Source:https://kalkinemedia.com/2019/07/30/five-asx-listed-stocks...

Source:
https://kalkinemedia.com/2019/07/30/five-asx-listed-stocks-dro-cxz-qfe-fzo-hil/


On 12 July 2019, the company provided the Business Operations Update. Accordingly, it acknowledged the successful listing of the stock on ASX following the initial public offering of securities (IPO). Also, it intends to use the proceeds from the IPO towards the strong growth, and the company has been engaged with professional service firms to integrate the QuickFee platform.Currently, the company has a solid pipeline of prospective professional service firm for the integrations in Australia and the USA. It was asserted that the company’s growth continues as reflected in the latest quarter number.Customers, Transactions & LendingReportedly, the company has 618 professional services firms in Australia and 236 professional services firms in the USA for the year ended 30 June 2019. Also, the unaudited transactions from Australia were recorded at A$28.3 million in FY19, up by 170% from A$10.5 million in FY18. Besides, the unaudited transactions from the USA were recorded at A$136.8 million in FY19, up by 182% from US$48.4 million in FY18. Further, the unaudited lending activity was A$42 million in Australia for FY19, up by 17% from A$36 million in FY18. In addition, the unaudited lending activity was US$8.3 million in the USA for FY19, up by 108% from US$4 million in FY18.

QuickFee has been trying to achieve success in the USA in the similar way it has met in the Australian region. Admittedly, the USA represents the largest chunk of professional services firms globally. Also, the company has welcomed two new sales representatives for the US team on 10 July 2019, who would underpin the company to achieve desired targets. Besides, the company would be updating the shareholders regarding business developments and the full-year results.