Aiwyn Acquires QuickFee’s US Payments Business and Adds Pay-Later Offering

Aiwyn has acquired QuickFee’s U.S. payments business, including QuickFee Pay Now and QuickFee Connect, to add new capabilities to Aiwyn’s payments and collection platform for accounting firms.

The company’s partnership with QuickFee will enable Aiwyn to provide customers with access to QuickFee’s Pay Later finance offering, and QuickFee customers can continue to use their existing payment solutions while also gaining access to Aiwyn’s platform, which includes practice management, client experience and artificial intelligence tax solutions, the companies said in a Sunday (Sept. 7) press release.

QuickFee will continue to operate its financing business independently, according to the release.

Aiwyn CEO Justin Adams said in the release that the company welcomes QuickFee’s customers and looks forward to “building lasting partnerships and supporting them, while providing them with the trusted products Aiwyn is known for.”

In a Monday (Sept. 8) announcement on its own investor website, QuickFee said it sold its U.S. Pay Now business to Aiwyn for $26.35 million but retains its U.S. loan book and Finance product and “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 payment options.”

The company added in the announcement that it will retain a team in the U.S. to operate the U.S. Finance business.

QuickFee Chairman Dale Smorgon said in the press release: “Our customers and team are becoming part of an organization that values their relationships and experience, and I am confident they will continue to thrive as an important part of Aiwyn’s future.”

Aiwyn announced in December that it secured $113 million in a funding round led by KKR and Bessemer Venture Partners to support its efforts to grow its payments and collections suite into a comprehensive practice management platform for CPA firms.

In May, Aiwyn announced its acquisitions of Taxa, which is an AI-driven tax solution that has been rebranded as Aiwyn Tax, and Diligence, a provider of deep integration and automation technology whose technology is now embedded into the Aiwyn platform.

Adams said at the time in a press release: “We’re doubling down on the innovation that brought us here by investing more capital and talent into Payments while also expanding R&D to shape what’s next for the profession.”