A fast growing New Zealand-based company has developed Pushpay, an app that allows you to use your mobile to give a donation to your church in ten seconds.
Pushpay provides mobile tools that help make payments easy between consumers and merchants and is geared to mobile charitable giving.
Some 93 percent of Pushpay’s merchant clients are located in North America, with 7 percent across Australasia.
For the six months ended 30 September 2015, Pushpay exceeded its targets by 11 percent having increased merchant numbers by 111 percent, CEO, Chris Heaslip said.
It ended the half year with 2,102 merchants out of a faith sector including 314,000 churches with an average size of over 500 attendees.
During the period, Pushpay launched additions to its payments technology including eChurch Apps, Pushpay Fastpay and Virtual Terminal/Envelope Giving.
Pushpay Holdings increased its first-half loss while revenue more than tripled.
The company boosted spending on product development and sales in a bid to attract US churches to its system.
The Auckland-domiciled, Redmond, US-headquartered company posted a net loss of $6.1 million, or 12 cents per share, in the 6 months ended Sept. 30, from $2.6 million, or 7cps, a year earlier, it said in a statement.
Revenue jumped 290 percent to $6.3 million, while expenses rose 176 percent to $12.4 million.
Pushpay has a staff of 143, most of whom are in sales roles.
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