6clicks raises A$5 million, sets sights on global expansion
Australian-based company 6clicks has received A$5 million in its capital raise as the company sets its sights on ‘rapid global expansion'.
The funds were raised from a consortium of Australian business leaders including Luke Sayers, founder and executive chairman at Sayers and the former CEO of PwC.
Sayers commented, “I am seeing strong macro thematics driving the need for better management of risk and compliance across every business and the public sector.
"I've been delighted to be involved with 6clicks as an investor - it's great to see this talented Australian team be positioned as a leader on the world stage.
This funding now brings the total investment in 6clicks to A$7.7 Million since launching mid-2019.
This new funding will be directed at global expansion, product development and customer success.
Steve Nola, the former CEO of billion-dollar IT services giant NTT Limited Australia has been appointed to the 6clicks board of directors.
6clicks chairman Ian Buddery says, "This has been a remarkable period of achievement for 6clicks, with not only rapid subscriber growth but also an oversubscribed investment round and the appointment of one of Australia's most experienced and highly regarded technology executives to our board."
New 6clicks non-executive director, Steve Nola, says, "I'm delighted to join the board of 6clicks and see 6clicks as a company that can redefine markets with a platform that delivers better risk and compliance outcomes for businesses and advisors."
Following recent expansions into the UK and the US, and with partnerships secured with leading advisory firms globally, 6clicks is used by a range of private, government, listed and global customers.
The Software-as-a-Service platform is designed to streamline risk and compliance for businesses of all sizes.
It includes the ‘full-stack' of governance, risk and compliance (GRC) functionality, baked-in regulations, control sets, risk libraries and assessment templates, a mobile app for team risk reviews, and 6clicks Pulse for risk-related news, events and employee sharing.
6clicks is also white-labelled by advisory firms to drive efficiency with their service delivery and provide innovation to delight their clients.
According to the company, what makes 6clicks unique is its integration of content, functionality and the artificial intelligence engine called Hailey, which follows PhD-led research over 18 months.
Right now, Hailey automates compliance mapping between regulations delivering gains of up to 14x in time-saving over manual alternatives, according to the company.
6clicks CEO Anthony Stevens says, "We are looking at a global market of over U$31 billion expected to reach U$88 billion by 2027.
"Some of the leading brands globally have trusted our software, and we are rapidly expanding.
"Our investment in artificial intelligence, new functionality and integrated content will continue throughout 2021 accelerating the value customers realise using 6clicks."