Below we take a look at what's driving investor interest in the ASX buy now, pay later (BNPL) share.

What new deal looks to be lifting the QuickFee share price?

The QuickFee share price is leaping higher after the company reported that it has acquired the rights to the Jim's Pay Plan franchise. That franchise provides payment plans to some 4,400 Jim's Group franchisees in more than 50 divisions and their clients across Australia.

According to the release, the contract, for which QuickFee said "there is no material consideration payable" will enable customers of Jim's franchisees to opt to pay in 4, 6, 9, or 12-month instalments.

The new BNPL product will be called Jim's Pay Plan.

Commenting on the new partnership, QuickFee's CEO Eric Lookhoff said:

For Jim's franchisees, we tailored our BNPL platform to best suit franchise operators with diverse service-based income streams. Powering Jim's Pay Plan with QuickFee supports business growth for franchisees by providing an easy to use, fast, and secure payment offering, while improving franchisee cash flow.

The company noted that lending volumes and revenues are not guaranteed and the future significance of the contract to QuickFee is uncertain at this time.

The franchise agreement operates for 20 years with an option to renew.

What else was announced today?

In a separate announcement that could be lifting the QuickFee share price today, the company reported a new partnership with private markets investment firm, Northleaf Capital Partners.

That partnership sees QuickFee secure a new US$70 million asset-backed receivables financing facility, which the company says will fund its growth plans in Australia and the United States.

Commenting on the new funding facility, Lookhoff said, "The additional funding provides QuickFee increased lending capacity as the company continues to expand in key professional services markets, and accelerates growth of its buy now, pay later solution in the broader services sector."

QuickFee share price snapshot

Despite today's lift, the QuickFee share price remains down 50% in 2021. That compares to a year-to-date gain of 13% posted by the All Ordinaries Index (ASX: XAO).

Over the past month, QuickFee shares are up 21%.

The post QuickFee (ASX:QFE) share price leaps 8% on BNPL deal appeared first on The Motley Fool Australia.

By close of trade, shares in the professional services payment provider had travelled 2.04% higher to 25 cents. In earlier trade, the company's shares leapt by as much as 12.2% to 27.5 cents before retreating to their current level.

CEO transition completed

Investors were buying up QuickFee shares in response to the company's latest news.

In a statement to the ASX, QuickFee announced it's appointed Eric Lookhoff as its new CEO. This comes as founder and current CEO Bruce Coombes steps into the role of managing director of Australian operations. Coombes' new responsibilities also include delivering special projects to market.

Lookhoff, the incoming CEO, will take over the reins on 1 July and join the board as an executive director. Previously, Lookhoff was QuickFee's president of its United States business from February 2021. 

QuickFee chair Barry Lewin said:

Bruce created our Australian and US businesses from a standing start and achieved significant organic growth. He will continue to be a major contributor to QuickFee in the company's next phase of growth, as a board member and in his new role overseeing Australia and other major growth projects.

We are delighted to have someone of Eric's calibre to drive the overall growth of QuickFee going forward. Eric brings a unique skillset, enormous experience, and a strong US professional network that will ensure QuickFee is best able to capitalise on major growth opportunities in QuickFee's payments business. This change in leadership positions QuickFee well for the future.

Trading update

In a positive sign of recovery, QuickFee stated operating performance for May and June has delivered encouraging results. While no financial details were given, the company revealed three key areas are witnessing growth in Q4 FY21. They are Australian traditional financing, United States PayNow transaction volumes, and QuickFee instalments in both geographical markets.

Finally, the company noted traditional financing in the US is in line with the previous quarter (Q3 FY21). The US Government's stimulus measures have been blamed for weighing down on QuickFee's lending growth.

QuickFee share price snapshot

QuickFee shares have fallen by around 45% over the past 12 months. Year to date share price performance has also been subpar, with the company recording a 36% decline.

On valuation grounds, QuickFee commands a market capitalisation of roughly $51 million, with approximately 201 million shares on issue.

The post Why the QuickFee (ASX:QFE) share price jumped higher today appeared first on The Motley Fool Australia.

During mid-morning trade, the financial technology company's shares are fetching for 32 cents, up 28%.

QuickFee achieves record growth

Investors are fighting to get a hold of QuickFee shares today following the company's explosive trading update.

