QuickFee Ltd
QuickFee Sells US Pay Now Business to Aiwyn for A$40m, Withdraws FY26 Earnings Guidance
QuickFee (ASX: QFE) has completed the sale of its US Pay Now division for US$26.35 million (A$40m) to Aiwyn, a KKR and Bessemer Ventures-backed US technology company focused on accounting-related payments and practice management solutions. Priced at a multiple of 5 times FY25 revenue of US$5.3m, the divestment covers QuickFee’s US ACH, card and Connect […]
Should ASX investors succumb to the Buy Now, Pay Later FOMO?
As with the coronavirus, the buy now, pay later (BNPL) sector was expected to have fizzled out by now. Instead, it’s stepped up another level in terms of revenue usage trends and valuations. Among investors, fear of missing out (FOMO) is rife as the BNPL contagion continues to displace the role of credit cards in […]
QuickFee and Splitit join forces to court US professional services market
The professional services market in Australia is set to receive a greater range of funding options “in the coming weeks” courtesy of a new partnership between payment and lending company QuickFee (ASX: QFE) and payment solutions provider Splitit Payments (ASX: SPT). The deal means QuickFee will launch its new interest-free service in the US and […]
Buy Now Pay Later stocks rally to new highs
Buy Now Pay Later (BNPL) stocks were subject to an investment frenzy this week with major and mid-tier BNPL companies enjoying the upward ride. It was a wild ride for BNPL heavy-weight Afterpay (ASX: APT), which hit an all-time high of $53.81 on Thursday, closing at $50.61 per share on Friday, up 8.77% for the […]