Why this entrepreneur is starting again after selling for $80m

Funding Rounds

Summary

Leigh Dunsford, who co-founded Waddle, a cloud-based, lending platform acquired by Xero for $80 million in 2020, was already formulating the idea for his next fintech venture before the sale closed.After founding the business in 2014, former schoolmates Mr Dunsford, Nathan Andrews, and Simon Creighton sold Waddle to the accounting software giant for an upfront sum of $31 million, followed by an additional $49 million earn-out period which is still ongoing.

$ Funding

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Amount $2.3M Total raised
Date December 1, 2021 Announcement date
Investors - Lead investors
Company http://www.waddle.com.au Funded company

Classifications

industries
Fintech & Banking
applications
Accounting and Taxes

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