QuickFee Raises A$1.5M to Accelerate US and AU Loan Growth Amid Record Revenue
QuickFee Limited has launched a A$1.5 million capital raising to fund expansion of its loan books in the US and Australia, following a quarter of record revenue and positive earnings before tax. The fintech also completed a major refinancing and revised its earnings guidance due to a credit impairment provision.
- A$1.5 million capital raising via two-tranche placement and share purchase plan
- Record quarterly revenue of A$6.3 million in Q3 FY25, up 29% year-on-year
- Positive EBTDA in recent periods despite a one-off A$3.3 million credit impairment provision
- Refinancing of A$118 million asset-backed debt facility completed in June 2025
- Focus on expanding QuickFee Connect platform and unlocking US market growth
Capital Raising to Fuel Growth
QuickFee Limited (ASX – QFE), a fintech specialising in payment and financing solutions for professional services firms, has announced a capital raising of A$1.5 million. The raise comprises a two-tranche institutional placement and a share purchase plan (SPP) aimed at existing shareholders. The funds will primarily support growth in QuickFee’s loan books across its Australian and US markets.
The placement includes 25 million new shares issued at A$0.05 each, representing a slight discount to recent trading prices. Directors have indicated their intention to participate, subject to shareholder approval. The SPP targets an additional A$250,000 from eligible shareholders, with provisions in place to cover any shortfall.
Strong Financial Performance and Refinancing
QuickFee reported record quarterly revenue of A$6.3 million in Q3 FY25, marking a 29% increase compared to the prior corresponding period. This growth was driven by successful execution of its finance product strategies and increased transaction volumes through its QuickFee Connect platform, which automates billing and payment workflows.
Underlying earnings before tax, depreciation, and amortisation (EBTDA) have turned positive in recent quarters, reflecting improved profitability. However, the company has taken a one-off provision of A$3.3 million related to a credit impairment from a US firm default, which has revised its statutory EBTDA guidance to a loss range of A$0.8 million to A$1.8 million for FY25.
In June 2025, QuickFee completed a significant refinancing of its debt facilities, securing a three-year A$118 million senior secured revolving credit facility with Viola Credit. This replaces previous facilities and provides additional liquidity to support loan book growth. The company also secured a A$5 million term loan facility with Fancourt Capital Group, further strengthening its funding position.
Strategic Focus on US Expansion and Technology
QuickFee is prioritising transformational growth in the US market, leveraging scalable technology development and strategic partnerships. The QuickFee Connect platform, which integrates with leading practice management software, is central to this strategy, driving increased transaction volumes and recurring subscription revenue.
The company’s finance products, particularly QuickFee Finance, offer significantly higher revenue yields compared to traditional payment methods, underscoring the importance of expanding this segment. QuickFee aims to continue organic growth in Australia while unlocking new opportunities in the US through automation and enhanced product offerings.
Risks and Outlook
While QuickFee’s underlying business performance remains strong, the credit impairment provision highlights ongoing risks related to client defaults, particularly in the US. The company is actively pursuing recovery through litigation and insurance claims, but the outcome remains uncertain.
Regulatory developments, especially in Australia’s buy now pay later (BNPL) sector, also pose potential challenges. QuickFee has applied for the necessary Australian credit licence to continue offering BNPL products, but final approval is pending.
Overall, QuickFee’s capital raising and refinancing position it well to sustain profitable growth, though investors should monitor execution risks and regulatory developments closely.
Bottom Line?
QuickFee’s capital raise and refinancing provide a solid runway for growth, but credit risks and regulatory hurdles warrant close attention.
Questions in the middle?
- How will QuickFee’s recovery efforts on the US credit impairment impact future earnings?
- What is the timeline and likelihood of ASIC granting the Australian credit licence for BNPL operations?
- Can QuickFee accelerate adoption of its Connect platform to sustain revenue momentum in the US?
