Investor webinar presentation and registration details
| Stock | Quickfee Ltd (QFE.ASX) |
|---|---|
| Release Time | 29 Oct 2025, 4:14 p.m. |
| Price Sensitive | Yes |
QuickFee announces sale of US Pay Now business for US$26.35M
- Sold US Pay Now (ACH, Card & Connect) business to Aiwyn, Inc. for US$26.35M
- Retains US Finance business and US loan book
- New reseller agreement with Aiwyn creates opportunity to offer Finance product to CPA firms
QuickFee Limited (ASX: QFE), a leading payments and lending business that operates in the US and Australia, has announced the sale of its US Pay Now (ACH, Card & Connect) business to Aiwyn, Inc. for US$26.35 million (A$40 million). The sale was announced on 8 September 2025 and completed on 9 September 2025, with most US staff transitioning to Aiwyn. Aiwyn is a KKR and Bessemer Ventures backed US technology company focused on delivering payments, practice management and tax solutions to accounting firms. The acquisition multiple is 5x revenue, based on FY25 US Pay Now revenue of US$5.3 million. QuickFee retains the US Finance business and US loan book (US$6.8 million at 30 Sep 2025). QuickFee will also benefit from a new reseller agreement with Aiwyn for the US Finance product, creating an opportunity to offer its Finance product to approximately 300 CPA firms in the CPA 'Top 500'.
Expected FY26 EBTDA in the range of $3.75 million - $4.25 million
Singular management focus on growing Finance in both AU and US, leveraging experience and success in AU into US. Negligible product development and capex requirements moving forward.