QuickFee Provides Q4 FY2020 Business Update; Reports Record Results In The US And Australia

  • Jul 08, 2020 AEST
  • Team Kalkine

QuickFee Limited (ASX:QFE) has provided Q4 FY2020 quarterly business update with record results in the US and Australia.

  • Q4 FY2020 was another strong quarter of growth in lending in key US market by 71% to US$3.9 million. The FY2020 lending improved by 63% to US$13 million.
  • US transaction volume rose 154% to US$136.9 million during the quarter.
  • FY20 lending in Australia increased 17% to A$49.3 million.
  • 88 new firms signed up in the US during the quarter, up 300% on pcp.
  • QFE is well positioned for continued strong growth in the US and Australia moving into FY2021.

At 12:08 PM, QFE shares were trading at A$0.695.


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