Pushpay eyes acquisitions as cash flow fills collection plate

Wed, 06 Nov 2019

Pushpay Holdings has its eyes on buying other companies to aid its long-term goal of attracting more than half of America's medium and large churches as positive cash flow fills its coffers.The digital church collection payment app maker started generating a positive operating cash flow over the past 12 months, and that stepped up to US$8.9 million in the six months ended Sept. 30 from about US$2 million in the March period. That turned around an outflow of US$5.1 million a year earlier. Pushpay was sitting on US$9.9 million in cash at Sep...

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