Pushpay Holdings Limited - Download Full PDF Report 30 Pages, Incl. Disclaimers
CLARE CAPITAL – PUSHPAY RESEARCH REPORT – JUNE 2015

Clare Capital is providing an upwards revision of its 12 month target price for Pushpay to $4.92 per share, almost 25% above the current price of $4.00.

Along with a calibration of financial performance to date, this upwards revision is based on the inclusion of volume based transaction fees.

Pushpay provides mobile commerce tools facilitating fast, secure and easy non-point of sale payments between consumers and merchants. Pushpay services three target markets: the Faith Sector; Non-Profit Organisations (NPOs) and Enterprises.

In the case of the Faith Sector, donations underpin the viability of their organisation. Pushpay’s product targets electronic and, in particular, mobile donating, or as the Company’s slogan says “What if giving was simple?” The business model, in principle is simple, adding value to the churches by providing software applications that make it easier for the attendees to donate/“give”.

Pushpay not only provides the software to facilitate payments, but also collects volume based transaction fees on these payments…

Most SaaS companies provide the client with a product that makes an aspect of their business easier in return for a monthly recurring fee. Pushpay do this via a product which makes donating and paying easier, but they also collect a percentage of the transaction volume passing through their platform – this is a key element of their story and a key differentiator to many other SaaS companies. (extract from release link to full report below)

Data Snapshot - Market Pushpay Holdings Limited - CLARE CAPITAL – RESEARCH REPORT – JUNE 2015
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