• MCO generated around USD 50m in revenue last year
• US-based PEs and strategics expected to look

New York-based fintech MyComplianceOffice (MCO) is exploring a potential sale alongside financial advisor Raymond James, according to three sources familiar with the situation.

The privately-owned regulatory and compliance technology specialist is expected to launch the sale process next month, which could involve a minority stake in the business, one of the sources said.

MCO is focusing mainly on US-based private equity firms but strategic investors could also participate in the process, the same source added.

The fintech generated more than USD 50m in annual recurring revenue (ARR) last year, the three sources said, with one of them noting it is roughly at break-even.

MCO was developed by TerraNua, a division of Fidelity Investments, in 1998 and was bought out 10 years later by Ireland-born CEO Brian Fahey, according to the company website.

The company has completed several acquisitions recently. In 2022, it acquired Chicago-based peer Schwab Compliance Technologies. The acquisition was backed by Accel-KKR Credit Fund, which had initially provided debt financing to MCO the previous year.

Then in 2023, MCO bought Colorado-based communications protection software Fairwords, followed by Swiss compliance software developer Pythagoras in 2024.

MCO’s software platform helps financial firms tackle compliance by unifying data to track risks and spot conflicts across systems and departments, its website says.

The company works with 1,500 companies across more than 128 countries, the website continues. It has 400 employees with global hubs in New York, Dublin and Singapore.

Raymond James and MyComplianceOffice did not respond to requests for comment.