QuickFee Limited Satisfied Second performance milestone under the QuickFee US Acquisition

  • Nov 08, 2019 AEDT
  • Team Kalkine

Agreement Payment services provider QuickFee Limited (ASX: QFE) has satisfied its second performance milestone for the issue of deferred consideration under its agreement for the acquisition of QuickFee Group LLC.

The final milestone under the QuickFee US Acquisition Agreement is achieving an aggregate value of currently held loans made to users of the QuickFee US service in excess of USD 6 million by 9 July 2021.

For the month of October, the company reported lending in Australia of $4.2 million, up 23% on prior corresponding period (pcp). Further, the company reported US lending of A$2.0 million, up 133% on pcp.


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