Spenda Ltd (ASX:SPX) MD Adrian Floate speaks with Proactive following the news the company has signed a binding term sheet for a 10-year service agreement with Capricorn for the provision of software and e-commerce payments infrastructure, subject to the successful completion of the final phase of the Digital Services Delivery initiative which is expected later this year. Spenda will receive $443,000 upon successful completion of the final phase, as well as $1.3 million in initial development fees for commercial launch in 2024 and minimum recurring revenue of $100,000 per month software licensing fees, scaling over 10 years.
Spenda talks transformational commercial opportunity with Capricorn
