Pushpay
👤 Chris Heaslip (A Kiwi who saw US megachurches — big, loyal, weekly-giving crowds stuck on cash and checks — as an ignored payments market.)🌐 sitechrisheaslip.com𝕏LinkedIn
Churches ran on cash and checks; Pushpay gave them a consumer-grade giving app and kept a percentage of the donations.
Will it work? · our read
Recurring tithes. Boxed into US faith orgs, organic growth slowed to 6%, and it exited via a 2023 take-private — a strong, finite business, not a hypergrower.
01How the money moves
Church subscribes to ChurchStaq: giving app, donor CRM, church software
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Congregation gives through the app — recurring and one-off donations
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Pushpay charges SaaS fees plus a margin on every donation processed
02The numbers
US$202.8MFiledFY22 revenue, up 13%
FY22 (ended Mar 2022)
All FY22 (year to 31 Mar 2022), filed with NZX/ASX. FY22 filed
Grew to US$214M (FY23) before its 2023 take-private.
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You have the verdict. Members get the work behind it.
- The CENTS scorecard — where it's strong, where it's soft
- The founder's key move, and the counter-move
- How it could die — the evidence, and how sure we are
- The case against our own call
- A 🚀 launchpad prompt — the case, as a plan for your business
We rate our own confidence — and argue against ourselves. Nobody else in this category does.
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See a full teardown, free → ImportYetiSourcesSources last checked 28 August 2026
Pushpay FY22 annual results announcement (NZX) — US$202.8M revenue, US$7.6B processed, 14,508 customers, 68% margin, US$62.4M EBITDAFFY23 results — revenue US$214.27M vs US$202.84M prior yearNZ Herald — Pushpay FY22 revenue up 13% to US$202.8m, 14,508 customersTake-private: NZ$1.34/share, about US$895M, Sixth Street + BGH Capital (2023)Pushpay — founders Chris Heaslip and Eliot Crowther (2011, NZ), history and acquisitions
Headline US$202.8M is Pushpay's FY22 operating revenue (year to 31 March 2022), reported in USD and filed with the NZX/ASX — FILED. Same source gives the FY22 tiles: US$7.6B processed, 14,508 church/nonprofit customers, 68% gross margin, US$62.4M EBITDAF, US$33.4M net profit. Revenue rose to US$214.3M in FY23 (MarketScreener). Pushpay was taken private in May 2023 at NZ$1.34/share (about US$895M) by Sixth Street and BGH Capital and delisted. Chris Heaslip co-founded the company in 2011 and was CEO until 2019; the peak-revenue years shown here fell under later management, so the founder credit is for building the model, not for running these specific FY numbers. We never score you.