QuickFee sells US Pay Now business & FY26 guidance withdrawn
Released
Released
Announcement PDF
ASX Release | 8 September 2025
QuickFee sells US Pay Now business,
retains US Finance business and loan book;
FY26 earnings guidance withdrawn
KEY HIGHLIGHTS
Sale of US Pay Now (ACH, Card and Connect) business for US$26.35 million (A$40 million)
• Acquired by Aiwyn, Inc., a KKR and Bessemer Ventures backed US technology company
delivering payments, practice management and tax solutions to accounting firms (“Aiwyn”)
• Acquisition multiple of 5x revenue, based on FY25 revenue of US$5.3 million
• Effective immediately with the large majority of QuickFee US staff transitioning to Aiwyn
QuickFee retains the US Finance business and loan book of US$7.5 million
• QuickFee retains its US loan book and Finance product
• QuickFee benefits from a newly established reseller agreement with Aiwyn for the US Finance
product, as QuickFee’s Finance product will be integrated within Aiwyn’s payments options
Positive FY26 outlook
• Continued strong and uninterrupted performance of the Australian lending business
• Significant growth potential of US loan book, given new partnership with Aiwyn
• Core lending activities for the group for FY26 expected to exceed FY25
• FY26 earnings outlook continues to be positive; specific FY26 earnings guidance withdrawn,
pending finalisation of tax impact, transaction costs and subsequent liquidity position
QuickFee Limited (ASX: QFE) (“QuickFee”, “Company”) today announces the sale of its US Pay Now (ACH,
Card and Connect) business for US$26.35 million (A$40 million). This represents an acquisition multiple
of 5x revenue, based on the FY25 Pay Now revenue of US$5.3 million. QuickFee will continue to retain
and operate its US Finance loan book and US Finance product.
QuickFee's US Pay Now business was acquired by Aiwyn, Inc., a US technology company backed by KKR
and Bessemer Ventures. Aiwyn delivers payments, practice management and tax solutions to
accounting firms. The large majority of QuickFee US staff are transitioning to Aiwyn.
This acquisition strengthens Aiwyn’s positioning as a leading payments and collection platform for
technology-driven accounting firms. QuickFee customers will continue to leverage their existing
payment solutions, while gaining access to Aiwyn’s integrated platform, including practice management,
client experience and agentic AI tax solutions.
QuickFee will continue to operate its financing business independently, and importantly QuickFee has
established a reseller agreement with Aiwyn, whereby QuickFee’s US Finance offering will be embedded
into Aiwyn’s products. QuickFee will retain a team in the US to continue to operate and grow the US
Finance business, the loan book of which was US$7.5 million as at 30 June 2025.
The sale signed and completed simultaneously. Proceeds of sale are due to be received by QuickFee less
an escrow amount of US$1.32 million (to be held by an escrow agent for a period of 12 months to support
QuickFee's sale agreement obligations), by 10 September 2025. The sale agreement contains customary
provisions for a transaction of this nature, including working capital true-up adjustments. QuickFee was
advised on the transaction by Baker McKenzie and Navon Advisory.
QuickFee Limited (ACN: 624 448 693)
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The Board will consider several options for the use of proceeds from the sale, including a capital return,
dividends, debt paydown and working capital. The Company anticipates communicating its capital
management decisions to shareholders before the AGM in November 2025.
Dale Smorgon, Chair of QuickFee said, “We are delighted to deliver a great outcome for QuickFee
shareholders and staff through the sale of our payments business to Aiwyn – a well backed, highly
reputable industry leader. The acquisition validates our strategy and investment in developing QuickFee’s
A/R Automation tools and innovative payment platform for CPA’s and professional firms.
Both parties are committed to an ongoing meaningful, strategic partnership and QuickFee will benefit from a
significant new growth channel for our US Finance product. We remain optimistic that our US loan book will
continue to grow as it becomes embedded into Aiwyn’s payments options for their expanding customer base.
I am confident our customers are in excellent hands with Aiwyn. Our customers and team are becoming
part of an organisation that values their relationships and experience, and I am confident they will continue
to thrive as an important part of Aiwyn’s future.
Our operating outlook remains positive, we have a strengthened balance sheet and we are confident in the
growth potential of our core Finance operations in Australia and the US over the year ahead.”
FY26 Earnings guidance withdrawn
The operating outlook for QuickFee remains positive. While US Finance transaction volumes for Q1 FY26
are expected to be lower than the prior corresponding period, liquidity benefits from the sale, minimal
ongoing product development spending and a sole focus on core lending activities mean that FY26
results for the group are expected to substantially exceed FY25. Specific FY26 EBTDA guidance has
been withdrawn until final tax payable on the sale, transaction costs and subsequent liquidity position
have been finalised.
This announcement has been authorised for release by the directors.
— END —
For further information please contact:
Corporate:
Simon Yeandle, CFO
p : +61 2 8090 7700
e : simon.yeandle@quickfee.com
Investors:
Katie Mackenzie
p : +61 455 502 197
e : kmackenzie@belleviewir.com.au
ABOUT AIWYN
Aiwyn, Inc. is the first complete platform for modern accounting firms across payments, practice management,
client experience and tax. Aiwyn delivers modern accounting solutions that transform how firms operate, connect
with clients and grow their business. Headquartered in Charlotte, NC, Aiwyn is backed by leading investors
including KKR and Bessemer Venture Partners.
ABOUT QUICKFEE
QuickFee (ASX: QFE) is a fast-growing financial technology company. Our mission is to help professional service
firms accelerate their accounts receivables and get paid faster. With multiple online payment options and powerful
e-invoicing integrations for practice management systems, the QuickFee platform speeds up the bill-to-cash cycle
for firms.
Through the QuickFee portal, clients can pay their professional service provider with a credit or debit card, EFT or
ACH transfer, or a payment plan over 3-12 months. It allows the client to set their own pace for payments while the
firm gets paid upfront and in full.
QuickFee operates in the United States and Australia and focuses on serving the accounting and legal professions.
For more information and to stay up to date with the latest news and announcements, access investor-related
resources and to post questions and feedback, please visit quickfee.com or sign up to the QuickFee investor hub at
investorhub.quickfee.com.
QuickFee Limited (ACN: 624 448 693)
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