Spenda Ltd (ASX:SPX) managing director Adrian Floate sits down with Jonathan Jackson in the Proactive studio to discuss Limepay’s master services agreement with Lessn to process its entire payment volume through Limepay’s transaction processing gateway.
This agreement increases Limepay’s payment volumes by approximately 40% to $167 million per annum, reinforcing Spenda’s strategic decision to acquire Limepay.
The two-year exclusivity agreement includes the integration of Limepay’s white-labelled payment widget on Lessn’s platform, which facilitates payment services for SMEs, bookkeepers and finance teams.
Lessn chose Limepay following the signing of several new contracts that forecast strong growth. The payment volume transition to Limepay is scheduled around October 15, allowing for technological integration.
Floate spoke about the partnership, its potential for joint growth and highlighted the importance of selecting a partner that could support the expected 550% increase in payment volume, citing strong commercial and cultural alignment with Limepay/Spenda.