Complii FinTech Solutions pursues continuous growth following the Registry Direct acquisition
Following the acquisition of Registry Direct in August, Complii FinTech Solutions (ASX: CF1) expects to continue to grow revenues and profits through FY2023.
Complii has developed what it describes as Australia’s first fully integrated software as a service (SaaS) corporate and adviser management platform for the country’s equity capital markets sector.
The company’s offer is built up through research and development together with the acquisition of complementary technology. Users include Australian Financial Services Licensees (AFSL) with unlisted and listed securities issuers, as well as private and institutional investors.
“Together with the ASX, market data providers and execution and settlement centres, Complii modules now act as the backbone of the equity capital markets, enabling new levels of operational efficiency and competitive advantage for users,” said Complii.
The company’s offering includes registry services at the establishment of a company, unlisted trading facilities (pre-IPO), capital raising (seed round and IPOs), administration tools and post-listing shareholder services.
These are in addition to any compliance checks required to work in capital markets.
Register direct acquisition
Acquiring Registry Direct will now enable Complii to offer share and unit registry software services.
Complii says Registry Direct offers access and engagement to more than 100,000 holdings with investors, advisors and companies.
Registry Direct has more than 700 listed and unlisted companies and trusts. The combined entity will also be able to provide shareholders with future liquidity and private trading hubs in companies that wish to remain private through Complii’s PrimaryMarkets product.
The trading hub capabilities enable companies to offer liquidity to shareholders, raise new capital, execute sell-downs and/or progress towards an ASX listing.
Other business units
In addition to Registry Direct, Complii has four other primary business modules.
Complii provides compliance frameworks and workflows at all levels of a retail or quote or wholesale AFSL business and corporate flow service to AFSL holders through its Account Fast product.
PrimaryMarkets enables capital raising and trading of unlisted securities. It connects private companies and funds to a global network of over 110,000 sophisticated and institutional investors.
Meanwhile, Boom is aimed at financial planners to enable the management of client information and professional maintenance of accreditation.
And the final product, Think Caddy provides mandatory training to enable AFSL holders to maintain professional accreditation.
Increasing income
Through a combination of acquisitions and organic growth, Complii’s consolidated revenue has already increased from $2.02 million in FY2021 to $8.64 million in FY2022.
This revenue growth saw Complii achieve its first net profit since inception of $114,937 in FY2022.
Complii noted that they had also achieved this in a weak market.
As FY2023 progresses, Complii will continue its layered growth strategy by acquiring complementary technology and integrated services.
Organic growth will develop via sales across modules to increase customer penetration.
The ultimate goal is to expand Complii’s footprint in the equity capital markets sector – offering its services to stockbrokers, corporate advisory firms, wealth managers, financial planners, banks, international companies, private companies and sophisticated investors.
