DomaCom Ltd

 

DomaCom (ASX:DCL) is a listed “FinTech” company that completed an IPO which raised $7.33 Million which will result in a listed market capitalisation of approximately $80 million.

Axstra Capital was the lead manager to DomaComs pre-IPO funding rounds, successfully raising $12m from sophisticated investors.

DomaCom’s core business is an online platform that breaks down high value, illiquid assets into smaller “fractions” available for retail investment. This enables Australian retail superannuation funds and other retail investors to access asset classes that are otherwise beyond their financial means. DomaCom is one of very few companies with formal “Make a Market” permission from its regulatory authority, ASIC, allowing for the provision of a secondary trading facility, akin to a liquid stock market, where investors can trade their fractional interests.

DomaCom is currently “fractionalising” Australian Property and is targeting the Self-Managed Super Fund (SMSF) market in particular. SMSF is Australia’s personal pension product similar to the UK’s SIPP, and represents almost $600 billion in assets. The platform will additionally appeal to first-time home buyers looking to get onto the “property ladder”, as well as retail and wholesale investors seeking increased exposure to Residential, Commercial and Industrial Property. DomaCom enjoys a first mover advantage, having already secured a place on the approved product list of 40 Australian financial planning dealer groups. The platform could potentially enjoy a similar advantage in as many Australian markets as there are assets to fractionalise.

The company has acquired 24 properties for investors and has another 59 bookbuilds totalling approximately $58 million in property in progress.

To learn more about DomaCom please visit http://www.domacom.com.au.

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