QuickFee’s US Pay Now Sale Nets US$26.35M, Retains US$7.5M Loan Book
QuickFee Limited has divested its US Pay Now payments business for US$26.35 million while keeping its US Finance operations and loan book, withdrawing FY26 earnings guidance amid ongoing tax and transaction cost assessments.
- Sale of US Pay Now business to Aiwyn, Inc. for US$26.35 million
- Retention of US Finance business and US$7.5 million loan book
- New reseller agreement integrating QuickFee’s Finance product into Aiwyn’s platform
- FY26 earnings guidance withdrawn pending final tax and transaction cost outcomes
- Positive outlook on core lending growth in Australia and US
Strategic Divestment in US Payments
QuickFee Limited has announced the sale of its US Pay Now business, which includes ACH, Card, and Connect payment solutions, to Aiwyn, Inc. for US$26.35 million (approximately A$40 million). This transaction, completed immediately, values the business at five times its FY25 revenue of US$5.3 million. The sale marks a significant shift in QuickFee’s US operations, with the majority of its US staff transitioning to Aiwyn, a well-backed technology company supported by KKR and Bessemer Ventures.
Focus on Core Finance Business
Despite the divestment, QuickFee retains its US Finance business and a loan book valued at US$7.5 million as of June 30, 2025. The company has also secured a reseller agreement with Aiwyn, ensuring its Finance product will be integrated into Aiwyn’s broader payments platform. This partnership is expected to open new growth channels for QuickFee’s lending operations, leveraging Aiwyn’s extensive client base and technology ecosystem.
Financial Outlook and Capital Management
QuickFee has withdrawn its FY26 earnings guidance, citing the need to finalize tax implications, transaction costs, and liquidity position following the sale. Nevertheless, the company remains optimistic about its financial performance, expecting core lending activities in both Australia and the US to exceed FY25 levels. The board is considering various uses for the sale proceeds, including capital returns, dividends, debt reduction, and working capital enhancement, with decisions to be communicated ahead of the November 2025 AGM.
Market Position and Future Prospects
The sale to Aiwyn not only validates QuickFee’s investment in its payment platform but also positions both companies for complementary growth. Aiwyn’s integrated platform, which includes practice management and AI-driven tax solutions, will now incorporate QuickFee’s Finance product, potentially accelerating loan book expansion. QuickFee’s strengthened balance sheet and focused strategy on lending signal confidence in its ability to capitalize on market opportunities in professional services finance.
Conclusion
QuickFee’s strategic divestment and partnership with Aiwyn represent a recalibration of its US business model, emphasizing lending over payments. While the withdrawal of earnings guidance introduces short-term uncertainty, the company’s outlook remains positive, supported by a robust Australian lending business and promising US growth prospects.
Bottom Line?
QuickFee’s pivot to focus on lending and its partnership with Aiwyn set the stage for growth, but investors await clarity on FY26 earnings and capital deployment.
Questions in the middle?
- How will the integration with Aiwyn’s platform impact the growth trajectory of QuickFee’s US Finance loan book?
- What are the expected tax liabilities and transaction costs affecting QuickFee’s FY26 earnings?
- How will QuickFee allocate the proceeds from the sale, capital return, dividends, or debt reduction?
