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Pushpay targets 10% of US annual giving as it moves forward US listing date

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12.01.2018

Pushpay Holdings exceeded its target of US$100 million in annualised committed monthly revenue and will move forward its US listing date as it continues to target bigger churches.

ACMR, the company's preferred metric which measures total billings through merchants that Pushpay collects fees from, was US$106.4 million in the three months ended Dec. 31, 2017, from US$57.9 million in the December 2016 quarter. Average revenue per customer rose to US$1,233 per month in the quarter, from US$785 per month a year earlier.

The company, which announced it had hit the US$100 million ACMR target on the first trading day of the year, said its medium-term goal is US$10 billion in annualised monthly payment transaction volume, or 10 percent of annual giving. It wants to engage over 50 percent of the medium and large church segments, which it says would mean US$1........

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