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Spenda Limited ( (AU:SPX) ) has issued an update.
Spenda Limited has shifted from a product-led phase to a sales and marketing-led growth strategy, underpinned by stable platforms and disciplined cost management. The company now focuses on accelerating customer adoption and recurring revenue across its three live products, with Spenda Pay, Spenda Retail and Spenda Ledger each targeting distinct revenue channels.
In the March quarter, Spenda launched Spenda Pay as a unified accounts payable platform, achieving around a 90% upgrade rate from its initial Capricorn Swift Statement customer cohort and about 30% onboarding and transaction commencement. The company reported record quarterly payment volumes of approximately $212 million, delivered around $4.5 million in annualised cost savings, advanced the national rollout of Spenda Retail with five Carpet Court stores onboarding, and bolstered sales and marketing capabilities using new CRM and AI-driven infrastructure to drive demand, conversion and scalable growth.
More about Spenda Limited
Spenda Limited operates in the financial technology sector, providing payments, accounts payable and retail workflow solutions to businesses. Its core products include Spenda Pay, an accounts payable and payments platform, Spenda Retail, a workflow and payments system for SMEs, and Spenda Ledger, embedded payments infrastructure for platforms and marketplaces, with a key partnership with APG Pay.
Technical Sentiment Signal: Sell
Current Market Cap: A$11.79M
Find detailed analytics on SPX stock on TipRanks’ Stock Analysis page.