Fresho

Year Invested - 2016

Fresho was born in 2016 out of the idea that fresh food wastage could be eliminated through the application of state of the art software.  The Fresho founders know the industry first-hand and are familiar with the time pressures and the 24/7 nature of the fres food sector.

Fresho has created a technology that eases these pressures for food businesses and customers alike, whilst reducing food wastage.  The core purpose of their software platform is to provide simple and automated ordering software to make food businesses run more efficiently. 

FinCap investors participated in several seed funding rounds to support the growth of the business and its expansion throughout Australia as well as other international markets such as the UK, US and New Zealand.  Fresho’s technology is being used by thousands of buyers worldwide and has seeded a deep relationship amongst its core food service business. Renowned restaurant groups such as Rockpool, as well as large scale fresh food suppliers such as Clamms Seafood use Fresho’s technology as the key ordering system for their business.  FinCap is actively engaged with Fresho’s management and has provided both capital and strategic support to help grow the business.

www.fresho.com

KidsCo

Year Invested - 2020

KidsCo is an innovative provider of flexible early childhood education and care that cater to the needs of parents, schools and corporate partners. Its school holiday programs run onsite at the workplace of corporate partners to allow parents to continue their professional commitments, whilst ensuring their children interact and engage in fun activities.  KidsCo also partners with primary schools to deliver Outside School Hours Care “OSHC” programs which are focused on communities and the development of skills to enable children to embark on a journey of fun, connection and exploration.  From its beginnings in Australia, KidsCo is now operating across seven countries.

Amongst the several awards, KidsCo was named as one of the AFR Boss magazine’s most innovative companies in the “Government, Education and Not Profit” category two years running and was recently ranked third on AFR Boss Best Places to Work list.

FinCap is on the KidsCo Board, providing growth capital for the business and guidance on strategic growth opportunities (including potential bolt-on acquisitions) for the company.

www.kidsco.net.au

8 Star Energy

Year Invested - 2020

FinCap is pleased to be partnering with 8 Star Energy in providing an ecosystem of portable and renewable energy products to households across the globe. Founded in 2018, 8 Star Energy has secured sole global rights to market solar and energy products under the highly recognisable Energizer and Eveready brands. Products within the 8 Star Energy portfolio include ESS home batteries, solar panels, inverters, portable power stations and electronic vehicle charging stations.

Since FinCap’s initial investment in 2021, 8 Star Energy has expanded its exclusive rights to the Energizer and Eveready brands for solar and energy products beyond Australia and New Zealand, and now includes countries across Europe and North America. FinCap has subsequently supported 8 Star Energy in multiple capital raises since.

www.8starenergy.com

Digilearning Group

Year Invested - 2021

SpotEd sources industry-accredited online short courses for students and jobseekers, which are delivered online. It went into voluntary administration in late 2021; shortly thereafter, FinCap acquired the business and commenced a restructure. In the process, FinCap set up Digilearning Group, recognising the significant opportunities within the large and highly fragmented education sector.  In the intervening time, Digilearning Group has turned around to great effect, with a focus on revolutionising online education.

Under the Digilearning Group banner, Health & Harmony Colleges was acquired by FinCap in August 2022. It is now Australia’s premier provider of educational courses in natural therapies, counselling, nutritional sciences, and beyond, spearheading a digital transformation that redefines online education.

www.healthandharmony.com.au

Payright

Year Invested - 2022

Payright (ASX:PYR) is a Melbourne-based consumer finance provider that has developed a digital payment plan product for merchants. The product is intended for bigger ticket items that are more considered purchases rather than smaller impulse-driven buys, making them more affordable to consumers by spreading the cost of those purchases over time.

Payright practices responsible lending and performs extensive identification and credit checks to ensure a customer’s repayment capability. Merchants are paid upfront and in full on the same day and include a diverse mix of broad-reaching products and services such as direct sales businesses, home improvement, education, photography, dental, and health and beauty.

FinCap participated in Payright’s capital raise in 2022 and with a revised company strategy to profitability, will employ a growth-oriented private equity approach to this ASX-listed microcap.

www.payright.com

Caravan & Camping Aus

Year Invested - 2022

Established in 2013 as Iluma Solutions before a re-brand in 2022, Caravan & Camping Aus offers an extensive, high-quality product range in targeted areas to the domestic RV market. As an already profitable and scalable business with an experienced management team and attractive fundamentals, the business is uniquely positioned to take advantage of the favourable tailwinds across the domestic caravan and RV markets.

FinCap is pleased to be partnering with the founder and management of Caravan & Camping Aus to support the company’s vision, growth and direction.

www.caravanandcampingaus.com.au

The Great Aussie Bush Camp

Year Invested - 2023

GABC provides camps and outdoor education for NSW state and private schools. It is the largest privately owned school camp business in Australia and operates three sites across the NSW Central Coast in Tea Gardens, Kincumber and Lake Macquarie.

FinCap purchased GABC in 2022 with cornerstone partner MA Financial, whilst retaining the existing loyal and experienced management team who are dedicated to ensuring all students and teachers enjoy their experience at each camp.

Our GABC investment philosophy prioritises social impact via outdoor education, and we will focus on expansion of existing sites alongside an East Coast rollout of the same successful model, with the target to build a significant national camps platform that offers universal access to school camps whilst aligning with curriculum goals and outcomes.

www.bushcamp.com.au

NQR

NQR (previously know as “Not Quite Right”) was founded in 1987.  After changing hands several times, it fell into administration at the start of 2018, losing several million dollars annually from its operation of 20 retail stores. 

In May 2018, a team of seasoned deep discount retail specialists and strategic investors from FinCap transformed NQR by rationalising the number of stores, reducing operating costs and resetting the business for a much brighter future based on growth. 

With a strategic focus on improved efficiencies and providing customers with a compelling value proposition, the business dramatically improved in-store profitability in a short space of time. From its first week of operation under new management to 2022, NQR’s gross revenue grew 5-fold, developing a network of 24 stores across Melbourne and Adelaide and a highly successful online business.

Having achieved both its strategic and financial objectives, FinCap exited its investment in NQR in 2022, realising a 47% equity IRR (pre tax, net of fees) for investors.

www.nqr.com.au