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