Addisons advises on Frollo sale

Addisons was pleased to advise fintech Frollo and its shareholders on its sale to NextGen.

Frollo is a FinTech that is focused on financial wellness and improving consumer’s confidence with money. The sale transaction closed on 1 July 2020, the same day that Frollo became the first Australian FinTech to become an accredited data recipient under the Consumer Data Right (CDR) regime, known as ‘open banking’.

The Addisons team included Partner Kieren Parker, Senior Associate Rebecca Dooley and Solicitor Max Jamieson.