QuickFee

What QuickFee does

QuickFee is an ASX-listed payment platform and SME lender (ASX: QFE) that serves professional services firms — primarily accounting and CPA practices, with a secondary law firm segment — across the United States and Australia. The company was founded in 2006 and has built a customer base of more than 1,300 accounting firms globally, including IPA Top 400 names such as Frazier & Deeter and Whitley Penn. Its product portfolio consists of three core modules: QuickFee Pay Now (digital payment acceptance for ACH/EFT and credit/debit cards), QuickFee Pay Over Time (proprietary client financing offering 3-12 month installment plans where QuickFee funds the full invoice upfront to the firm within 2-5 business days and collects interest from the client, with no credit check required and tickets up to AUD 100,000), and QuickFee Connect (an A/R automation layer integrating with Wolters Kluwer CCH, Thomson Reuters Practice CS, IRIS Practice Engine, and PracticeERP). Security posture is anchored by PCI Level 1 and SOC 2 compliance.

The business model is transaction-fee and interest-driven: Pay Over Time generates interest income on installment loans while Pay Now earns transaction fees on payment processing. The Pay Now and Connect modules are offered at no platform cost to the firm, with revenue derived from take rates and financed loan economics. Distribution is primarily direct digital self-serve supplemented by enterprise field sales, with practice management software integrations acting as embedded distribution channels. In September 2025 QuickFee divested its US payments business (Pay Now and Connect) to Charlotte-based Aiwyn for $26 million, retaining its Pay Over Time financing product globally and entering a partnership in which Aiwyn distributes Pay Over Time alongside its own payments stack. Following the divestiture, the Australian business is the principal growth engine, with Australian finance revenue growing 12% in Q3 FY2026 against a 44% decline in US revenue. FY2026 EBITDA is guided to AUD 3.75-4.25 million, and the company has announced a 7.5 AU cent per share capital return alongside Q1 FY2026 results.

Operationally the company is mid-stage public: 51-100 employees, US-incorporated parent QuickFee Group LLC with wholly-owned subsidiaries QuickFee Finance LLC, QuickFee GCI LLC, and QuickFee, Inc., and an Australian-listed entity maintaining the ASX listing. Headquartered in Plano, Texas (with a mailing address in West Hollywood, California), QuickFee is led by CEO Eric Lookhoff and is post-transaction a smaller, financing-focused business whose strategic narrative has shifted from US platform expansion to Australian-led financing profitability and capital return.

Name

QuickFee

Legal name

QuickFee, Inc.

Website

https://quickfee.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Short description

QuickFee is an ASX-listed payment platform and client financing provider serving 1,300+ accounting and law firms with digital payments, A/R automation, and 3-12 month proprietary financing. Following its 2025 US payments divestiture to Aiwyn, the company focuses on its Pay Over Time financing product, primarily in Australia.

Ownership category

akta.pro rank

Product category

Accounts Receivable Automation and Professional Services Payments

NAICS

Other Nondepository Credit Intermediation (52229), Sales Financing (52222), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Short-Term Business Credit Institutions (6153), Services-Prepackaged Software (7372)

akta.pro primary industry

Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)

akta.pro secondary industries

Recurring Billing & AutoPay Management (FSAMAJAE), Biller Direct EBPP Platforms (FSAMAJAA), Bank Bill Pay (Consumer & Small Business) (FSAMAJAC)

Keywords

• Accounts receivable automation
• Professional services payments
• Client financing platform
• Practice management integration
• BNPL for accounting firms

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales

Revenue model

1. Pay Over Time Financing (Interest Income): QuickFee extends loans to clients of accounting/law firms, collecting interest income on the installment plans. Firms receive the full invoice amount within 2-5 business days while clients pay over 3-12 months with interest. Interest rates vary by loan term. This is the primary proprietary revenue stream.
2. Payment Processing (ACH/Card): QuickFee earns transaction fees from processing ACH/EFT and credit/debit card payments through the Pay Now module. Fees are transparent and passed through to firms, with the option for firms to pass nominal surcharges to clients.
3. Capital Raise / Equity Financing: QuickFee raised A$4.0 million through a share placement in May 2022 with participation from Payroc and other investors to support growth and profitability strategies.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

QuickFee provides a payment and accounts receivable automation platform purpose-built for accounting and law firms. Its core offerings include a digital payment portal accepting ACH/EFT and card payments, a proprietary client financing solution that funds the full invoice upfront to the firm while clients repay over 3-12 months, and an A/R automation module that integrates with practice management systems to reconcile invoices and collections.

Product overview

QuickFee is a payment and A/R automation platform for accounting and professional services firms. The product portfolio consists of three core offerings: (1) QuickFee Pay Now — a digital payment portal accepting ACH/EFT and card payments; (2) QuickFee Pay Over Time — a proprietary client financing/loan product enabling 3–12 month installment plans with the firm paid upfront; and (3) QuickFee Connect — an A/R automation module that syncs with practice management systems (CCH ProSystem fx, CCH Axcess Practice, IRIS Practice Engine, Thomson Reuters Practice CS, PracticeERP) to automate invoice delivery, reminders, and reconciliation. QuickFee operates alongside Aiwyn, having sold its U.S. operations to Aiwyn in September 2025 while retaining its Australian/global financing business.

