Intiger Group to acquire fintech developer Complii, change name

Struggling financial software company Intiger Group (ASX:IAM) says it has agreed to acquire Sydney-based regtech Complii Fintech Solutions in an all-scrip deal.

Complii has a platform that removes the need for paper-based compliance functions for stockbrokers and financial planners, as well as an online mortgage brokeraging service called Shroogle.

Its executive chairman is Craig Mason, the former country head of BNY Mellon Australia and the founder of third-party trade execution provider Penson Financial Services Australia.

Intiger plans to change its name to Complii Fintech Solutions following the reverse takeover and will issue another 100 million to 140 million in shares to raise an additional $5m to $7m.

To read more, please click on the link below…

Source: Intiger Group to acquire fintech developer Complii, change name – Stockhead