Intiger Group signs Bid Implementation Agreement to acquire Complii FinTech Solutions

Complii is a Financial Technology (FinTech) company which has a vision of becoming the financial services industry standard in targeted risk, compliance and business technology.

PERTH: Intiger Group Limited has signed a Bid Implementation Agreement (BIA) with Complii FinTech Solutions Ltd, which sets out the terms on which Intiger will offer to acquire all of the fully paid ordinary shares in Complii by way of an off-market takeover.

Complii is a Financial Technology (FinTech) company which has a vision of becoming the financial services industry standard in targeted risk, compliance and business technology.

The Complii Group (defined below) provides solutions to the financial services sector covering compliance, capital raising, e-learning, account opening and online portfolio management tools. These solutions are primarily provided through the Complii platform (Complii Platform), a modular and customisable digital platform that provides a configurable digital solution to offer specific business, compliance and operational needs of financial organisations, their advisers and investors.

The Complii Group is expanding and diversifying its product offering through the recent acquisition of the following entities:

•Shroogle Pty Ltd (Shroogle), acquired in October 2019, has developed an online platform for individuals to apply for a competitive home loan and to seek assistance in the completion of the application process, and support through to settlement (Shroogle Platform). Shroogle has been issued an Australian Credit Licence and operates as a mortgage broker;

•ThinkCaddie Pty Ltd (ThinkCaddie), acquired in November 2019, which developed a compliance e-learning module, which has been integrated into the core Complii Platform; and

•Adviser Solutions Group Pty Ltd (ASG), acquired in May 2020, which provides AFSL services to support organisations and individuals who are providing financial advice to their clients.

These organisations are also provided with access to the core Complii Platform to manage their compliance functions. The Complii Group currently operates in Australia.

Complii currently generates revenue primarily from monthly and annual subscription fees paid by customers for use of the Complii Platform. As at the date of this announcement, Complii provides over 60 investment and advisory firms with access to its services. Complii has experienced rapid growth since commencement of its operations and activation of the Complii Platform.

 www.intigergrouplimited.com.au

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