QuickFee expands Fancourt term loan by $3.42M, cuts margin to 8.1%
What's the deal? QuickFeeDealroom has a profile for this one. Try Dealroom → has raised an additional US$3.24M in post-IPO debt from Fancourt Capital GroupDealroom has a profile for this one. Try Dealroom →, doubling its term loan facility to US$6.47M. The ASX-listed fintech also cut the margin it pays from 10.0% to 8.1% per annum over the BBSY bank bill rate.
The terms: The facility runs for 42 months. QuickFee drew US$1.62M upfront, with the remaining US$1.62M available until February 28, 2027.
What's the endgame? QuickFee will use the money to boost liquidity, fund loan-book growth, and strengthen working capital. The facility, led by Fancourt, was first established in June 2025.
Why now? The top-up follows a year of expansion in QuickFee's Australian lending book: FY26 Australian transaction values rose 11%, and Q4 originations jumped 40%. That prompted the company to lift its Viola-backed receivables facility from US$29.1M to US$38.8M.
But demand is uneven. In Q1 FY27, Australian transaction values fell 4% year on year and revenue was flat at US$2.72M, though US originations grew 15%.
What's in it for Fancourt? The lender receives 1,282,051 warrants worth US$64.7K, based on QuickFee's closing share price on November 3, 2026. Each warrant converts into one ordinary share at no cost. Fancourt, which grew out of Wingate's principal investment business, holds stakes in firms overseeing US$7.76B in assets, including ORDE FinancialDealroom has a profile for this one. Try Dealroom → and NOW FinanceDealroom has a profile for this one. Try Dealroom →.
The signal: This is added funding flexibility, not fresh equity — half the new money is still undrawn. The lower margin cuts QuickFee's borrowing cost, but the loan remains separate from, and pricier than, its receivables financing.
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