Spenda (ASX:SPX) Unveils Next-Gen Corporate Credit Platform to Drive Growth Across APAC

June 29, 2025 08:00 PM PDT | By Team Kalkine Media

Spenda (ASX:SPX) Unveils Next-Gen Corporate Credit Platform to Drive Growth Across APAC — Image source: Shutterstock

Strong Revenue Potential with Scalable Model

With the rollout of the new credit platform, Spenda projects recurring monthly gross profits of approximately A$140,000, which translates to an anticipated annual figure of A$1.7 million. This does not include additional revenue from transaction fees and platform service charges, indicating further upside potential.

The platform officially launches on 1 July 2025 and will first cater to corporate travel clients across Australia, New Zealand, Hong Kong, and Singapore. The solution will gradually replace the legacy AirPlus Business Credit product. Over time, the offering will expand to other key B2B segments including automotive, real estate, trade services, and the supply chain sector. Current Spenda clients like Carpet Court are among the early adopters.

10-Year Strategic Exclusivity Fuels Long-Term Vision

As part of the collaboration, Spenda and APG Pay have agreed on a 10-year exclusivity period with an optional 10-year extension. This long-term arrangement highlights the confidence both parties have in the platform’s scalability and performance. The structure of the agreement also ensures profit-sharing aligned with transaction volume, reinforcing mutual incentives for sustained growth.

Although Spenda is not currently listed among the ASX 200 stock, this move enhances its strategic positioning and sets the stage for broader industry influence in the embedded finance space.

By embedding credit solutions directly into its software stack, Spenda is transitioning into a platform-centric model designed to offer streamlined credit access for B2B clients without direct lending exposure. This evolution could significantly reshape how finance is delivered across multiple industries in the Asia-Pacific region.

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