Church donation and management software company Pushpay has been sold to a consortium linked to a Melbourne-based private equity firm, and will be delisted from the ASX and NZX. Existing shareholders will be paid $1.42 per share, and it is expected the delisting will occur on May 12. The sale was made to Pegasus Bidco. Read more
Posts Tagged ‘Church Donations’
Kiwi church payment company Pushpay to delist after sale for over $1.6 billion
Thursday, May 11th, 2023Pushpay moves into Catholic donations market
Thursday, November 11th, 2021The donor management system software company Pushpay has reported a strong first-half net profit driven up by volume and revenue growth. There had been an increase in the number of donors switching from cash to digital over the six-month period as a result of the pandemic, and those numbers were holding steady. The company’s expansion Read more
Pushpay profit doubles as churchgoers favour cashless tithing during Covid-19
Thursday, November 5th, 2020Helping churchgoers make safe, digital donations during the Covid-19 pandemic has proved a boon for Kiwi company Pushpay, which doubled its first-half profit. After-tax profit jumped to US$13.4 million (NZ$19.6m) in the six months ended September 30, up from US$6.5m last year, while revenue rose 51 per cent to US$86.6m. Founded in Auckland by Christians Read more
Pushpay app helping churches and communities
Thursday, December 13th, 2018Pushpay is a New Zealand company that started by offering an electronic payment mechanism, allowing people to charge their “giving” to a credit or debit card so they could give money at the touch of a button. Established seven years ago, Pushpay is now one of the world’s fastest-growing SAS (software-as-a-service) companies. It has gone Read more
Church attendance influences donations, generosity
Monday, October 30th, 2017
Church attendance influences the likelihood of congregations to donate to religious institutions, a report from Giving USA has found. It also influences how generous the donations are. The report says “Most strikingly, those attending religious services once a month or more make an average annual religious contribution of $1,848, while those attending religious services less Read more
NZ company Pushpay makes megabucks helping churches take up the collection
Friday, November 18th, 2016
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 Read more
Pope tells benefactors Church doesn’t need ‘dirty money’
Friday, March 4th, 2016
Pope Francis told Church benefactors who profit from exploitation of workers to take back their donations and “burn it.” “I think of some benefactors of the Church that say ‘take this offer for the Church,’ and it is profit from the blood of those abused, treated as slaves, workers with poorly paid jobs,” the pope Read more
Pushpay: Kiwi ingenuity creates electronic collection plate
Tuesday, December 8th, 2015
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 Read more
Judge criticises Church for putting pressure on Pasifikans to donate
Friday, December 20th, 2013
A Palmerston North judge has criticised the cultural pressures put on Pacific Islanders to give money to churches in New Zealand. His criticism came after a woman stole more than $27,000 from her workplace to keep up payments to her church. Ana Fangaiuiha, worked for Countdown in Palmerston North for five years, and was promoted Read more
Church Donations Burden the Poor
Sunday, February 5th, 2012
A former diplomat who asked for his name to be withheld for “obvious reasons” says church donations burden the poor and they should be bold enough to “at least admit” that it contributes to hardship within families. He said the church needs to stop being “ignorant” about the plight of poor people who are “slaving” Read more