QFE webinar - SPT QFE partnership

Hi,

Main takeaways from the webinar:

- Service will be available from 15/10 in the US and Australia
- No relevant competitor for QFE with such low costs
- SPT to provide their technology to QFE for a share of the fee that QFE charges (4.99%). No other cost or requirements to SPT.
- Other professional services may also take up this service - Bruce talked about architects
- Replication of model to other regions beyond Australia and US possible/likely
- Sign-up time for companies is one day ( a lot faster than current processes)
- QFE is desperate to get sales staff to meet expected demand

Looks to me as a no brainer. During my work for a Chartered Accountant I noticed that the biggest issue was to get paid by the customer.

Marketing companies seem to have the same problem too.

Paying 4.99% and not to worry about the money coming in is substantially better than having support staff in the company to follow up on payments for several months.

Unfortunately the share of the revenue that Splitit is entitled to is confidential.

I guess it is wait and see.

K