Australia's QuickFee rises to 6-month high on US payments business sale

Quickfee

08/09/2025 02:13

** Shares of QuickFee QFE.AX rise 75.9% to A$0.095, their highest level since March 14

** Stock eyes its strongest trading session to date, if gains hold

** The financial technology firm to sell its U.S. Pay Now business to KKR KKR.N and Bessemer Ventures-backed tech firm Aiwyn for $26.35 million

** Co withdraws FY26 earnings forecast, but adds that its outlook continues to be positive

** More than 1.5 million shares change hands, 5.1 times the 30-day avg

** Stock down 15.7% YTD, including the day's moves

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))