Superhero and Swyftx set to merge by early 2023

By Maria Gil · · 1 min read
Fact Checked
woman checking her ipad for good deals on shares

Fintechs Superhero and Swyftx have announced their intention to merge into a $1.5 billion digital and traditional finance giant.

Superhero is a low cost ASX share trading and superannuation platform with more than 200,000 users and a 2022 Share Trading Mozo Experts Choice Award winner. Swyftx is a cryptocurrency exchange app that has access to more than 300 currencies and has more than 600,000 users. 

Swyftx’s co-founder Alex Harper said of the deal: “The proposed merger represents a significant step for both businesses in terms of their evolution from disruptive tech players into a single, major financial institution that can grow across domestic and international markets.”

Now users of the apps will have access to decentralised and traditional finance, share trading, cryptocurrencies and superannuation.

“We are thrilled to announce this merger and offer our customers the opportunity to invest in traditional and digital assets across a single platform,” said Superhero’s co-founder, John Winters.

Even though the two fintech companies have announced a merger, the two apps will continue to run as separate platforms but will begin to offer their combined services to all their customers.

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