According to its release, QuickFee advised that lending activity in Australia is continuing to surge. Both March and April recorded the highest lending months in the FY21 period following the end of the JobKeeper stimulus. In particular, April lending reached $3.5 million, up 30% on the previous highest month in the current financial year. QuickFee stated that it is seeing encouraging signs for a recovery in the local business sector.

In the United States, the company processed US$76.4 million in its US PayNow market for April. This represented an increase of 13% on the previous record month of March 2021. As a result, the total transaction value (TTV) is sitting at an annualised run rate of US$900 million.

QuickFee noted that traditional financing in the United States is relatively in line with the Q2 FY21's run rate. The federal government's stimulus package is continuing to weigh down on the company's lending growth.

Positively, QuickFee Instalments are gaining pick up in the United States, with volumes in April at US$180,000. Again, this reflects a 600% jump on the performance attained in March.

New merchant signups are climbing with the company recording 445 and 191 merchants in the United States and Australia, respectively.

What did the head of QuickFee say?

QuickFee CEO, Bruce Coombes hailed the company's strong progress, saying:

We remain very excited about the growth in our payments platform in the US and the scale that we are building. As we increase our focus on both new merchant sign-ups and existing merchant usage, we expect to see ongoing growth in transaction volumes and further scale benefits.

Also, very pleasing has been the strong pickup in lending in Australia and the early uptake of the QuickFee Instalments product, with April showing very impressive growth in the US.

About the QuickFee share price

Despite today's meteoric gain, the QuickFee share price has tumbled close to 40% year-to-date. In comparison, the All Ordinaries Index (ASX: XAO) has gained around 7%.

Based on today's price, QuickFee commands a market capitalisation of roughly $62 million, with approximately 201.5 million shares on issue.

The post Here's why the QuickFee (ASX:QFE) share price is zooming 28% higher appeared first on The Motley Fool Australia.

As a result of the selloff, the Quickfee share price closed at 31 cents per share. Let's take a look at what was influencing the price action today.

Competing narratives

Despite some impressive growth metrics from the third quarter for Quickfee, they aren't consistent across all operations. The company tends to separate its operations into Australia and United States. From here, we can see two different stories being played out.

For the 9 months year to date, Quickfee reported 509 active merchants using the US platform. This compares to 327 for the same period in FY20. Meanwhile, active merchants shrank from 473 to 461 in Australia in the same comparison.

Similarly, active customers in the US increased to 126,000 from 91,000, while Australian active customers retraced to 24,000 from 30,000. Quickfee attributes this to the government stimulus measures in Australia, reducing the demand for lending locally. Evidently, this impact has flowed onto the Quickfee share price. 

However, the company noted March was the strongest lending month thus far for this financial year – hinting at a potential recovery.

Instalment offering and e-invoicing

Quickfee also updated shareholders on its progress with its instalments offering. The company is continuing to gain traction in Australia and the US. 531 merchants had signed up for the product by 31 March 2021. Once again, the US beat out Australia on metric – with 69.7% of those signed up from the US.

Furthermore, lending volumes for the instalment product remain nascent as the company executes its go-to-market strategy. Quickfee's approach is to continue targeting its focused customer base of accounting and law customers.

Lastly, plans are on track for the launch of ConnectAR by the end of Q4 FY21. ConnectAR is an e-invoicing tool that Quickfee expects will assist in cementing its relationship with customers.

Quickfee share price quickly

The Quickfee share price has been caught in a persistent downtrend since August last year. Since then, the share price has gradually eroded 60%. 

However, in terms of returns for the last year – things aren't as bad. Bouncing back from the COVID-19 suppression, the Quickfee share price has returned nearly 35% in the past year.

The post Why the Quickfee (ASX:QFE) share price slumped 8% today appeared first on The Motley Fool Australia.

After plummeting to a low of 42 cents this morning, the QuickFee share price has clawed back some ground and is currently trading at 46 cents, down 8%.

Why's the QuickFee share price dropping?

Australia growth not so good

QuickFee is a little different to the likes of Afterpay Ltd (ASX: APT), Zip Co Ltd (ASX: Z1P) and other consumer-facing BNPL companies. In contrast, QuickFee provides instalment systems and lending to services firms – or in other words, business to business. This is similar to another ASX-listed BNPL player, Cirralto Ltd (ASX: CRO).

