Australian fintech co Quickfee climbs on partnership deals

Quickfee

19/11/2021 24:35

** Shares of fintech firm QuickFee Ltd  QFE.AX  rise as much
as 13.5% to A$0.210, their biggest intraday pct gain since Aug 4
    ** Co posts two partnerships in separate announcements, one
to expand funding facilities and the other to operate a
buy-now-pay-later (BNPL) product  urn:newsml:reuters.com:*:nASX1csVjl urn:newsml:reuters.com:*:nASX3BM07T
    ** Partners with investment firm Northleaf Capital Partners
for a new $70 mln financing facility to fund its growth across
the United States and Australia
    ** Says it also acquired the rights to Jim's Group's BNPL
product, which provides payment plans to over 4,400 Jim's Group
franchisees and their customers throughout Australia
    ** Stock at its highest since Oct 28
    ** Stock up 2.8% this year, as of last close

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))