Business
Why the QuickFee (ASX:QFE) share price is falling 8% lower today
The QuickFee Ltd (ASX: QFE) share price is taking a ride downwards today following the release of first-half results. Despite the growth in buy now, pay later (BNPL) revenues, shareholders appear to be making a quick dash for the door.
After plummeting to a low of 42 cents this morning, the QuickFee share price has clawed back some ground and is currently trading at 46 cents, down 8%.
Why’s the QuickFee share price dropping?
Australia growth not so good
QuickFee is a little different to the likes of Afterpay Ltd (ASX: APT), Zip Co Ltd (ASX: Z1P) and other consumer-facing BNPL companies. In contrast, QuickFee provides instalment systems and lending to services firms – or in other words, business to business. This is similar to…
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