Mark Casey-backed Remitter plots path to the Nasdaq

Remitter is forecast to deliver $US11.8 million revenue this year. Casey told Street Talk that a key aim of the US move is to extend the company’s credibility in the US, submitting to listing rules and consistent reporting.

Funding until now has been aided via a series of capital raises, picking up $5 million to get things moving in 2020 and $10 million in pre-IPO funding via Canaccord Genuity in 2021 to acquire 30-year-old debt collections company Mercantile Adjustment Bureau. Casey has also put in a truckload of his own funds over the years. Other backers include pre-IPO investor Alium Capital, Lance Rosenberg’s Gleneagle Securities, OneMain US-based chief executive Jay Levine and a handful of wealthy Melbourne families.

Casey has been leading the US listing charge, meeting with advisers and potential IPO backers in New York earlier this year.