Stockbroker Ord Minnett is in the market with a $40 million to $75 million raising for ASX-hopeful and mobile payments company Pushpay on Tuesday.

The broker is seeking to raise $40 million in an institutional placement from Australian investors, which would help the New Zealand company to list on the Australian Securities Exchange on October 11.

The broker is also taking bids for up to another $35 million of stock, which would come from a number of existing non-insider shareholders.

New Zealand-listed mobile payments company is seeking to raise money from Australian investors and list on the ASX. Glenn Hunt

Pushpay is a mobile payments company, targeting Church and religious groups, non-profit organisations and enterprises.

Ord Minnett was seeking bids by close of business on Tuesday.