Spenda Ltd (ASX:SPX), a company focused on streamlining business operations, is working to address challenges in the Australian business-to-business (B2B) payments sector. Through its integrated platform, Spenda aims to help businesses improve cash flow and reduce inefficiencies in financial processes, such as delayed invoice payments and disconnected financial systems.
The platform provides a suite of tools designed to automate workflow processes, from quoting to invoicing, payment and reconciliation. With this automation, the company aims to improve financial visibility and operational efficiency for businesses, particularly small and medium-sized enterprises (SMEs).
Addressing key business challenges
Spenda’s platform addresses several common pain points in B2B transactions, providing several key solutions:
- End-to-end digital workflow: Automating processes from quote to invoice, payment and reconciliation.
- Seamless data integration: Real-time ledger-to-ledger syncing to improve financial tracking.
- Flexible finance options: Embedded payment and credit choices.
- SwiftStatement: A tool for handling invoice delivery, reconciliation, and payment.
By reducing the time and resources needed for manual processing, Spenda aims to enhance cash flow and provide businesses with greater insight into their financial activities.
Platform differentiators and market focus
Spenda sees the platform’s combination of software-as-a-service (SaaS), payments, and lending features as setting it apart from other solutions in the market. The company uses a Node-to-Spoke strategy, initially targeting franchisors and expanding to suppliers and retailers. This approach aims to create a connected network of businesses to support more efficient B2B transactions.
Source: Spenda Investor Presentation, July 2025.
Spenda’s partnerships with Visa, Mastercard, and Fiserv expand its reach and position the platform to serve a growing base of businesses seeking integrated financial solutions.
Another key feature, SwiftStatement, is designed to bridge the gap between buyers and sellers, offering a streamlined process for invoicing and payment.
Growth trajectory and market opportunity
Spenda has shown consistent growth, with 2025 payment volumes reaching $363 million through the third quarter, representing a 101% year-on-year increase.
The company is also on track to double its cash receipts, which grew from $3.5 million in FY23 to $5.4 million in FY24 and are at $8.5 million through the third quarter of 2025.
Key customers, including Carpet Court, APG Pay and Capricorn, continue to use the platform, contributing to its expanding presence in the market.
With the Australian B2B payments market valued at $36.1 billion in 2024 and growing at a 7.6% compound annual growth rate (CAGR) across the APAC region, Spenda sees significant potential for continued growth. The market generates 1.2 billion B2B invoices annually in Australia, creating a large opportunity for Spenda to capture additional market share.
Corporate snapshot and key highlights
Spenda’s platform is supported by a recurring revenue model, offering a solid foundation for sustained growth. The company’s market cap stands at $27.7 million, with a share price of $0.006, and it continues to see consistent growth in payment volumes and cash receipts.
With its scalable platform, strong customer base, and established partnerships, Spenda is positioned to play a role in the evolution of B2B payments in Australia. Its focus on automating processes and providing financial insights could help businesses navigate the complexities of today’s payments landscape.