QuickFee’s Bold US Exit and Capital Return Signal New Growth Phase

QuickFee’s Q1 FY26 Performance

QuickFee Limited (ASX, QFE) has kicked off FY26 with a solid quarter, reporting a 9% increase in group revenue to A$6.1 million and delivering positive EBITDA. This growth was driven by strong performances in both its Australian and US finance segments, despite the recent divestment of its US Pay Now business. The company’s focus on fee-funding solutions for accounting and legal professionals continues to underpin its steady expansion.

Strategic Sale of US Pay Now Business

In a significant strategic move, QuickFee completed the sale of its US Pay Now (ACH, Card & Connect) business to Aiwyn, Inc. for US$26.35 million (approximately A$40 million). This transaction, finalized in early September 2025, included the transfer of most US staff to Aiwyn, a technology company backed by KKR and Bessemer Ventures. The sale, at a multiple of five times FY25 revenue, allows QuickFee to sharpen its focus on its core finance lending business in the US and Australia.

New Growth Opportunities via Reseller Agreement

Post-sale, QuickFee has entered a reseller agreement with Aiwyn to distribute its US Finance product to approximately 300 CPA firms within the CPA ‘Top 500’. This partnership is expected to accelerate growth in the US finance loan book, leveraging Aiwyn’s established payments and practice management platform. QuickFee’s US finance business now operates with a lean team and minimal product development costs, positioning it for scalable expansion.

Robust Australian Business and Capital Management

Meanwhile, QuickFee’s Australian operations remain robust, with a 13% revenue increase to A$3.4 million in Q1 FY26. Growth in legal disbursement funding, now 35% of the Australian loan book, contributed to a 220 basis points rise in revenue yield. The company reported no credit losses in the quarter, reinforcing the quality of its loan portfolio.

Capital management is a key highlight, with QuickFee proposing a 7.5 cents per share capital return, amounting to approximately A$28.4 million, subject to shareholder approval at the upcoming AGM. This move reflects management’s confidence in the company’s cash position, bolstered by the US Pay Now sale proceeds and a strengthened balance sheet with reduced debt levels.

Outlook and Strategic Focus

Looking ahead, QuickFee is singularly focused on growing its finance business in both Australia and the US. The company plans to leverage streamlined back-office processes and the reseller channel to drive growth, while maintaining minimal capital expenditure and product development costs. FY26 EBITDA guidance remains steady at A$3.75 million to A$4.25 million, signaling management’s confidence in sustainable profitability.