Pushpay

Last updated

Pushpay Holdings Limited
Company type Private
Industry Software as a Service
Headquarters
Auckland, New Zealand | Redmond, Washington; Colorado Springs, Colorado, US
Key people
Molly Matthews, CEO [1]
Products Mobile payments, donor management system and a church management system
RevenueUS$181.1 million as at 31 March 2021
Number of employees
Approximately 405 across the USA and New Zealand
Website https://pushpay.com/

Pushpay Holdings Limited, known as Pushpay, is a donor management system for charities operating within the United States. In 2014 It was publicly listed on the New Zealand Stock Exchange (NZX), [2] and then the Australian Securities Exchange (ASX) on 12 October 2016 under the ticker code PPH, [3] before being taken private in 2023.

Contents

History

Pushpay was founded in 2011 by Chris Heaslip and Eliot Crowther. Heaslip served as CEO until he resigned from the company in 2019. [4] Molly Matthews, based at the company's Seattle office, became CEO in 2021, replacing interim CEO and board member Bruce Gordon. [5]

In November 2016, Pushpay acquired Bluebridge's church app related business.

Pushpay Holdings joined the NZX50 Index in December 2017 [6] and the ASX All Ordinaries Index in March 2018. The company was added to the S&P/ASX All Technology Index upon its launch in February 2020.

In December 2019, Pushpay acquired 100% of the ownership interests in Church Community Builder for a total cash consideration of US $87.5 million, subject to customary adjustments, funded through a combination of cash on hand and proceeds from an amortising senior secured debt facility of US $62.5 million. [7] [8]

In September 2020, the company released ChurchStaq, a suite including a church management system, mobile app, donor management and giving solution. [9]

In May 2023, Pushpay was delisted from the NZX and ASX after being acquired by Sixth Street Partners and BGH Capital. [10]

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References

  1. ↑ Morgan, Rick. "Pushpay taps Molly Matthews as its next CEO". Puget Sound Business Journal. Retrieved 9 March 2021.
  2. ↑ "Pushpay growing on tech and a prayer - NZX, New Zealand's Exchange". www.nzx.com. Retrieved 2024-05-25.
  3. ↑ "Pushpay Holdings Limited (ASX:PPH)". Intelligent Investor. Retrieved 2024-05-25.
  4. ↑ "Co-founder of Pushpay resigns". Radio New Zealand. 8 May 2019. Retrieved 20 September 2023.
  5. ↑ "Pushpay appoints Molly Matthews as new CEO, upgrades forecast again". New Zealand Herald. 12 Jan 2021. Retrieved 20 September 2023.
  6. ↑ "Pushpay Holdings Limited(NZSE:PPH) added to S&P/NZX 50 Index Gross". marketscreener.com. 18 December 2017. Retrieved 14 September 2021.
  7. ↑ "Pushpay expands leading engagement solution with app acquisition". NZX. 23 November 2016. Retrieved 14 September 2021.
  8. ↑ "Pushpay purchase church app for $3.1m". NZ Herald. 23 November 2016. Retrieved 14 September 2021.
  9. ↑ Carroll, Melanie (15 September 2020). "Kiwi company Pushpay set to double profit thanks to 'digital giving' US church-goers, analyst says". Stuff. Retrieved 28 February 2021.
  10. ↑ "Pushpay Holdings Limited ("PPH") – Intention to Delist". NZX Limited. Retrieved 20 September 2023.
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