The good news is QuickFee delivered solid growth in the United States, with transaction volumes processed growing by 182% to US$285 million. Lending in the region also increased by 41% to US$7.9 million. There are now 469 firms registered with QuickFee US, a 14% increase.

When we look at the results for Australia, however, the good news begins to get muddied. Lending in Australia suffered due to businesses having access to government stimulus. However, as the JobKeeper scheme evaporates, companies are resorting to loans for liquidity once more.

Despite lower lending in dollar terms, QuickFee continued to grow its customer base during the half. Notably, it added several major law and professional service associations during the period.

Splitit partnership shows traction

QuickFee partnered with Splitit Ltd (ASX: SPT) back in September last year – which failed to rally the QuickFee share price. The partnership enables QuickFee to offer Splitit's credit card instalment system to its customers. Since launching in December, QuickFee has signed 170 additional merchants, taking the total to 149 in the US and 128 in Australia.

In the US alone, the instalment offering is expected to expand QuickFee's addressable market by an additional 650,000 accounting and legal firms.

Optimism remains high for QuickFee, reporting total-transaction-volumes between 1 January to 14 February that are 2.4 times greater than the prior year.

QuickFee expects a strong tailwind from the accelerations towards online payments due to COVID-19. The company is also priming its balance sheet for growth following the completion of A$17.5 million share placement.

The post Why the QuickFee (ASX:QFE) share price is falling 8% lower today appeared first on The Motley Fool Australia.

Let's see how the company tracked for Q1 FY21 and why the QuickFee share price is falling.

What's driving the QuickFee share price lower?

The QuickFee share price is falling lower after the company announced a mixed first quarter result for the period ending 30 September. The payment and lending solutions company achieved rapid growth into the United States market. Lending was up 91% to US$4.1 million on the prior corresponding period. The surge in demand was driven by a combination of new firm activations and increased lending from existing firms. This represents the company's fourth consecutive quarter of record lending in the US.

In addition, transaction volumes continued to benefit from the accelerated shift to online payments, in particular, electronic invoices. This reflected a 215% jump in the number of transactions to 63,000 compared to Q1 FY20. In total, transaction value in the US came to US$127.2 million, up 213%.

Across the Pacific, however, QuickFee said the government stimulus measures designed to help combat the economic effects of COVID-19 heavily impacted its results in Australia. Lending declined by 41% to $6.4 million as cash flow for small to medium-sized businesses received JobKeeper and other tailored financial packages. QuickFee anticipates that when government supports unwind, normal levels of funding will return.

What did the CEO say?

QuickFee CEO Bruce Coombes said due to it first mover advantage in the US market, the company has achieved rapid growth in its lending and platform transactions.

Mr Coombes also mentioned QuickFee's partnership with Splitit Ltd (ASX: SPT) which looks to launch its product in mid-October. He said:

In addition to the structural tailwinds benefiting QuickFee in the US, the launch of the new 'interest free' product in partnership with Splitit represents a major growth opportunity. An additional 650,000 accounting and law firms in the US, along with new market segments and geographies are now target firms for QuickFee's suite of products.

The build of the receivables management system and e-invoicing product for the US market is expected to be launched this quarter. This remains a major development for QuickFee and is expected to help further drive take-up of QuickFee's lending product.

New CFO appointment

QuickFee announced the appointment of Simon Yeandle as chief financial officer, who has started the position today.

Mr Yeandle is a chartered accountant with more than 25 years of experience in software-as-a service (SaaS), fintech, and media organisations. His previous roles include CFO of businesses such as oOh!media Ltd (ASX: OML) and 3P Learning Ltd (ASX: 3PL). Mr Yeandle is recognised for leading the finance function which oversaw a number of successful acquisitions and debt/equity raising projects.

Mr Coombes welcomed the CFO appointment, saying:

Given Simon's significant experience in senior financial roles and high growth companies, we are very excited to welcome him to the QuickFee team and look forward to his contribution to continue our rapid growth.

The post Why the QuickFee (ASX:QFE) share price is falling today appeared first on The Motley Fool Australia.

The Splitit share price jumped to $1.72 at market open, but has since retreated. At the time of writing, shares are trading up 1.5% to $1.56.

Record Q3 growth

Splitit told the market it had achieved a record third quarter for the period ending September 30.

The global payment solutions provider reported its merchant sales volume grew strongly to US$70.9 million, up 214% year-on-year (YoY). This was underpinned by an acceleration of the merchant and shopper base which increased 117% and 97% YoY, respectively. The continued expansion of merchant acceptance launched late in Q3.

