In case you missed it due to a bevy of news or just being head-down in tax season, practice management platform maker Aiwyn has bought the US payments business, aka PayNow and Connect, from QuickFee.
According to their press release, QuickFee customers will continue to leverage their existing payment solutions while gaining access to Aiwyn’s integrated platform, including practice management, client experience, and AI tax solutions. QuickFee will continue to operate its financing business independently.
QuickFee, an Australia-based company traded on the Australian Stock Exchange, shared some details of the deal in a recent report. For one, the sale was valued at approximately US $26.4 million. Also:
•QuickFee retains the US Finance business and loan book of US$7.5 million.
•QuickFee benefits from a newly established reseller agreement with Aiwyn for the US Finance product, as QuickFee’s Finance product will be integrated within Aiwyn’s payments options.
For Aiwyn, it will be able to further expand its product suite by providing customers access to QuickFee’s ‘Pay Later’ finance offering, as well as be seen as a more complete payments, practice management, client experience, and tax platform.