strengthen our presence in Australia.”
“Australia’s Most Popular Low-Cost Trading Platform”
Craig Keary, Selfwealth CEO
SelfWealth, which promotes itself as “Australia’s most popular low-cost trading platform,” offers trading in shares listed on exchanges in Australia, the United States, and Hong Kong. It has about 129,000 active Australian investors and AUD 10.7 billion in funds under administration.
Founded in 2012, SelfWealth went public in 2017. In the fiscal year ending 30 June 2024, it generated revenue of AUD 27.6 million, with a net profit of AUD 3.4 million.
“As CEO, I am immensely proud of what has been achieved for both customers and shareholders, particularly over the last 18 months,” said Selfwealth CEO, Craig Keary. “With a refreshed Board and new leadership team, significant progress and success has been made in a short time as we transformed the business to meet changing customer demands.”
Axi, a contracts for differences (CFDs) broker in the retail space, has lost its bid to acquire the Australian trading platform SelfWealth, which is now set to be bought by Singapore-based investment platform Syfe in an AUD 65 million all-cash transaction.
A Three-Way Fight for Safewealth
Financemagnates.com earlier reported that Axi offered 23 cents per share to acquire SelfWealth, which would have made it a AUD 52 million deal. Another bidder for the Aussie platform was local Bell Financial Group, whose per-share bid was undercut by Axi by 1 cent.
The AUD 65 million offer was at a 133 per cent premium to Safewealth's last closing price of 12 cents on 12 November 2024, the day before the first bid by Bell Financial was submitted.
Selfwealth shareholders approved Syfe's offer today (Tuesday). As per the terms, the transaction is expected to be completed by 7 May, once conditions such as court approvals are met or waived.
Further, Selfwealth will be delisted from the Australian Securities Exchange and will operate under the name Selfwealth by Syfe. Syfe operates its wealth management platform across Australia, Singapore, and Hong Kong.
Dhruv Arora, Syfe Founder and CEO
“Selfwealth’s strong user base and credibility in the Australian market make it a natural strategic fit for Syfe,” said Syfe Founder and CEO, Dhruv Arora, adding: “We believe now is the time to strengthen our presence in Australia.”
“Australia’s Most Popular Low-Cost Trading Platform”
Craig Keary, Selfwealth CEO
SelfWealth, which promotes itself as “Australia’s most popular low-cost trading platform,” offers trading in shares listed on exchanges in Australia, the United States, and Hong Kong. It has about 129,000 active Australian investors and AUD 10.7 billion in funds under administration.
Founded in 2012, SelfWealth went public in 2017. In the fiscal year ending 30 June 2024, it generated revenue of AUD 27.6 million, with a net profit of AUD 3.4 million.
“As CEO, I am immensely proud of what has been achieved for both customers and shareholders, particularly over the last 18 months,” said Selfwealth CEO, Craig Keary. “With a refreshed Board and new leadership team, significant progress and success has been made in a short time as we transformed the business to meet changing customer demands.”
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
