Australian fintech Demyst snapped up in $157m acquisition

Australian fintech company Demyst, which counts banks ANZ, NAB and Standard Chartered among its clients, has been bought by a private equity-backed Portuguese firm in a deal industry sources said was worth about $US100 million ($157 million).

The company, founded by former LexisNexis managing director Mark Hookey in Hong Kong in 2010, was acquired by fraud and financial crime prevention software firm Feedzai.