Login | Register
Profile | Log out
logo

  • Home
  • News
  • Opinion
  • Other
    • Market Updates
    • Explainers
    • Satire
  • About
  • Contact Us
    • Contact
    • Get Covered
    • Posting Guidelines
  • Subscribe
Submit An Article

Latest Articles

  • Biotron Expands into Anaesthetics with Sedarex Acquisition and $2.5m Raise
    Biotron Expands into Anaesthetics with Sedarex Acquisition and $2.5m Raise
    • News

  • DroneShield Boosts Defence Capability with $13 Million Adelaide R&D Investment
    DroneShield Boosts Defence Capability with $13 Million Adelaide R&D Investment
    • News

  • Stakk Secures T-Mobile Contract to Power Super App Expansion
    Stakk Secures T-Mobile Contract to Power Super App Expansion
    • News

  • Medibank Backs Emyria with Landmark Depression Care Deal
    Medibank Backs Emyria with Landmark Depression Care Deal
    • News

  • NoviqTech Launches Quantum Intelligence Products, Opening Path to Enterprise-Grade Quantum AI
    NoviqTech Launches Quantum Intelligence Products, Opening Path to Enterprise-Grade Quantum AI
    • News

  • BRE Wins Final Permit to Advance Rare Earth Pilot Plant in Brazil
    BRE Wins Final Permit to Advance Rare Earth Pilot Plant in Brazil
    • News

  • Harris Technology eyes profitability as refurbished tech sales surge
    Harris Technology eyes profitability as refurbished tech sales surge
    • News

  • QIC Fund Backs Ark Mines with $4.5m to Accelerate Sandy Mitchell Development
    • News

  • Swift Secures $2.4m Chevron Contract to Extend Entertainment and Support Services
    Swift Secures $2.4m Chevron Contract to Extend Entertainment and Support Services
    • News

  • FBR’s tech could help reduce housing construction-related cost pressures
    FBR’s tech could help reduce housing construction-related cost pressures
    • News

Complii Fintech revenues surge with move to become one-stop-shop for listed companies

  • In News
  • July 14, 2022
  • Alfred Chan
Complii Fintech revenues surge with move to become one-stop-shop for listed companies

Complii Fintech (ASX: CF1) has continued its rapid progression towards becoming a one-stop-shop for ASX-listed companies that can handle all facets of regulatory compliance and capital raising with their busy year being capped off by a 406% surge in revenue. 

For the year ended 30 June 2022, Complii generated $9.05 million in revenue receipts from its customers, primarily listed companies, stockbrokers and financial advisers, which represented a 403% increase from the previous year. This revenue included acquired revenue from Primary Markets which was purchased by Complii in September 2021. These numbers are expected to again increase substantially next year with Complii currently in the process of acquiring share register Registry Direct (ASX: RD1) in an all-scrip takeover that will give Registry Direct shareholders 1 CF1 share for each 4.5 RD1 share held. 

“Despite weakened market conditions, we are delighted to disclose another solid Quarterly result,” said Complii Executive Chairman, Craig Mason. 

“We are also pleased to announce a further expansion initiative in line with our Company growth strategy – the proposed Takeover Offer of Registry Direct this quarter. This proposed new acquisition will enable us to provide a full end-to-end digital service offering to customers and corporate entities, maintaining our first mover positioning advantage across all facets of our industry.” 

By structuring their acquisition as an all-scrip purchase, similar to the Primary Markets acquisition, Complii has maintained a healthy cash flow position to have positive operating cash flow of $1.3m in FY22. In addition to this, the Company also has $5.7m cash on hand. 

The addition of Registry Direct to Complii is a move that follows a growing industry trend in the financial service space that is advancing the traditional services provided by share registers – a staple service required by all publicly traded companies. 

The movement has recently seen Automic (unlisted) emerge as the fastest growing share registry business in Australia through their digital-focused approach, which has been further bolstered by their recent acquisition of investor relations company MarketEye. That acquisition effectively extended the revenue opportunities for companies housed on Automic to be upsold for ongoing investor relations services, including capital raising activities. 

With the addition of Registry Direct which houses more than 700 company share registers, Complii will look to capitalise on cross promotional revenue opportunities by offering their flagship corporate governance services, as well as access to more than 100 brokers and 3,500 registered Complii users and 110,000 investors through Primary Markets that regularly participate in capital raises. 

In FY21, Registry Direct generated $807k revenue but this is virtually immaterial compared to the revenue opportunity Complii will secure via acquisition of their customer base and cross-sell opportunities. Upon completion of the acquisition which is pending RD1 shareholder approval, Registry Direct shareholders will own 18.1% of Complii Fintech. 

  • About
  • Latest Posts
Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
  • Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
  • Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
  • ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024
  •  
  •  
  •  
  •  
  • asx cf1
  • asx rd1
  • complii
  • complii fintech
  • Fintech
  • marketeye
  • registry direct
  • share registry
  • News

Leave a Comment

You must be logged in to post a comment.

  • About
  • Latest Posts
Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
  • Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
  • Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
  • ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024

Login or register for free to access unlimited reading

Register Now!
  • About
  • Latest Posts
Alfred Chan
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
Latest posts by Alfred Chan (see all)
  • Harris Technology to expand refurbished tech division amid rising demand from cost-conscious Australians - April 30, 2025
  • Harris Technology secures major investment from Taiwan’s FSP Technology at 100% premium - March 10, 2025
  • ARC Funds acquires 30% of auzbiz Capital as latest direct-to-investor marketing venture - October 8, 2024
  • News

  • Opinion

  • Satire

  • About

  • Contact Us

  • Subscribe

The content published on this website is solely for general information purposes and is not to be construed as financial advice. Should you seek financial advice you should consult with an appropriately qualified person. Opinions expressed on this site are subject to change without notice and The Sentiment who produced this content is under no obligation to keep the information current. The Sentiment, affiliated companies & associates may have a conflict of interest with companies discussed on the website due to commercial arrangements, for example they may be shareholders in the company, be engaged by them to assist in investor communications or receive commission/brokerage for funds raised.

Copyright © 2020 The Sentiment. All rights reserved.
Subscribe

Enter your email address below to subscribe to The Sentiment’s weekly newsletter, highlighting the top news, research, opinion and satire articles shaping ASX investor sentiment.

The Sentiment respects your privacy and will not spam you. View our privacy policy here.