Pushpay secures R&D Project Grant

Pushpay secures R&D Project Grant

Auckland, New Zealand | Redmond, Washington, USA – 29 June 2015

Pushpay Holdings Limited (NZSX:PAY) (‘Pushpay’) is pleased to announce that it has secured a Research and Development (R&D) Project Grant from Callaghan Innovation.

R&D Project Grants support firms with smaller R&D programmes and those that are new to R&D. They typically provide support of 30-50% of eligible R&D costs. The grant allows for the co-funding by Callaghan Innovation of 40% of approved R&D spending by Pushpay, with a total possible allocation of $960,000 (representing 40% of $2.4 million) over a 17 month period.

Pushpay’s Chief Executive Officer, Chris Heaslip said, “We are very pleased to receive continued support from Callaghan Innovation. This funding, provides additional resources to deliver scale and growth in the Pushpay platform through the development of new features, new markets, and scalable engineering processes and practices. Pushpay will continue to drive innovation and focus on features that offer simpler, faster and more intuitive ways to make secure payments.”

ENDS

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