QuickFee Ipo by bells.

anyone take a look. Closes on thursday on bells.

Basically another Fintech Pay later- this time in the Accounting and Legal firm areas(to their SME clients)

afr article:

Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statementMarkets DataSubscribeHomeNewsBusinessMarketsStreet TalkReal EstateOpinionTechnologyPersonal FinanceLeadershipLifestyleAllBusinessBanking And FinanceStreet TalkStreet TalkAccounting, legal fee financier QuickFee fronts funds for IPOSarah Thompson and Anthony MacdonaldMay 20, 2019 — 9.31pmA payments system and financier backed by the Smorgon family and investment firm Wingate is readying a run at the ASX-boards.Street Talk understands QuickFee will meet fund managers in Sydney and Melbourne in the coming fortnight, to drum up interest in a mooted sharemarket listing.Melbourne-based QuickFee has an online payments portal that is used by accountants and law firms to bill their clients.Bells is preparing to front fundies with a new IPO candidate. Peter BraigThe clients can pay when and how they want - with firms able to offer flexible payments and finance via the QuickFee system.QuickFee reckons it helps its accountant and lawyer clients win more work and grow revenue, and helps keep their underlying clients happy. And it has already financed more than $170 million worth of fees for accounting and law firms and their clients.It is understood stockbroker Bell Potter Securities is on board to help QuickFee with its proposed initial public offering and ASX-listing.The company is expected to seek to raise about $10 million at its IPO for a $25 million market capitalisation.The business already has some heavyweight backers. It is owned by QuickFee founder Bruce Coombes, in conjunction with the Smorgon family and Melbourne-based investment firm Wingate.The company has started getting its paperwork ready for a run at the ASX-boards, and the campaign gets underway later this week when it is booked to meet fund managers in a series of non-deal roadshow meetings.Fundies are likely to be told QuickFee has about 50 per cent market share in Australia and has recently made a push into the United States.Funds raised at the IPO are expected to be pegged for the slated US expansion.Get a first look at tomorrow's headlinesSign up to the Street Talk First Look newsletterSign Up NowLicense articleTopicsStreet TalkSharesIPOSarah Thompson co-edits the Street Talk column, specialising in private equity, investment banking, mergers & acquisitions and equity capital markets. Email Sarah at sarah.thompson@copyright link Anthony Macdonald co-edits the Street Talk column, specialising in capital markets and mergers and acquisitions. Connect with Anthony on Twitter. Email Anthony at a.macdonald@copyright link.auL