Spenda Limited (AU:SPX) has released an update.
Spenda Limited’s subsidiary Limepay has struck a lucrative two-year deal with Lessn to handle all their payment processing, promising to boost Limepay’s annual revenue by approximately $1 million. This partnership is expected to increase Limepay’s payment volumes by 40%, reaching nearly $167 million per year, significantly advancing Spenda’s strategic goals. The integration, set to commence around mid-October 2024, represents a pivotal step in supporting Lessn’s projected 550% growth in payment volume following the onboarding of a major customer.
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