Company
Spenda Ltd
ASX:SPX
Spenda Ltd (ASX:SPX) is an integrated business platform that enables businesses across the supply chain to sell better and get paid faster. Spenda is both a software solutions provider and a payment processor, delivering the essential infrastructure to streamline processes before, during and after the payment event. Their software enables the smooth flow of funds throughout a supply chain or network of buyers and sellers, from producer to end-consumer. Spenda displaces multiple, disparate systems in favour of one collaborative solution that improves transactional efficiency between businesses.
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Spenda delivers strong lending and revenue growth in September quarter: RaaS Advisory
The company’s focus in FY23 is on commercialising the Spenda product suite and accelerating the uptake of the lending offer via customer acquisition and expansion of activity in the target industry segment.
Spenda paves pathway to growth with $50 million debt warehouse facility
“Scaling our lending facilities through our debt warehouse puts the company in a strong position to capitalise on forecasted trends in business to business (B2B) payments,” MD Adrian Floate said.
Spenda releases Spenda accounts receivable v1.1 product to support growing payment flows
In March, the company has added A$150 million per annum in new payments business across various customers, of which Spenda’s average fee range is 1.25 - 1.4%.
Resources & Energy Group enters farm-in to develop and expand high-grade gold mine
The $4 million partnership with Sulphide-X aims to establish the Radio mine as a regional gold hub.