QuickFee Limited reported a 9% revenue increase in Q1 FY26, driven by strong Australian Finance growth despite a US Finance dip. The company completed a US Pay Now business sale for US$26.35 million and announced a 7.5 cents per share capital return, alongside a CEO appointment.
- Q1 FY26 revenue up 9% to A$6.1 million
- Sale of US Pay Now business for US$26.35 million completed
- 7.5 cents per share capital return proposed, subject to shareholder approval
- Bruce Coombes appointed CEO, focusing on AU and US Finance growth
- FY26 EBTDA guidance positive at A$3.75–4.25 million, weighted to second half
Quarterly Performance and Revenue Drivers
QuickFee Limited has delivered a solid start to FY26, reporting a 9% increase in quarterly revenue to A$6.1 million. This growth was primarily fueled by an 11% uplift in its Australian Finance segment, which offset a 14% decline in US Finance revenue. The company’s total transaction value (TTV) in Australia remained steady at A$15.6 million, while US Finance TTV fell 28% to US$4.8 million, impacted by a one-off credit impairment related to a defaulting US firm in the prior year.
Strategic Sale of US Pay Now Business
In a significant strategic move, QuickFee completed the sale of its US Pay Now business for US$26.35 million (approximately A$40 million) to Aiwyn, Inc., a US technology company backed by KKR and Bessemer Ventures. This transaction, representing a 5x revenue multiple based on FY25 figures, allows QuickFee to streamline its focus on its core financing products. The majority of US Pay Now staff are transitioning to Aiwyn, while QuickFee retains its US Finance loan book valued at US$6.8 million as of 30 September 2025.
Capital Return and Financial Position
QuickFee has proposed a capital return of 7.5 cents per share, amounting to approximately A$28.4 million, subject to shareholder approval at the upcoming AGM. This return is funded from the proceeds of the US Pay Now sale, with the remaining funds earmarked for debt reduction and business reinvestment. The company currently holds A$35.8 million in unrestricted cash and has additional borrowing capacity, positioning it well for future growth.
Leadership and Growth Outlook
Founder Bruce Coombes has resumed the role of CEO, taking executive responsibility for both Australian and US Finance operations. QuickFee plans to leverage a new reseller agreement with Aiwyn to embed its US Finance product into Aiwyn’s platform, potentially unlocking access to approximately 300 CPA firms within the US ‘Top 500’. The company expects FY26 EBTDA to be in the range of A$3.75 million to A$4.25 million, with earnings weighted towards the second half of the year.
Regulatory and Product Developments
QuickFee has secured an Australian Credit Licence (ACL), enabling it to continue offering Buy Now Pay Later (BNPL) products under new regulatory requirements. The ‘Q Pay Plan’ BNPL product showed strong growth with a 33% increase in TTV to A$1.6 million in Q1 FY26. The company’s focus on core lending products and minimal ongoing development costs underpin its positive outlook.
Bottom Line?
QuickFee’s strategic refocus and capital return set the stage for renewed growth, but US Finance’s recovery and reseller partnership execution remain key to watch.
Questions in the middle?
- How will the reseller agreement with Aiwyn impact US Finance growth and revenue?
- What are the risks and opportunities in QuickFee’s US Finance loan book post-US Pay Now sale?
- Will shareholder approval for the capital return proceed smoothly, and how will it affect investor sentiment?