Complii FinTech Solutions targets 2017 IPO

Complii FinTech Solutions, a supplier of compliance and corporate system for stockbrokers, is seeking to join the local bourse in the latter months of 2017.

Street Talk understands the company wants to list on the ASX in the third or fourth quarter.

Complii is said to have already received inbound inquiries from broking houses and a float manager will be appointed in the next three-to-six weeks.

The company which can be classified as fintech or regtech was founded by Tony Cunningham, managing director of broking firm CPS Capital and co-founder of stock forum HotCopper.

The Complii website says the software is customisable and automates, records and reports on a licensee’s compliance obligations.

Complii was until recently chaired by former insurance analyst and Hollard Insurance board member Andrew Kearnan, who vacated the post last month due to “competing personal priorities.”

Former Pershing Australia and APP Securities boss Craig Mason has stepped in as executive chairman.

Interestingly, reg tech types will congregate on Thursday at the launch of an industry association hosted by lawfirm Allens.

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Source: Complii FinTech Solutions targets 2017 IPO | afr.com