QuickFee: Completes SPP and raises more than expected

October 16, 2020

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QuickFee: Completes SPP and raises more than expected

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Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

Fintech company QuickFee (QFE) has completed its oversubscribed share purchase plan (SPP)
The company planned to raise $2.5 million but the plan generated strong support and received applications totalling $3.3 million
As a result, QuickFee scaled back application to the original $2.5 million
QuickFee Instalments allows QuickFee clients to pay their invoices in four instalments using Splitit’s system
Shares will be issued on October 16 and refunds will be processed in due course
QuickFee has ended the day a slight 2.88 per cent in the red with shares trading for 50.5 cents each