Hall & Wilcox advises fintech business Yondr Money on acquisition of Shouta

Hall & Wilcox advised Yondr Money, an Australian fintech company, during its acquisition of Shouta, a prominent nano-gifting platform known for its innovative micro-gifting approach.

Yondr Money is committed to simplifying and enhancing the financial lives of Australians. Since its product launch in 2022, the company has remained a frontrunner in innovation, offering transparent, accessible and tailored financial solutions to empower individuals and businesses alike.

The integration of Shouta’s technology into Yondr Money’s ecosystem promises to transform financial services. This strategic integration enhances both companies and their customers, expanding Yondr Money’s suite of financial management and budget offerings with Shouta’s gifting platform. By tapping into Shouta’s extensive user base of over 44,000 individuals and more than 250 businesses, Yondr Money unlocks new growth opportunities. This acquisition enables Yondr Money to deliver more personalised and engaging financial solutions, aligning with its mission of providing valuable and enjoyable experiences.

The Hall & Wilcox team, led by Partner and Fintech & Blockchain Lead John Bassilios and supported by lawyer Joe Azzi, offered comprehensive legal guidance to Yondr Money during the transaction. The team advised on, and prepared, the share purchase deed, assisted with due diligence and facilitated completion and settlement of the sale. Their expertise ensured a smooth transition, protecting the interests of both Yondr Money and Shouta.

John Bassilios reflected on the deal, sharing, ‘Hall & Wilcox is proud to have supported Yondr Money in this acquisition. Our team is dedicated to empowering visionary companies like Yondr Money to navigate complex transactions with confidence, ensuring their continued success in a rapidly evolving marketplace. The deal is also special for Hall & Wilcox, as we have had Yondr Money as a client from its early days. It was part of our inaugural Frank Lab startup program in 2019, so seeing the company grow and undertake its first acquisition is significant.’

Yondr Money Co-Founder & CEO Shane Chanel said ‘We were thrilled to work with Hall & Wilcox and the Shouta team to bring this deal to life. Our journey with the Frank Lab cohort in 2019 provided a strong foundation, further bolstered by the wisdom and guidance from John and the Hall & Wilcox team. This acquisition is about more than just merging technologies – it’s about combining our strengths to build a better future for our customers’.

Hall & Wilcox is a leading independent law firm. We have more than 1,000 people, including 130+ partners, working across eight offices. We build partnerships with and service corporate, public sector and private clients, both Australian-based and international.