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· Posted on
February 21, 2024

Church-tech company Pushpay receives takeover offers

Pushpay's caught the eye of devout investors as the industry gains heavenly momentum.

What's the key learning?

  • Pushpay is an ANZ church-tech company that helps churches process over US$7 billion worth of donations
  • The company's received unsolicited takeover offers from other companies, which sent its shares up 24%
  • As old school companies or organisations enter the new age, a large number of opportunities have emerged to fill the technology gap.

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👉 Background: Pushpay is an Aussie and New Zealand fintech that launched back in 2011. It's helped churches process over US$7 billion in donations, and digitally engage their community.

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👉 What happened: Now, the company's received tonnes of unsolicited acquisition offers from other companies looking to take it over.

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👉 What else: News of this sent the company's share price up nearly 24%. So, cheers to church-tech ⛪️ .

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What's the key learning?

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💡 As old school companies or organisations enter the new age, a large number of opportunities have emerged to fill the technology gap.

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💡 We've had:

  • Fem-tech, giving a serious upgrade to women's health products
  • Tax-tech, to rescue us with tax-time solutions, and now...
  • Church-tech (or faith-tech), which doesn't get a lot of airtime, but is an industry that's been dominating.

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💡 Church-tech is helping religious institutions that desperately need to innovate in order to stay relevant. And, with so many offers on the table, it looks like church-tech investors are keeping the faith.

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