The average order volume (AOV) also jumped, hitting above US$1,000, up 30% on the prior corresponding period. This was in line with the company's strategy of attracting larger merchants selling higher value items to customers.

Overall, gross revenue climbed 318% YoY to reach US$2.4 million. The company advised revenue growth was much higher than the merchant sales volume. This was due to merchants adopting Splitit's funded model, resulting in increased gross merchant fees.

Partnerships

Splitit's merchant self-onboarding feature is now live in the United States and will enter other geographical markets in Q4 FY20 and Q1 FY21. The new addition is expected to allow merchants to add Splitit with offering instalments within minutes.

In addition, Splitit has partnered with QuickFee Ltd (ASX: QFE), opening up a US$450 billion addressable market in the US and Australia. The service enables clients of accounting and law firms to pay their fees on credit card, using QuickFee's payments portal. Splitit will look to integrate its product offering, complimenting the existing financing option to customers.

What did management say?

Splitit CEO Brad Paterson said heading towards Q4, the company was excited to report another record quarter with rapid growth. He added:

The continued uptick in MSV and addition of new customers is further proof that today's shoppers are turning to Splitit to better use their own earned credit. Especially now, we are pleased to offer shoppers a responsible instalment payment solution, while at the same time, helping brands drive value by cost-effectively converting more site visitors into buyers.

For this reason, we continue to see today's most forward-looking companies choose Splitit to partner with. We are also seeing positive momentum for the option to self-onboarding through our partnership with Stripe, which has now been activated in the US. Q4 has started very strong and we are confident in our continued growth trajectory throughout the remainder of the year.

The post The Splitit (ASX:SPT) share price is up today. Here's why. appeared first on The Motley Fool Australia.

At the time of writing the professional services payment and lending solutions provider's shares are down almost 5% to 61 cents.

Why was the QuickFee share price in a trading halt?

QuickFee requested a trading halt on Thursday whilst it undertook a $17.5 million capital raising.

This morning its shares returned to action after successfully completing the institutional component of the capital raising.

QuickFee raised $15 million via a placement of shares to institutional investors at a 9.4% discount of 58 cents per new share.

Management advised that the placement was strongly supported by new and existing institutional, family office, and sophisticated investors.

It will now push ahead with its share purchase plan, which aims to raise a further $2.5 million. These funds will be raised at the lower of the placement price or a 5% discount to the five-day volume weighted average price of its shares on 12 October.

Why is QuickFee raising funds?

QuickFee launched the capital raising after announcing a partnership with buy now pay later provider Splitit Ltd (ASX: SPT).

This agreement will allow the clients of accounting and law firms in the United States and Australia to pay their fees on credit card using Splitit's instalment solution.

The CEO of QuickFee, Bruce Coombes, believes the partnership will open the door to parts of the market it would not normally service.

He said: "We are hugely excited by the new partnership with Splitit. Having already achieved strong acceptance amongst professional services firms with our online payment portal and existing lending solutions, this new interest free product allows QuickFee to capture a significantly greater share of the professional services market by providing payment plans to clients of smaller firms, by far the largest part of the market, that we would not normally service."

Commenting on the capital raising, Mr Coombes said he was very pleased with "the strong support QuickFee received from both existing shareholders and new shareholders." 

He believes this is "a strong endorsement of the significant opportunity for the new interest free product being launched in partnership with Splitit."

"The funds from the Placement will allow us to add significant scale to our team for customer acquisitions, predominantly in the US, and funding for the anticipated growth of the receivables book following the launch of the interest free product," he concluded.

The post QuickFee (ASX:QFE) share price lower after capital raising to support Splitit partnership appeared first on The Motley Fool Australia.

Here were some of the highlights from the ASX 200:

Biggest movers and shakers

At the bottom of the ASX 200 performance table the Mineral Resources Limited (ASX: MIN) share price fell by 9.4%.

There were businesses that dropped heavily. The Breville Group Ltd (ASX: BRG) share price fell by 7.5%, the Fortescue Metals Group Limited (ASX: FMG) share price dropped 6.4%, the Whitehaven Coal Ltd (ASX: WHC) share price declined by 5.5% and the Afterpay Ltd (ASX: APT) share price dropped 5.4%.

