Complii FinTech Solutions expanded into institutional markets with a major contract, raised $2 million via convertible notes, and facilitated $22.48 billion capital raising on its platform in FY26.
- First institutional contract signed
- $2 million convertible note raise completed
- $22.48 billion capital raised through platform
- 5.2% annual recurring revenue growth
- Ongoing CRM rebuild and AI initiatives
Institutional Breakthrough and Capital Raising Milestone
Complii FinTech Solutions Ltd (ASX:CF1) marked a significant strategic milestone in FY26 by securing its first major contract with a large financial institution to deliver its capital raising solution. This deal not only propels Complii into the institutional market segment but also opens doors for similar opportunities domestically and internationally. The year also saw clients raise a record $22.48 billion across 3,592 unique offerings using Complii’s Capital Raising platform, underscoring the company’s growing footprint in equity capital markets.
Convertible Note Raise Fuels Growth Initiatives
To support its growth ambitions, Complii successfully completed a $2 million convertible note raising. The funds are earmarked for targeted initiatives including enhancements to the capital raising system, completion of the CRM rebuild, and AI development projects. The convertible notes carry a 12% interest rate and mature in March 2028, convertible at one share per note. Executive Chairman Craig Mason and Managing Director Alison Sarich are significant noteholders, reflecting management’s skin in the game.
Financial Performance and Operational Efficiency
Complii reported a 5.2% increase in Annual Recurring Revenue (ARR) year-on-year, driven by licence fees growth despite a 38% decline in service fees largely due to the termination of a Registry Direct Services Agreement in the prior year. Total revenue from continuing operations stood at $6.42 million, down 21% from FY25. The company recorded a loss after tax of $4.26 million, widening from $2.7 million the previous year, reflecting ongoing investments in product development and restructuring costs.
Cash and cash equivalents were $1.01 million at year-end, supplemented by $162,000 held on term deposit as lease security. The group also received $1.2 million in R&D grants for FY25 activities and anticipates a similar amount for FY26 in the first half of FY27. Cost-cutting measures implemented during FY26 are expected to improve operating leverage in FY27.
Product Development and Platform Enhancements
Complii continued to invest heavily in its technology ecosystem, notably advancing the rebuild of its compliance-driven CRM platform. The first stage of the new CRM was delivered to a client during FY26, with the capital raising module rebuild scheduled for completion in the second half of FY27. The company also formed a dedicated AI team to develop customer-requested AI features and improve system efficiencies.
The launch of Complii Lite, a standalone compliance register module, offers a simplified compliance solution for AFSL holders not requiring the full platform. Capital raising enhancements aligned with the institutional contract were also delivered, reflecting the company’s focus on meeting complex client requirements.
Business Units and Market Position
The Complii Group’s diversified business units showed mixed performance amid challenging market conditions. PrimaryMarkets focused on enhancing its private market liquidity platform despite subdued activity, while MIntegrity shifted towards higher-value recurring compliance services amid regulatory scrutiny. ThinkCaddie expanded its CPD content and launched AML training in partnership with MIntegrity, with a development migration underway to bring capabilities in-house.
Complii’s integrated SaaS platform remains a key differentiator, offering a modular, end-to-end solution across corporate lifecycle compliance, capital raising, and risk management. The group’s cross-selling strategy and operational improvements position it well to capture growth opportunities in Australia and offshore.
Governance and Remuneration
The board, led by Executive Chairman Craig Mason and Managing Director Alison Sarich, maintained strong oversight with a focus on disciplined capital management and shareholder alignment. No dividends were declared. The remuneration report detailed executive and non-executive director compensation, including significant performance rights issued subject to revenue and ARR growth hurdles. Convertible notes were also issued to key management personnel, aligning incentives with company performance.
Bottom Line?
Complii’s FY26 achievements lay a foundation for institutional expansion and product monetisation, but cashflow and profitability remain key challenges to watch.
Questions in the middle?
- How will Complii convert its institutional contract into sustained revenue growth?
- What impact will the ongoing CRM rebuild and AI initiatives have on customer retention and ARR?
- Can the company achieve a cashflow-positive position in FY27 amid continued investment and cost pressures?