Kinatico Sees Strong SaaS Growth with Launch of ComplianceX Platform

April 11, 2025 12:32 PM AEST | By Team Kalkine Media

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Kinatico Sees Strong SaaS Growth with Launch of ComplianceX Platform — Image source: shutterstock

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Highlights

SaaS revenue jumps 60% YoY in March quarter.

ComplianceX platform launched to streamline workforce compliance.

Total Q3 revenue reaches $8.1 million.

Kinatico (ASX:KYP), a provider of workforce compliance and verification technology, has posted strong growth in its software-as-a-service (SaaS) segment, driven by both existing solutions and the launch of its next-generation ComplianceX platform.

For the quarter ending March 2025, Kinatico recorded SaaS revenue of $4 million—a 60% increase compared to the same period last year. This segment alone made up nearly half of the company’s total revenue of $8.1 million for the quarter. The momentum follows Kinatico’s performance in the first half of the financial year, where it reported $15.6 million in consolidated revenue, including $6.5 million from SaaS operations.

The recent launch of the ComplianceX platform marks a significant step forward for the company’s product evolution. Described as a transformational upgrade to workflow management, ComplianceX brings together compliance, screening, and validation functions into a unified, real-time system. The goal is to offer a seamless experience for organisations that need to manage complex workforce requirements across various roles, locations, and regulatory frameworks.

The platform integrates data from diverse sources—both internal and external—into a secure and easy-to-use interface. Employers can monitor and maintain workforce compliance with greater efficiency, reducing friction and improving data security. Kinatico compares the potential impact of ComplianceX on workflow management to the disruptive innovations brought by Uber in rideshare and Canva in design.

Kinatico’s technology stack includes CVCheck, a platform specialising in pre-employment screening and verification. This solution has matured into a widely recognised tool in the employment verification space, praised for its user experience and reliability. Combined with ComplianceX, it creates a robust ecosystem for organisations seeking real-time compliance and employee validation tools.

The company’s leadership sees the recent progress as a positive sign of future potential. The sustained revenue growth and product innovation underscore Kinatico’s focus on delivering scalable, tech-driven compliance solutions in a rapidly changing regulatory landscape.

As the compliance technology sector continues to expand, companies like Kinatico (KYP) are positioning themselves to lead in providing flexible, cloud-based tools that adapt to evolving business needs and legal standards.

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