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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.
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| 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 |
| Revenue | US$181.1 million as at 31 March 2021 |
Number of employees | Approximately 405 across the USA and New Zealand |
| Website | https://pushpay.com/ |
History
editPushpay 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]
References
edit- ^ Morgan, Rick. "Pushpay taps Molly Matthews as its next CEO". Puget Sound Business Journal. Retrieved 9 March 2021.
- ^ "Pushpay growing on tech and a prayer - NZX, New Zealand's Exchange". www.nzx.com. Retrieved 2024-05-25.
- ^ "Pushpay Holdings Limited (ASX:PPH)". Intelligent Investor. Retrieved 2024-05-25.
- ^ "Co-founder of Pushpay resigns". Radio New Zealand. 8 May 2019. Retrieved 20 September 2023.
- ^ "Pushpay appoints Molly Matthews as new CEO, upgrades forecast again". New Zealand Herald. 12 Jan 2021. Retrieved 20 September 2023.
- ^ "Pushpay Holdings Limited(NZSE:PPH) added to S&P/NZX 50 Index Gross". marketscreener.com. 18 December 2017. Retrieved 14 September 2021.
- ^ "Pushpay expands leading engagement solution with app acquisition". NZX. 23 November 2016. Retrieved 14 September 2021.
- ^ "Pushpay purchase church app for $3.1m". NZ Herald. 23 November 2016. Retrieved 14 September 2021.
- ^ 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.
- ^ "Pushpay Holdings Limited ("PPH") – Intention to Delist". NZX Limited. Retrieved 20 September 2023.