Complii FinTech Solutions pursues ongoing growth following Registry Direct acquisition
In FY2022, Complii achieved its first net profit since it was established of $114,937.
Following the acquisition of Registry Direct in August, Complii FinTech Solutions (ASX: CF1) expects to continue growing its revenue and profits throughout 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 offering has been built via research and development along with acquisitions of complementary technology. Its users include Australian financial services licence (AFSL) holders with unlisted and listed securities issuers, as well as private and institutional investors.
“Alongside the ASX, market data providers and execution and clearing houses, Complii modules now serve as the backbone of equity capital markets, enabling new levels of operating efficiencies and competitive advantage for users,” Complii stated.
The company’s offering includes registry services at the inception of a corporation, unlisted trading facilities (pre-IPO), capital raising (seed round and IPO listings), administration tools, and shareholder services post listing.
These are in addition to all compliance controls required for working in capital markets.
Registry Direct acquisition
Acquiring Registry Direct will now enable Complii to provide share and unit registry software services.
Complii says Registry Direct offers access and engagement to more than 100,000 holdings with investors, advisers, and companies.
Registry Direct has more than 700 listed and unlisted companies and trusts. The combined entity will also be able to supply stockholders with future liquidity and private trading hub opportunities in companies that look to stay private through Complii’s PrimaryMarkets product.
The trading hub opportunities enable companies to offer liquidity to shareholders, raise new capital, undertake sell downs and/or progress towards an ASX listing.
Other business units
As well as Registry Direct, Complii has four other primary business modules.
Complii provides compliance frameworks and workflows at every level of a retail or offering or wholesale AFSL business and corporate deal flow service to AFSL holders through its Account Fast product.
PrimaryMarkets enables capital raising and trading of unlisted securities. It connects unlisted companies and funds to a global network of over 110,000 sophisticated and institutional investors.
Meanwhile, Boom is targeted at financial planners to enable client information management, and professional accreditation maintenance.
And the final product, Think Caddie provides mandatory training to enable AFSL holders to maintain professional accreditation.
Surging revenue
Through a combination of acquisitions and organic growth, Complii’s group revenue has already surged from $2.02 million in FY2021 to $8.64 million in FY2022.
This revenue growth saw Complii achieve its first net profit since establishment of $114,937 in FY2022.
Complii noted it had also achieved this in a weak market.
As FY2023 advances, Complii will continue its layered growth strategy by acquiring complementary technology and integrated services.
Organic growth will progress via cross-module sales to increase client penetration.
The ultimate goal is to expand Complii’s footprint in the equity capital market sector – offering its services to stockbrokers, corporate advisory firms, wealth managers, financial planners, banks, international corporates, private companies and sophisticated investors.