ASX-listed QuickFee sees revenue surge 35%

ASX-listed QuickFee sees revenue surge 35%

ASX-listed fintech company QuickFee have announced their H1 FY24 results, with revenue up 35% on prior corresponding period (pcp) with positive momentum across all key metrics.

Total group revenue of A$9.3 million, up 35% on the pcp, with Australian revenue up 52% on pcp to A$4.1 million and US revenue up 24% on pcp to A$5.2 million.

Commenting on the first half results, QuickFee Chairman Dale Smorgon, said, “We are very pleased to see all the key metrics tracking in the right direction, with strong revenue growth, the significant expansion of our higher-margin Finance product, yield improvement and improved profitability in both Australia and the US.

“The Australian business had a very strong first half, with strong demand for our Finance product in a mature market. The US business continues to accelerate its growth trajectory, with an exceptional senior management team in place that are incentivised and driven to capitalise on the huge market opportunity in e-invoicing and payments for professionals.

“We have positive momentum across the business, and we remain on track for continued improvement in operating profitability, with a strong second half expected in FY24.”