Skybound Capital, a global wealth management firm with offices in London and Hong Kong, has acquired a majority stake in Australian fintech company Fair Go Finance for A$20 million ($13.6 million), according to a statement.
Skybound takes a 60 per cent stake in Fair Go Finance from Frankfurt-listed MyBucks SA, which acquired a 75 per cent stake in the online loans provider in 2017 for A$3 million ($2 million).
