1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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QuickFee (ASX: QFE) flags FY26 transformation as foundation for growth, CEO Bruce Coombes from QuickFee states that a simplified business model is now driving a maiden full-year profit, an interim dividend and capital returns to shareholders. Coombes outlines the sale of two US businesses – card and EFT processing, and software – for about A$40 million, saying this enables QuickFee to focus solely on its low-risk lending platform in Australia and the US, targeting clients of accounting and legal firms.
Coombes characterises QuickFee as a niche SME lender, claiming it is unique in providing funding specifically to pay professional services firms, with those firms standing behind each loan. A small 16-person team is said to support a high-value, high-touch acquisition model, leveraging continuing professional education events to win and deepen relationships. In Australia, Coombes points to a deep integration with Xero (ASX:XRO) as a key driver of customer stickiness.
Looking ahead to FY27, Coombes refers to published guidance targeting around $5 million in EBITDA at the midpoint, driven by growth from recently signed firms and US distribution partner Iowan, which services 300 of the top 500 CPA firms. He signals an intention to maintain a $0.01 annual dividend, and sees capacity for future inorganic growth supported by existing funding lines.