Differentiator

Problem solved

Functional benefit

Brands

• QuickFee Pay Now: Digital payment solution accepting ACH/EFT and card payments with transparent fees.
• QuickFee Pay Over Time
• QuickFee Connect

Products and services

• QuickFee Pay Now Digital payment acceptance solution that enables accounting and law firms to accept ACH/EFT transfers, credit cards, and debit card payments through a secure online payment portal with transparent fees. Firms may pass a nominal credit card surcharge to clients.
• QuickFee Pay Over Time Proprietary client financing product offering 3, 6, 9, or 12-month installment payment plans at no cost to the firm. QuickFee funds the full invoice amount to the firm upfront while clients spread payments over time with interest. Loans up to $100,000 processed through cloud-based system with no credit check required for clients.
• QuickFee Connect A/R automation platform that automates the entire accounts receivable workflow, including invoice delivery, payment reminders, and reconciliation with practice management software such as Wolters Kluwer CCH ProSystem fx, CCH Axcess Practice, IRIS Practice Engine, Thomson Reuters Practice CS, and PracticeERP.

Quantifiable outcome

• Reduce A/R by up to 32%
• +5 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• AiwyncoreStrategic or Co-development Partner · 9 September 2025Aiwyn acquired QuickFee's US payments business in September 2025 for $26 million, including QuickFee Pay Now and QuickFee Connect. Post-acquisition, QuickFee works alongside Aiwyn to deliver a suite of payment solutions — QuickFee continues operating its Pay Over Time (financing) product while Aiwyn handles the Pay Now (digital payments) and Connect (A/R automation) products. This is a restructuring of QuickFee's US operations.
• Wolters Kluwer (CCH ProSystem fx, CCH Axcess Practice)coreTechnology or IntegrationQuickFee Connect integrates with Wolters Kluwer CCH ProSystem fx and CCH Axcess Practice, enabling automated database sync, invoice delivery, and reconciliation directly within the practice management system used by accounting firms.
• Thomson Reuters (Practice CS)coreTechnology or IntegrationQuickFee Connect integrates with Thomson Reuters Practice CS, enabling seamless data synchronization and automated A/R reconciliation within the Thomson Reuters ecosystem used by accounting firms.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aiwyn: Acquired QuickFee's US payments business (Pay Now and Connect) in September 2025 for $26M and now provides the integrated A/R automation and digital payment platform to US accounting firms that QuickFee previously offered, making it the most directly comparable peer in the same product category.
• Bill.com: Bill.com offers AP/AR automation, digital payments, and increasingly working capital/lending to SMBs including accounting firms. It is a direct competitor for the A/R automation and bill-pay slot within QuickFee's customer base and adds scale, capital, and product breadth QuickFee cannot match.
• Melio: Melio is a digital B2B payments platform (now part of Worldline) serving SMBs including accounting firms with bill pay, ACH/card acceptance, and AR workflows — overlapping directly with QuickFee Pay Now and Connect in the accounting vertical.
• Versapay: Versapay provides AR automation and B2B payments designed for mid-market firms; it overlaps with QuickFee's Connect product in functionality and target buyer (controllers, CFOs), competing for the same automation budget at accounting firms.
• Apruve: Apruve offers B2B trade credit and net-terms financing for businesses, conceptually adjacent to QuickFee Pay Over Time's BNPL-for-professional-services model. Comparable as a niche B2B financing provider targeting similar buyer behavior.

Emerging players

• CPA.com (AICPA): AICPA's commercial arm bundles vendor partnerships and A/R/payment tooling for accounting firms. Its channel and brand reach into the IPA Top 400 represents an emerging competitive threat to QuickFee's practice-management-embedded distribution.
• Behalf (Mastercard): Behalf, now part of Mastercard, provides short-term business financing and net-terms B2B lending. Comparable to QuickFee Pay Over Time as a short-term business credit institution underwriting SMB receivables.
• Canopy: Canopy provides practice management tools for accounting firms, including workflow, document, and payment-related modules. Comparable as an embedded workflow vendor targeting the same accounting firms that QuickFee's Connect integrates with.

Broad incumbents

• Fundbox: Fundbox extends short-term working capital and credit to SMBs via an embedded platform. It is a broader incumbent in nondepository SMB lending, comparable to QuickFee Pay Over Time in product mechanics and risk philosophy.
• BlueVine: BlueVine offers working capital, lines of credit, and SMB banking products. Comparable as a broader nondepository credit intermediary competing for SMBs that QuickFee serves through its accounting firm channel.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/quickfeeus
• Facebookfacebook.com/QuickFeeUS
• LinkedInlinkedin.com/company/quickfee-us

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about QuickFee