Complii Fintech Solutions has successfully completed its acquisition of MIntegrity, a compliance consulting business, as part of its efforts to enhance its regulatory services.
This acquisition encompasses the MIntegrity brand, intellectual property, key personnel, and client base. It was finalized through a share-cash transaction, involving Complii issuing 13 million fully paid ordinary shares and paying $150,000 in cash. Additionally, Complii has agreed to pay an additional $150,000 if MIntegrity achieves undisclosed revenue targets for the 2024 and 2025 financial years.
Complii aims to position itself as the leading end-to-end service provider for AFSL (Australian Financial Services License) holders. MIntegrity, based in Sydney, is a specialist regulatory risk consulting firm with extensive regulatory expertise and commercial experience. Their digital offerings include RegsWeb, a digital regulatory library, and MIWize, an e-learning library featuring specialized modules aligned with FASEA (Financial Adviser Standards and Ethics Authority) requirements.
By FCCT Editorial Team