What did Xref acquire and why?

Xref (ASX: XF1) acquired Voice Project, an employee engagement technology company, to create a complete hire-to-retire solution for employers and compete with incumbent unicorns. The acquisition expands Xref's capabilities by adding Voice Project's data-driven surveys, leadership assessments, and industry benchmarks to its existing product suite.

How many clients does Voice Project serve?

Voice Project serves 944 not-for-profit, private, and public clients, including major organizations like HammondCare, Hungry Jacks, 236 community service organisations, and 70 universities and research institutes. The company has engaged with over 3.75 million people through its surveys and maintains a 99 percent client satisfaction rating.

What financial impact will this acquisition have on Xref?

The acquisition will drive Xref's revenue forward by a forecast $4 million and increase its global headcount from 85 to 100 employees. It also opens up Voice Project's 944 clients to Xref's complementary products and introduces Voice Project's services to Xref's existing community of 1,300 enterprise clients and 15,000 users.

Digital lender and non-bank challenger MONEYME Limited (ASX: MME)