Credit Clear (CCR) - Fintech IPO Listing Tuesday

Fintech IPO – Credit Clear (CCR) listing Tuesday 27thof October at 11 AM

To me the most Interesting Fintech to list this year.

The company specialises in debt collection using AI technology. Company has tailored a white label payments platform which allows for the creation of a payment plan which gets settled directly to the client.

Chairman is Gerd Schenkel (Founder of UBANK and CEO of Tyro Payments) and Marcus Price is a Director (Former CEO of PEXA).

Company is backed by Alex Waislitz (Thorney Investments) Regal Funds management along with Paul Little (Toll Holdings).

Company is almost cash flow positive, funds will be used to further develop platform. Has a small market cap of circa 60 Mill so potential to grow share price rapidly and plans to expand internationally by piggy-backing existing clients.

Allocations from the IPO were tiny from Bell Potter, people only getting 7.5K shares @ $0.35

I can't really think of a company to benefit better than what is coming in the next 12-18 months.

Bit of further reading as per below:

https://www.copyright link/policy/economy/why-investor-interest-in-debt-collection-companies-is-growing-20200930-p560pa

https://www.copyright link/markets/equity-markets/credit-clear-rides-covid-wave-to-asx-boards-20201004-p561vn

https://*********.com.au/credit-clear-ipo-asx-listing.../

www.creditclear.com.au

For those interested, can watch the virtual ringing of the bell below (Kicks off at 10:50 AM):

https://meet.google.com/jfq-bizw-kxs