Despite facing global economic challenges, ASX-listed Complii Fintech Solutions has successfully raised over A$10 billion in private capital during FY23. More than 3000 financial advisers, stockbrokers, and AFSL holders utilized the firm's platform to facilitate this capital raising, highlighting a shift towards the unlisted space.
Today, Craig Mason, Complii's executive chairman, reported that there was A$2 billion (USD1 = AUD1.5535) activity on their platform in Q1 across 800 deals. Although he acknowledged altered capital pricing due to the downturn, he emphasized the abundance of capital available for deployment and distribution.
Complii's client base includes prominent firms such as Canaccords, Euroz Hartleys, Shaws, and Argonauts. These firms leverage the platform to efficiently deploy and distribute their funds.
In addition to its primary platform, Complii operates subsidiaries like Primary Markets and Mintegrity. Primary Markets boasts over 100 investment opportunities and a network of 110,000 contacts, serving as an investor hub for companies. Mintegrity offers regulatory advisory and automation services within Australia. Another subsidiary, ThinkCaddie, delivers content to financial professionals and assists in team management.
Companies such as Splitit and VGW utilize the Primary Markets platform post-delisting, while firms like Canaccords actively raise funds via Complii.
Mason described Complii as a Software as a Service (SaaS) business within the financial services sector, likening it to the industry's backbone. He affirmed that Regulatory Tech is here to stay with many customers also being company shareholders.
This surge in private capital raising comes amid projections by Bain & Company that global fundraising totals are set to hit $1 trillion out of a whopping $3.3 trillion sought by private capital funds.
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