Australian Finance Group Limited (ASX:AFG) acquired 70% stake in BrokerEngine on December 2, 2021. As part of the transaction, AFG has an option to increase its stake to 100 per cent over the next two years, subject to performance hurdles. BrokerEngine will continue to operate as a separate business in-market with AFG's balance sheet strength supporting their growth. Craig Vaughan and Will Swayne will continue in their current roles at BrokerEngine to drive innovation for all brokers using the technology. Graeme McKellar, Lisa McKellar and Jenny Zeng of Clairfield International acted as exclusive financial advisor to BrokerEngine.

Australian Finance Group Limited (ASX:AFG) completed the acquisition of 70% stake in BrokerEngine on December 2, 2021.