FinClear has made two pivotal corporate acquisitions in recent years. The acquisitions of Dion Australia (now part of FinClear Technology) in 2018 and Pershing Securities Australia in 2021 (now rebranded as FinClear Services) has given the FinClear Group unique scale and capability. FinClear is now the market leading provider in Australia of execution, clearing and settlement services, all using our proprietary technology.
In 2020 Magellan Financial Group invested in FinClear, which demonstrates a clear endorsement of the FinClear vision. We are delighted to have welcomed a number of new institutional investors since then who share our excitement for the future.
In 2022 we added FCX to the FinClear Group. FCX is the first company globally to offer a [centralised or DLT-enabled] platform for private company securities, enabling companies to digitally manage their registers, automate capital raisings and provide a liquidity venue, whilst providing investors seamless digital access to private company investment opportunities.
In 2023 we welcomed Transact1 to the FinClear Group. Transact1 operates a robust cloud-based platform which hosts the majority of Australia’s deposit-taking financial institutions. It offers institutional and wholesale investors an aggregated range of cash investment products and provides automated price discovery, portfolio optimisation, administration, and compliance services to meet regulatory demands and ongoing risk management.
The FinClear Group is now fortunate to have an exceptionally broad and diverse client base across listed and private markets. This client base gives us the opportunity – and challenge – to deliver even more efficient, cost effective and revolutionary products and services.
We have consistently extolled the future benefits of the ASX DLT project and how it will not only deliver further efficiencies for our business, but also ultimately create opportunities for the elimination of what we consider unnecessary ‘layers of fees’ in financial services.
We have much more to deliver in the next few years but we are excited for what the future holds!