ASX-listed QuickFee Restricted have introduced the sale of its US Pay Now (ACH, Card and Join) enterprise for US$26.35 million (A$40 million) Aiwyn, Inc., a US expertise firm backed by KKR and Bessemer Ventures. Aiwyn delivers funds, observe administration and tax options to accounting companies.
The sale by Quickfee represents an acquisition a number of of 5x income, based mostly on the FY25 Pay Now income of US$5.3 million. QuickFee will proceed to retain and function its US Finance mortgage ebook and US Finance product.
The massive majority of QuickFee US workers are transitioning to Aiwyn.
This acquisition strengthens Aiwyn’s positioning as a number one funds and assortment platform for technology-driven accounting companies. QuickFee clients will proceed to leverage their current fee options, whereas having access to Aiwyn’s built-in platform, together with observe administration, consumer expertise and agentic AI tax options.
QuickFee will proceed to function its financing enterprise independently, and importantly QuickFee has established a reseller settlement with Aiwyn, whereby QuickFee’s US Finance providing will probably be embedded into Aiwyn’s merchandise. QuickFee will retain a workforce within the US to proceed to function and develop the US Finance enterprise, the mortgage ebook of which was US$7.5 million as at 30 June 2025.
The sale signed and accomplished concurrently. Proceeds of sale are as a consequence of be acquired by QuickFee much less an escrow quantity of US$1.32 million (to be held by an escrow agent for a interval of 12 months to assist QuickFee’s sale settlement obligations), by 10 September 2025. The sale settlement comprises customary provisions for a transaction of this nature, together with working capital true-up changes.
The Board will think about a number of choices for using proceeds from the sale, together with a capital return, dividends, debt paydown and dealing capital. Quickfee anticipates speaking its capital administration choices to shareholders earlier than the AGM in November 2025.
Dale Smorgon, Chair of QuickFee mentioned, “We’re delighted to ship an important end result for QuickFee shareholders and workers by the sale of our funds enterprise to Aiwyn – a properly backed, extremely respected business chief. The acquisition validates our technique and funding in growing QuickFee’s A/R Automation instruments and revolutionary fee platform for CPA’s {and professional} companies.
“Each events are dedicated to an ongoing significant, strategic partnership and QuickFee will profit from a major new development channel for our US Finance product. We stay optimistic that our US mortgage ebook will proceed to develop because it turns into embedded into Aiwyn’s funds choices for his or her increasing buyer base.
“I’m assured our clients are in glorious arms with Aiwyn. Our clients and workforce have gotten a part of an organisation that values their relationships and expertise, and I’m assured they may proceed to thrive as an essential a part of Aiwyn’s future.
“Our working outlook stays constructive, we’ve a strengthened stability sheet and we’re assured within the development potential of our core Finance operations in Australia and the US over the 12 months forward.”
