The $36 Billion Market That Could Make Early Investors Rich. And One Australian Company Is Cornering It

A massive technology market is quietly exploding.

By 2035, the global KYC and identity-verification market is projected to reach approximately $36.8 BILLION.

Banks need it.

Fintechs need it.

Crypto platforms need it.

And regulation is making the problem bigger, not smaller.

Right in the middle of this boom sits an Australian technology company most public-market investors have probably never heard of:

FrankieOne.

It has already raised approximately A$45 million.

Its investors include AirTree, Greycroft, Westpac-backed Reinventure, Binance Labs and Kraken Ventures.

Its technology connects financial institutions to more than 350 identity, fraud and compliance data sources through a single API.

And one ASX-listed company already owns a stake.

Scalare Partners Holdings Limited (ASX: SCP).

That could make SCP one of the most interesting indirect ways for public investors to gain exposure to FrankieOne before its story becomes much bigger.

1. This Isn't Optional Spending

Most technology companies have to convince customers they need their product.

FrankieOne operates in a very different market.

Financial institutions are required to know who their customers are, detect suspicious activity, prevent fraud and comply with anti-money-laundering regulations.

They can't simply decide to stop doing KYC.

They can't ignore sanctions screening.

They can't stop monitoring fraud.

And as regulation becomes more complicated, companies need better technology to handle it.

That's exactly what FrankieOne is building.

Instead of a bank integrating dozens of different providers individually, FrankieOne allows institutions to connect once and access 350+ identity, fraud and compliance services through one platform.

The bigger and more complicated compliance becomes, the more valuable that kind of infrastructure could become.

2. A Similar US Company Was Valued at $1.35 BILLION

Here is where things get interesting.

US-based identity platform Alloy raised capital in 2021 at a valuation of approximately US$1.35 billion.

Its business?

Helping financial institutions automate identity and compliance decisions.

Sound familiar?

FrankieOne is attacking the same enormous problem while building a global network of more than 350 data sources.

And it is already signing serious customers.

In December 2025, FrankieOne announced a partnership with Gemini, the global cryptocurrency exchange, to support identity verification and transaction monitoring.

This isn't a concept sitting in a pitch deck.

The technology is being used.

The customers are arriving.

And some of the world's most sophisticated technology investors have already put money behind it.

3. Look at Who Got There Before the Crowd

AirTree.

Greycroft.

Reinventure.

Binance Labs.

Kraken Ventures.

These aren't random investors throwing money at an idea.

They are professional technology investors backing a company operating in a market projected to grow into the tens of billions of dollars.

FrankieOne has now raised approximately A$45 million.

That doesn't guarantee success.

But it does tell you something important:

Serious capital has already noticed this company.

The public market largely hasn't.

And That Is Where SCP Gets Interesting

FrankieOne itself isn't listed on the ASX.

You can't simply open your brokerage account and buy FrankieOne shares.

But Scalare Partners (ASX: SCP) already holds equity in the company as part of its portfolio of early-stage technology investments.

That means investors aren't just looking at SCP.

They're looking through SCP.

At the private technology companies sitting underneath it.

And FrankieOne may be one of the most interesting.

Consider the setup:

A market projected to reach $36.8 billion.

350+ data integrations.

Approximately A$45 million raised.

Major institutional investors.

Global financial-services customers.

A comparable US company previously valued at $1.35 billion.

And an ASX-listed company already offering investors exposure to the story while FrankieOne remains private.

If FrankieOne continues to scale, the question isn't simply how big it could become.

The bigger question is whether Scalare Partners (ASX: SCP), trading around A$3 today, could be the last few ways to get positioned before FrankieOne's $3.6B+ upside story gets much bigger.

How to Invest in FrankieOne

FrankieOne is not publicly listed.

There is one way in.

Scalare Partners Holdings Limited

ASX: SCP

Current Indicative Price: approximately A$6.60 per share

Purchase through any ASX-registered stockbroker or online trading platform.

The ASX operates Monday to Friday, 10:00 AM – 4:00 PM AEST. Search ticker SCP on platforms including CommSec, Nabtrade, SelfWealth, Interactive Brokers, and Stake.

SCP holds equity in FrankieOne as part of a diversified portfolio of 23+ early-stage technology companies.

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