Complii Fintech Solutions acquires MIntegrity to reinforce regulatory offering
Complii Fintech Solutions has completed its acquisition of Sydney, Australia-based compliance consulting business MIntegrity as it seeks to “further diversify” its regulatory offering.
Complii Fintech Solutions acquires MIntegrity
The acquisition includes the MIntegrity brand, IP, key personnel and clients, and was finalised through a share-cash transaction in which Complii issued 13 million fully paid ordinary shares and paid $150,000 in cash.
In addition to this, if MIntegrity meets undisclosed revenue targets for the 2024 and 2025 financial years, then Complii has agreed to pay a further $150,000.
Founded in 2013, MIntegrity provides a regulatory advisory and automation platform for financial service providers in Australia. Its solutions include its digital regulatory web service RegsWeb and its e-learning portal MIWize, which equips professionals with knowledge on how to meet regulatory requirements.
Complii sees these services as largely complimentary to its existing compliance modules, including its CPD online management platform ThinkCaddie. The company expects the acquisition will further the reach of its solutions both within its native market of Australia and internationally.
Craig Mason, executive chairman of Complii, anticipates that MIntegrity’s “skills, expertise and network” will add “significant value” to his company.
Mason adds that the acquisition, which builds upon its previous acquisitions of PrimaryMarkets and Registry Direct in 2021 and 2022 respectively, “helps us build our compliance ecosystem further”.
