Highlights
- Spenda (ASX:SPX) finalizes the sale of its invoice finance loan book.
- The transaction includes an initial $500,000 consideration and security release.
- A new Investor Hub launched to enhance shareholder engagement.
Spenda (ASX:SPX) has successfully completed the sale of its invoice finance loan book to Grapple Invoice Finance Fund Pty Ltd. The deal, executed through its subsidiary Spenda Cash Flow Pty Ltd, marks a significant step in the company's strategic financial management. The transaction was finalized on March 14, 2025, with an initial consideration of $500,000 received by Spenda.
As part of the agreement, all security tied to the company has been released, along with $2.3 million in first-loss capital. This move is expected to provide greater financial flexibility and streamline the company’s focus on its core business operations.
The sale aligns with Spenda's broader strategy of optimizing its financial structure and reinforcing its market position. By reallocating resources, the company aims to strengthen its digital transaction ecosystem and enhance offerings that drive efficiency for businesses across various industries.
In addition to this development, Spenda has introduced a new interactive Investor Hub, designed to improve communication and engagement with shareholders, stakeholders, and prospective investors. This platform offers an in-depth look at company activities, financial insights, and direct access to the leadership team, fostering transparency and collaboration.
With this streamlined approach to financial management and investor engagement, Spenda continues to position itself for future growth in the evolving financial technology landscape.