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The latest announcement is out from Spenda Limited ( (AU:SPX) ).
Spenda Limited has entered into a strategic partnership with APG Pay Pty Ltd to develop and launch a closed-loop corporate credit platform aimed at the B2B payments space. This platform will initially focus on the travel industry and is expected to generate significant recurring gross profit, with a revenue-sharing model in place. The partnership includes a 10-year exclusivity agreement, with an option to extend, and positions Spenda to expand its footprint across Australia and the Asia-Pacific region by transitioning clients from the AirPlus portfolio and integrating APG’s credit products into its software stack.
More about Spenda Limited
Spenda Limited is an innovative software company that provides workflow software, embedded finance, and payment solutions across supply chains and trading networks.
Technical Sentiment Signal: Sell
Current Market Cap: A$27.69M
Find detailed analytics on SPX stock on TipRanks’ Stock Analysis page.