- Payment solutions company QuickFee (QFE) has entered a trading halt as it awaits fresh funds
- Trading of shares will be paused until Monday or once the company releases more details about the capital raising
- In its most recent quarterly report, the company said its focus for the future was to grow its market share in the professional services space
- It is hoping to take advantage of the industry-wide shift towards digital invoicing and online payments
- Shares in the company were last trading at 10 cents each
Payment solutions company QuickFee (QFE) has entered a trading halt as it awaits fresh funds.
Trading of shares will be paused until Monday or once the company releases more details about the capital raising.
It is not yet known how much the company is looking to raise or where the funds will be spent.
In its most recent quarterly report, the company said its focus for the future was to grow its market share in the professional services space.
It is hoping to take advantage of the industry-wide shift towards digital invoicing and online payments.
The company finished the quarter with $7.7 million in cash and cash equivalents, representing a decline of $3.9 million since the start of the period.
Shares in the company were last trading at 10 cents each.