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Pushpay is a mobile app thats make it as easy to give as it is to buy a song on iTunes.
Stuff.co.nz says Chris Heaslip and Eliot Crowther got the idea while they were sitting in church one Sunday. When the plate came round they found they did not have any cash, but they did have their phones.
Another story is that initial idea started while Crowther was queuing at a coffee shop and wondering why on earth anybody was still having to do that.
But eventuallly they chose to nurture fresh pastures – principally charity donations and things such as utility bill payments on the go.
Pushpay is marketed as “the fastest, free, and convenient way to buy stuff, pay your bills, support your favourite charities or give to your church.”
It allows you to,” make secure 10 second payments from your iOS or Android smart device.”
The business grew 10-fold in less than 10 months last year, going from average monthly revenue of $1m to $10m.
That intense growth meant the NZX-listed company led this year’s Deloitte Fast 50 with 4574 per cent growth, almost four times more than the second fastest growing company on the list.
They are now based in the Untied States. They have more than 5200 merchants, including five of the top 10, and 30 of the top 100 largest churches in the US, and processed more than US$1b in payments a year.
Pushpay will keep focusing on the US church market and is on track to reach $100m in average monthly revenue by the end of 2017.
More than US$119 billion (NZ$162b) was given each year to religious organisations in the US and there were more than 340,000 churches.
Pushpay now has more than 5200 merchants, including five of the top 10, and 30 of the top 100 largest churches in the US, and processed more than US$1b in payments a year.
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