OneVue chief executive Connie McKeage said the capital raised from the program will be used to fund business expansion following the acquisition of Computershare Fund Services and to create a stronger balance sheet.
“The capital raising allows us to focus on further expansion and innovation, and even greater outcomes for existing and prospective clients and partners,” said Ms McKeage.
She said the main investors in the $6.75 million placement were Perpetual Limited and Thorney Investments.
The remaining $1.25 million will be allocated to existing shareholders and OneVue staff, including those employees who joined the business as part of the Computershare Fund Services transaction in September.
“The high calibre of new investors such as Perpetual Limited and Thorney Investments highlights that our belief in OneVue being a market transformational business is increasingly gaining momentum across the financial services industry,” said Ms McKeage.
She also said that OneVue was an SMSF sector participant.
“We access the SMSF market via the key distribution avenues being intermediaries such as planners and accountants, and third party brands that market direct to consumer,” she said.
According to Ms McKeage, the soon to be launched ASX Managed Funds Service, also known as AQUA II, will provide a third channel.
