During the quarter Mercury Fund twenty2 completed an investment into Findex, one of the largest providers of wealth, management and accounting services to SMEs and their owners across Australia and New Zealand (ANZ). Findex has significant reach in two independently large and growing markets: wealth management and accounting professional services.
Mercury was attracted to Findex as it is the only business that has been able to establish a scale wealth and financial planning business alongside a comprehensive accounting services platform in ANZ. This is complemented by a unique focus on the SME market, market leadership positions in fast-growing regional hubs outside metro centres, and market-leading investment in technology and digital capabilities.
Macro trends such as an ageing population, increasing retirement savings, recurring service usage and fragmented industry structures provide opportunities for long-term revenue growth for well-managed scale businesses within these sectors.
