DASH Technology Group bags $20m investment from Bailador Technology Investments
Aussie fintech DASH Technology Group has secured a $20 million investment from Bailador Technology Investments, a growth-stage technology investor based in Sydney.
DASH lands $20 million investment from Bailador
Founded in 2010, DASH provides software solutions for financial advisers to digitise their services, claiming to serve individual advice firms, institutional companies, AFSLs and stockbrokers.
DASH has earmarked its latest cash injection to accelerate both its software and platform technology, with a “special emphasis” on upgrading its platform in line with “next-generation adviser needs”.
Moreover, the firm intends to use the funds to expand its workforce by 20 over the “next six to 12 months”, specifically aiming to bolster its sales, client transitions, software and technology teams.
Speaking on the deal, DASH CEO Andrew Whelan says: “While we have achieved a lot in this short time, we have much more on our roadmap. This investment will allow us to fast-track our key developments, all of which are advice and client-led”.
DASH joins a growing cohort of Australian fintechs securing significant investments. Its latest capital raise follows banking software developer Constantinople’s $33 million Series A round, completed in April and led by Prosus Ventures, the Dutch corporate venture capital arm of Prosus Group.
