An announcement from Spenda Limited ( (AU:SPX) ) is now available.
Spenda Limited has successfully completed the sale of its invoice finance loan book to Grapple Invoice Finance Fund Pty Ltd through its subsidiary, Spenda Cash Flow Pty Ltd. This transaction, finalized on March 14, 2025, resulted in an initial consideration of $500,000 and the release of $2.3 million in first loss capital. The sale is expected to impact Spenda’s operations by allowing the company to focus on its core software and payment processing services, potentially enhancing its industry positioning and providing benefits to stakeholders.
More about Spenda Limited
Spenda Limited is an innovative software company specializing in embedded electronic payment solutions for supply chains and trading networks. The company provides an integrated business platform that enhances business transactions by offering software, payments, and lending solutions. Spenda’s offerings include end-to-end e-invoicing integration, rapid ordering, digital trust, and automated reconciliation, creating a standardized operating environment for seamless data transfer across disparate software systems.
Average Trading Volume: 2,290,733
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$36.92M
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