Assembly Payments PTY. Ltd. agreed to acquire CurrencyFair Ltd on April 7, 2021. Paul Byrne, Chief Executive Officer of CurrencyFair, will lead the merged business.

The merger happens due to strategic investment by SC Ventures, a Standard Chartered company. The transaction is subject to shareholders and regulatory approval. As per the transaction, there will be a creation of a new parent company which will be the new home of the combined entity of CurrencyFair and Assembly Payments.