ezyCollect, a Sydney Angels portfolio company, has been acquired by Sidetrade in a transaction valuing the business at A$66.5 million.
Founded in 2014, ezyCollect built an AI-powered accounts receivable platform serving more than 1,200 customers globally and generating approximately $15 million in SaaS revenue. The acquisition provides Sidetrade with a strategic entry into the Asia-Pacific market while enabling ezyCollect to continue operating with local leadership supported by global scale.
For early investors in the 2016 Sydney Angels syndicate, the transaction represents a significant liquidity event.
