Pushpay seeking compliance listing on the NZAX to accelerate global growth
Pushpay Holdings Limited (Pushpay), an emerging player in mobile payment services, has confirmed it is seeking a
compliance listing on the NZX Alternative Market (NZAX) in July. Prior to its listing, Pushpay will raise NZD$9.0
million of new equity through a private share issue at NZD$1.00 per share. The share issue has been fully underwritten
by Christopher and Banks Private Equity, a Huljich Family investment vehicle. On completion of the private share issue,
Pushpay will have a total number of 50,000,000 shares valuing the company at NZD$50.0 million.
“The private share issue will enable Pushpay to scale its global expansion strategies, particularly in the USA. We are
growing rapidly with transaction volume increasing 20% month-on-month and current annualised payments volume at over
NZD$35.0 million, up from NZD$17.0 million in late February 2014. We have secured some significant footholds in key
vertical markets in the USA, including significant wins in the faith and non profit sectors. Recent success with
strategic channel partners in the faith sector has increased merchant demand and also focused our technological
development,” said Mr Chris Heaslip, CEO of Pushpay.
“Mobile commerce currently comprises 4% of global credit and debit card transaction volume. The non-point of sale
payments sector is under-served, with both consumers and merchants demanding payment solutions that are easy, fast and
secure. That’s why we are so hugely excited about the mobile commerce opportunity,” said Mr Heaslip.
Pushpay has appointed Buddle Findlay as its Legal Adviser and plans to appoint Harmos Horton Lusk as NZAX Sponsor in
conjunction with the NZAX compliance listing.
To download the Pushpay App, visit the iTunes App Store or Google Play and search for “Pushpay”.
to learn more and see an online demonstration of how Pushpay enables merchants and consumers to “never miss the