GoLogiq, a New York-based provider of fintech and consumer data analytics solutions, acquired Appli, a Sydney, Australia-based organization focused on improving mental health and wellbeing.
Under the terms of letter of intent, GoLogiq will acquire 100% of Appli in an all-stock transaction. GoLogiq would issue common shares to APPLI shareholders valued at US$6 million. The transaction is expected to close in the second quarter of 2023.
Led by founder and CEO, Paula Robinson, Appli aims to help people and organizations make positive and sustainable change in mental health and wellbeing through a diverse range of products and services. It brings together scientists, practitioners, thinkers and educators for works with Positive Psychology application. It offers education and training, consulting and research and development across the lifespan and across all sectors within society.
Appli’s major corporate clients include The Reserve Bank of Australia, The International Bank of Settlements, Price Waterhouse Coopers, and Nextgen Financial Group.
Led by CEO Brent Suen, GoLogiq is a provider of fintech and mobile solutions for digital transformation and consumer data analytics. Its software platforms are comprised of CreateApp, a mobile app development and publishing platform for small-to-medium sized businesses; AtozGo, an app-based delivery platform; AtozPay, an eWallet for mobile top-up, e-commerce purchases, bill payment and microfinance; and Radix, a Big Data analytics platform. Through its subsidiary, GenFi Financial Group, GoLogiq provides wealth management, direct-to-consumer lending platforms, mortgage broking, accounting, taxation advice, reporting, structuring, and solutions for individual investors and small-to-medium businesses in Australia.
FinSMEs
05/04/2023