FCX - Profile

Profile for Sub11 from FCX

Teamwork makes the dream work.


Year founded: 2021

Founder/CEO: David Ferrall

Location: Sydney

Size of Team: FCX is part of the FinClear Group with 200+ employees across Australia.

Website: www.fcx.com.au

Who is your ideal customer: A customer who is looking to simplify the management of their cap table and displays any, or all of the following attributes - a start or scale up company that is looking for assistance with complex registry needs, taps the market for primary and secondary capital raisings and is interested in periodic liquidity events.

Why would someone work for your company: A dynamic work environment, trailblazers when it comes to the application of innovative technologies to traditional processes. A culture of pushing boundaries and trying new things which disrupt the conventions associated with the financial services industry.

Current Investors: Magellan (ASX:MFG), King River Capital, Ariadne (ASX:ARA) & HNWs

Recent Milestone: The release of our eagerly awaited ESOP module that allows clients to customise vesting cliffs and automate schedules. FCX market continues to track to a 2024 launch.

Why the name: An ode to our parent company and public marketplaces, FinClear Exchange

Why did the business start: Since its inception, FinClear has raised multiple rounds of external capital and found the back-end process of settling these transactions unsophisticated - taking weeks, prone to errors and involving too many people. After looking around the market for solutions and not finding too much, we decided to do something about it and set about building a digital registry business on a private ledger. This private ledger not only allows companies to manage their register but also oversee primary and secondary capital raises on platform and facilitates atomic settlement for companies interested in periodic liquidity events undertaken in a regulated environment.