QuickFee Limited has successfully completed an oversubscribed Share Purchase Plan, raising a total of A$1.532 million alongside a recent placement, positioning the fintech for accelerated loan book expansion in the US and Australia.
- Oversubscribed Share Purchase Plan raised A$282,000 at 5 cents per share
- Combined capital raise totals A$1.532 million before costs
- Funds aimed at loan book growth and balance sheet strengthening
- H1 FY25 revenue up 26%, underlying EBTDA on track between A$1.5M and A$2.5M
- Focus on expanding high-margin Finance and Connect products in US and Australia
Capital Raise Completion and Market Response
QuickFee Limited (ASX – QFE), a growing player in the financial technology sector, has announced the successful completion of its Share Purchase Plan (SPP), which was oversubscribed and expanded to raise A$282,000. This follows a well-supported placement earlier in June 2025 that raised A$1.25 million, bringing the total capital raised to A$1.532 million before transaction costs.
The SPP was initially targeted to raise A$250,000 but attracted more interest than anticipated, prompting QuickFee to accommodate all eligible shareholders who applied. The new shares, priced at 5 cents each, are expected to be allotted on 27 June 2025 and commence trading on the ASX by 30 June 2025.
Strategic Use of Funds and Growth Outlook
The capital injection is earmarked to support QuickFee’s strategic focus on expanding its loan book, particularly in the United States and Australia, where it offers high-margin Finance and Connect products. These products are central to QuickFee’s mission of accelerating accounts receivables for professional service firms, enabling clients to pay over time while firms receive upfront payments.
QuickFee’s first half of fiscal 2025 results showed promising momentum, with group revenue increasing 26% year-on-year and an underlying EBITDA (EBTDA) improvement of A$3 million to a positive A$0.3 million. The company remains on track to achieve an underlying EBTDA between A$1.5 million and A$2.5 million for the full fiscal year, excluding a one-off A$3.3 million credit loss provision.
Leadership Commentary and Market Confidence
Non-executive Chair Dale Smorgon expressed satisfaction with the strong shareholder support, describing the capital raise as a robust endorsement of QuickFee’s growth potential. He emphasized confidence in the company’s ability to continue profitable loan book growth in both the US and Australian markets.
QuickFee’s CFO, Simon Yeandle, and investor relations lead, Katie Mackenzie, remain accessible for further inquiries, underscoring the company’s commitment to transparency and engagement with its investor base.
Positioning in the Fintech Landscape
Operating primarily in the US and Australia, QuickFee targets professional service firms such as accounting and legal practices, offering flexible payment solutions that accelerate cash flow. The company’s platform integrates with practice management systems and supports multiple payment methods, positioning it well in a competitive fintech payments environment.
With the fresh capital, QuickFee is poised to capitalize on its growth trajectory, leveraging its technology and market presence to deepen penetration in key sectors and geographies.
Bottom Line?
QuickFee’s successful capital raise sets the stage for accelerated growth, but investors will watch closely how loan book expansion and credit risks unfold.
Questions in the middle?
- How will QuickFee manage the impact of the A$3.3 million credit loss provision on future profitability?
- What specific loan book growth targets and timelines does QuickFee have for the US and Australian markets?
- How will QuickFee differentiate its Finance and Connect products amid increasing fintech competition?