Stake logo

A man on a laptop using technology
Share

How to buy shares in Bridge SaaS

Using SaaS technology to access the $60b aged care sector.

Name

Ticker

Listing

Issue Price

Capital Raised

Bridge SaaS

$BGE

06 October 2022

$0.20

$4.5m

Bridge SaaS has launched on the ASX today following a $4.5m capital raise as it looks to further expand into the NDIS and aged care sector. 

The company provides its Software-as-a-Service (SaaS) based Customer Relationship Management (CRM) and workflow solutions to employment, care and support industries. It’s built a single platform that simplifies the data, compliance and evidence requirements of government funded projects in these sectors. 

Primarily, Bridge SaaS is focusing on the growing NDIS and aged care sector, with forecasts estimating government funding in these sectors to reach $32b by 2024. Demographic trends also support this growth, with estimates projecting one third of the Australian population will be aged above 75 by 2066. 

This works in Bridge SaaS’ favour as it makes its money from invoicing its provider clients based on how many participants are supported. More people in the system equals bigger invoices. 

Its software has even been assessed by an Australian Department of Defence IRAP assessor and accredited to manage sensitive personal government data. Something that is front of mind for many Australians at this point. 

Following the IPO, the company wants to build an easier onboarding system to make the process simpler for smaller providers. 

Bridge SaaS is available to trade on Stake under the ticker $BGE.


Related


Want more?

You know what to do

Insights, trends and company deep dives delivered straight to your inbox.


Stake logo
Over 7,000 5-star reviews
App Store logoGoogle Play logo

Subscribe to our free newsletters

By subscribing, you agree to our Privacy Policy.

Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) ('Airwallex'). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. This specifically applies to any financial products which are established if you instruct Stake Super to set up a self managed super fund (‘SMSF’). When you sign up to Stake Super, you are contracting with Stake SMSF Pty Ltd who will assist in the establishment of a SMSF under a ‘no advice model’. You will also be referred to Stakeshop Pty Ltd to enable your trading account and bank account to be set up in order to use the Stake Website and/or App. Stakeshop Pty Ltd will also run marketing and promotions to you under. For more information about SMSFs, see our SMSF Risks page.The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake and Stake Super, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice given by Stake is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to invest on or use Stake or Stake Super. By using our website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake and Stake Super are registered trademarks in Australia.

Copyright © 2024 Stake. All rights reserved.