There were some businesses that saw gains. The ASX 200 leader was the Orora Ltd (ASX: ORA) share price which climbed around 3%.

Netwealth Group Ltd (ASX: NWL)

Fintech business Netwealth announced today that it was making a strategic investment and partnership with Xeppo. Initially, Netwealth is buying a 25% stake, though it has an option to increase its investment to 50%.

The ASX 200 business said that Xeppo specialises in connecting, matching and reconciling data from a wide range of sources to support the wealth management, accounting and mortgage industries.

Netwealth said that the investment, although not initially financially material, will enable and accelerate a number of key initiatives Netwealth has previously announced and is expected to create a unique and market-leading proposition for multi-disciplinary and integrates wealth practices.

Matt Heine, joint managing director of Netwealth, said: "A key element of Netwealth's strategy is to expand and enrich the data which underpins our current and future technology and which sits at the core of our 'whole of wealth' and client portal offering.

"From our recent research, we found that advice firms on average use between 12 and 15 technology systems in their business, all of which have different data models, significant data discrepancies and often overlap from a features perspective. For example, the Netwealth platform captures customer details as does an advice firm's CRM, planning software, fact find and client portal.

"Working closely with Xeppo we can solve this challenge and enable systems to better connect and integrate with each other driving business efficiency and great client experiences."

Heartland Group Holdings Ltd (ASX: HGH)

Heartland announced its FY20 result today.

It said that it generated net profit after tax (NPAT) of $72 million. It also said it made adjusted NPAT of $78.9 million (after removing the economic overlay of (pre-tax) $9.6 million) which was up 7.2%.

Its gross finance receivables was $4.6 billion, up 4.9%. The financial business said that its net interest margin (NIM) was 4.33%, flat compared to FY19. Net operating income increased by 13.2% to $235.3 million.

It declared a final dividend of 2.5 cents per share, taking the full year dividend to 7 cents per share. However, that was a reduction of 3 cents per share due to the restrictions imposed by the Reserve Bank of New Zealand.

In FY21 the company is expecting its net profit after tax for FY21 to be in the range of $83 million to $85 million.

Splitit Ltd (ASX: SPT)

Buy now, pay later business Splitit announced that it is forming a partnership with QuickFee Ltd (ASX: QFE). It will see 'advice now, pay later' interest-free instalments launched for accounting firms and law firms.

No applications are required as no new credit is being offered to clients. Splitit will be integrated directly into Quickfee's payments portal. This service will initially be available to more than 1,000 accounting and law firms already using Quickfee.

Quickfee sees this as an opportunity because it expands its customer base to include smaller firms that typically fall outside of its credit risk framework. Advice businesses' clients will be able to more easily access legal, accounting and financial advice.

Splitit said it was not able to determine how material this partnership will be.

The Splitit share price finished flat today.

The post ASX 200 drops 1.2%, Mineral Resources (ASX:MIN) fell 9% appeared first on The Motley Fool Australia.

The post Why the Splitit (ASX:SPT) share price is on the move today appeared first on The Motley Fool Australia.

Four shares that are not letting that hold them back are listed below. Here's why they are pushing higher:

The De Grey Mining Limited (ASX: DEG) share price has jumped over 7% to $1.53. Earlier this week the gold-focused mineral exploration company announced the completion of its $100 million capital raising. The proceeds from the placement will be used to fund ongoing extension and definition drilling of the Hemi discovery, testing of mineralised intrusions close to Hemi, and early stage project de-risking studies. Investors appear confident De Grey is sitting atop a world class asset.

The Scentre Group (ASX: SCG) share price is up 3% to $2.34. This morning the shopping centre operator announced that it has priced a US$3 billion (A$4.1 billion) subordinated hybrid note issue in the United States market. In light of this, Scentre now has sufficient long-term liquidity to cover all debt maturities to early 2024.

The Splitit Ltd (ASX: SPT) share price is up 2.5% to $1.59. This morning the buy now pay later provider announced a partnership with professional services payment provider QuickFee Ltd (ASX: QFE). The deal will allow clients of accounting and law firms in the US and Australia to pay their fees on credit cards using Splitit's instalment solution. QuickFee processed more than US$300 million worth of payments in FY 2020.

