Spenda Limited (AU:SPX) has released an update.
Spenda Limited reported a 77% year-on-year increase in customer cash receipts for Q3 2024, reaching $1.45m, and a strengthened balance sheet with a cash balance of $10.5m, thanks to a recent $7.175m investment by Capricorn Society. Payment volumes grew by 140% compared to the previous year but saw a seasonal dip of 16% quarter-on-quarter. The company is scaling up resources to capitalize on its strong pipeline of contracted work and has commenced promising partnerships and product rollouts, including with Carpet Court and the new AirPlus virtual card program.
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