Aiwyn Strengthens Its Market Position with QuickFee Acquisition of US Payments

Aiwyn Expands Its Offerings by Acquiring QuickFee's US Payments Business

Aiwyn, Inc., a pioneering company in the realm of modern accounting technology, recently revealed its acquisition of QuickFee's US payments division, which includes services like QuickFee Pay Now and QuickFee Connect. This strategic move is set to enhance Aiwyn’s already robust position as a premier payments and collection platform tailored for technology-driven accounting firms.

Strengthening Product Suite

With this acquisition, Aiwyn is not only enhancing its current offerings but also expanding its product suite to incorporate QuickFee's innovative 'Pay Later' finance solution. This integration will allow Aiwyn’s clients to offer their customers more flexibility regarding payment options, enhancing their overall service delivery in financial transactions.

Aiwyn’s CEO, Justin Adams, has expressed enthusiasm about welcoming QuickFee’s customers into the Aiwyn family. He stated, “We have long admired the firms QuickFee serves. This partnership reflects our commitment to building sustainable relationships and providing access to the trusted products that Aiwyn has become known for.”

Ensuring Continuity for QuickFee Customers

Current customers of QuickFee will not see any disruptions in their services. They will continue to enjoy existing payment solutions while gaining access to Aiwyn’s integrated multi-faceted platform. This platform encompasses practice management, client experience services, and AI-driven tax tools, ensuring that customers are well supported and can continue their accounting practices without interruption. QuickFee will retain its independence in operating its financing business, ensuring its existing business model and customer support frameworks remain intact.

Enhancing Workflow and Productivity

The partnership leverages the strengths of both companies. Aiwyn is celebrated for its dedication to enhancing productivity and streamlining workflows for accounting firms, while QuickFee has forged strong relationships by improving payment automation and cash flow management specifically in the CPA marketplace. Merging the client bases of Aiwyn and QuickFee enhances Aiwyn’s reputation as a reliable partner in the accounting profession nationwide.

QuickFee's Chairman, Dale Smorgon, reflected on this transition positively, stating, “I am confident our customers are in excellent hands with Aiwyn. Our clients and team are now part of an organization that values relationships and experience, ensuring they thrive as significant contributors to Aiwyn's future.”

About Aiwyn

Aiwyn, Inc. stands as the first comprehensive platform designed to cater to modern accounting firms, offering integrated solutions across payments, practice management, client relations, and tax-related services. Headquartered in Charlotte, NC, Aiwyn is supported by prominent investors, including KKR and Bessemer Venture Partners. The company's mission is to transform the operational dynamics of firms, improve client connectivity, and foster business growth by providing cutting-edge solutions.

About QuickFee

QuickFee (ASX: QFE) is a rapidly growing financial technology enterprise with a mission to expedite accounts receivable for professional service firms, ensuring they receive payments quicker. By providing multiple online payment options coupled with robust e-invoicing integrations for various practice management systems, QuickFee accelerates the bill-to-cash conversion cycle for firms, primarily in the sectors of accounting and legal services. Clients can make payments through a variety of methods, including credit cards, debit cards, EFT, and payment plans extending between 3 to 12 months. This flexibility allows clients to manage their payments conveniently to benefit their cash flow, while vendors receive enhanced upfront payments.

This acquisition marks a significant step forward for Aiwyn as it expands its capabilities and solidifies its position in the financial technology landscape. As Aiwyn and QuickFee join forces, both existing and prospective clients can look forward to enhanced service delivery and innovative solutions that meet the evolving needs of the accounting profession.