Complii Fintech Solutions has completed its acquisition of compliance consulting business MIntegrity, as it seeks to bolster its regulatory offering.
The deal is set to include 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.
Craig Mason, Executive Chairman at Complii, said: “We are strengthening and future-proofing our full, end-to-end offering to our customers, which positions us to maintain our first-mover advantage across all facets of our industry.
“Complii believes that the asset acquisition will provide both our Group and MIntegrity with additional and complimentary business opportunities for their respective current operations.”
The organisation has described the move as the latest potential strategic transaction, as it continues to evolve into becoming the leading end-to -end service provider for AFSL holders.
MIntegrity is a specialist regulatory risk consulting firm with deep regulatory knowledge and extensive commercial experience.
The Sydney-based firm’s digital offering includes RegsWeb, a digital regulatory library, and MIWize, an e-learning library of specialised modules in line with FASEA requirements.
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