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The seven-figure acquisition will see Fouracre Financial jointly own Dash Lending with InvestorKit, bringing the brokerage closer to its goal of building a $1 billion loan book.
The acquisition follows Dashdot’s liquidation on 28 May, leaving 695 customers listed as creditors for “prepaid services and refunds”, with claims allegedly totalling over $10 million. Dashdot, founded in 2019 by Gabi Billing and Glenn “Goose” McGrath, entered insolvency amid mounting economic pressures, market uncertainty, and tax changes.
Fouracre Financial founder Jack Fouracre said the acquisition forms part of his brokerage’s strategy to expand its business and move towards a $1 billion loan book.
Fouracre said that the company would prioritise a smooth transition for former Dashdot clients, ensuring their lending and finance requirements remained supported throughout the process.
“Our priority is ensuring those clients have access to experienced mortgage professionals who can help them navigate the next stage of their property journey with confidence,” he said.
“Whether a client is securing finance for their first investment property, refinancing an existing portfolio or preparing for their next acquisition, we’re committed to providing stability, guidance and ongoing support throughout the transition.”
Technology assets acquired
The broader transaction also includes Dashdot’s proprietary technology platforms, intellectual property, and operational systems, which InvestorKit will integrate into its business.
The acquisition includes Dashdot’s REMi predictive modelling platform, Pathfinder portfolio planning software, marketing infrastructure, data assets, and investment technology.
The property buyer's agency said the transaction was an asset acquisition only and did not involve the purchase of Dashdot Pty Ltd from liquidation. The deal was facilitated by KG & Co Legal.
Selected former Dashdot team members will also join InvestorKit as integration activities begin over the coming months.
InvestorKit founder and CEO Arjun Paliwal said the acquisition would strengthen the company’s technology offering while preserving valuable systems and expertise.
“The collapse of Dashdot was a significant moment for our industry and created uncertainty for hundreds of Australian investors,” Paliwal said.
“What stood out to us was that there were valuable technology platforms, intellectual property, systems and talented people that risked being lost entirely through the liquidation process.”
While integrating the assets, InvestorKit will conduct a structured consent process, giving former Dashdot clients the option to opt out before their data is transferred.
Paliwal said that the acquisition would also allow the businesses to support selected former Dashdot clients during the transition.
[Related: Business confidence bounces back, but pressures linger]
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