The Temple & Webster Group Ltd (ASX: TPW) share price has pushed 3% higher to $10.18. This is despite there being no news out of the online furniture and homewares retailer today. However, with Kogan.com Ltd (ASX: KGN) releasing an update on Wednesday and revealing exceptionally strong growth in August, investors may believe that Temple & Webster's positive form has also continued early in FY 2021.

The post Why De Grey, Scentre, Splitit, & Temple & Webster shares are pushing higher appeared first on The Motley Fool Australia.

What was in the announcement?

According to the announcement, payment solutions provider QuickFee saw record results in both the US and Australia in the final quarter of the 2020 financial year, with strong momentum moving into the 2021 financial year.

QuickFee reported that lending in the US market increased by 71% in the final quarter of the 2020 financial year versus the final quarter of the 2019 financial year, with lending totalling US$3.9 million. Lending for the financial year was up by 63% to US$13 million on the final quarter FY19. US transaction volume in the final quarter of FY20 also increased 154% on the prior corresponding period, lifting to US$136.9 million.

The company also reported that lending in Australia for FY20 rose by 17% to $49.3 million, which represents a record for the company.

According to the announcement, 88 new firms in the US signed up over the quarter, a 300% increase over the same quarter last year.

The company stated that it was well positioned for continued strong growth in the US and Australia heading into the 2021 financial year.

Commenting on the results, QuickFee CEO Bruce Coombes said:

We continue to be very encouraged by the traction we are achieving in the US. The third consecutive quarter of record lending reflects a very strong uptake of our product by US accounting and law firms, and with continued growth in new firm sign-ups, we expect this momentum to accelerate.

Transactional volumes exploded in the US over the fourth quarter, with COVID-19 benefiting QuickFee by forcing many firms and clients to embrace online payments. Our view is that this transition to online payments will continue in the US, where until now online payments for accounting firms have not been widely used. This represents an exciting area of growth for QuickFee as we look forward.

About the QuickFee share price

QuickFee offers a payment platform for professional services firms, allowing clients to pay by instalment while allowing the firms to receive payment in full. In this way, it works largely in the same way as a buy now, pay later provider such as Afterpay Ltd (ASX: APT), by allowing clients of professional services firms to receive services now, and pay later. Along with its operations in Australia, it entered the US in 2016, where it has no direct competitor.

QuickFee successfully raised $7.5 million in May at a price of 21 cents per share. This has been used to increase the size of its loan book and to improve its payment technology.

In June, QuickFee announced that lifetime bad debts since 2009 have been $60,000 against $250 million in lending.

The QuickFee share price is up 469% from its 52 week low of $0.13 cents. It has increased 117.6% since the beginning of the year. The QuickFee share price is up 48% versus this time last year.

The post QuickFee share price plummets 10% despite record results appeared first on The Motley Fool Australia.

Yesterday was the third consecutive day of strong growth for the payments company, which also saw 6% and 18% gains on Thursday and Friday, respectively. 

So what?

Given the lack of notable announcements, QuickFee was issued a speeding ticket by the ASX around 2pm yesterday afternoon. Despite there being no obvious answer to the recent trading in its securities, in its response, QuickFee stated it "observed that several other buy now, pay later (BNPL) entities listed on the ASX have experienced large securities price increases in recent weeks."  

As recently as last Tuesday, QuickFee announced it was extending its lending facilities in the US and Australia, in an effort to cater for growing demand in its payment plans. QuickFee's current lender, Global Credit Investments, has executed agreements to double the company's existing US$5 million debt facility. It also agreed to increase QuickFee's borrowing ratio from 80% to 85%.

These expansions should give QuickFee added flexibility following the increased demand for its payment plans in the US market. The company's Australian debt facility was also increased by $5 million to $25 million dollars to fund anticipated growth in the Australian market. 

QuickFee also recently completed a successful placement of $7.5 million in order to fund growth opportunities. This was as a result of COVID-19 driving unprecedented US transaction volumes as firms switch to electronic payments. The company reported its US transaction volumes had doubled since February, leading to its highest ever US revenues.

About the QuickFee share price

QuickFee provides professional service companies such as accounting and law firms a payment gateway solution for their clients.

Coming up to its one-year anniversary of listing on the ASX, the QuickFee share price has been surging higher recently with highs of up to 93 cents. Since listing, QuickFee shares have returned 73% and the company's market capitalisation now sits at $161.9 million.

The post Why did the QuickFee share price push 33% higher yesterday? appeared first on The Motley Fool Australia.