Remitter Usa, page-3

Today's AFR article includes...

Remitter is seeking to take on the United States debt market with a local listing. Street Talk can reveal the Mark Casey-backed debt recovery fintech has tapped Maxim Group to pave a path from Melbourne to the Nasdaq.

It aimed to modernise the debt collection process, using Credit Clear’s technology and artificial intelligence to optimise customer engagement and enhance the recovery of accounts receivables. The AI analyses behavioural heuristics to automate each customer’s experience with branded messaging and payment options, supposedly increasing customer recoveries by 280 per cent.Having launched in all 50 US states and in Canada, it’s signed on a range of enterprise clients including Bank of America, Citizens Bank and Hyundai.Maxim, a Manhattan investment bank, has been brought on to manage the listing process. Remitter aims to debut in September or October with an expected market capitalisation range between $US80 million ($122 million) and $US120 million. It will also do a private placement of $US10 million