Ann: Business Operations Update, page-259

Upon approval, which is usually within a few hours, we debit the first installment from your client and provide 100% of the invoiced amount to your firm.

I like the fact QFE are only exposed to 91.7% of the debt as 8.33% (assuming a 12 month loan) is paid upfront by the end client (could even be more paid upfront possibly)?

As we know the exposure is limited in any event, due to the fact the firms take the debt on if it becomes bad.

I also noticed there are circa $1m+ in bad debts (or arrears) currently (need to keep an eye on this number going forward) I guess

I also noticed on the US website:

QuickFee serves accounting practices and legal firms primarily, though we’re open to working with other types of professional service firms such as consultancies and market research firms. (new industry to tap)

https://www.quickfee.com/faq/

Ok i've gone from Mr questioner to a possible buyer

Thanks for all the research and responses.