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Highlights
- Cash receipts jumped 160% YoY to A$2.37 million
- Strategic sale of finance loan book boosts financial flexibility
- Strong momentum continues into April with forecasted A$4 million Q4 receipts
Spenda (ASX:SPX) is poised for a potential record-setting June quarter following a transformative third quarter of FY25, marked by strategic repositioning, stronger cash flows, and promising growth in software deployments. The fintech firm delivered key operational wins and continues to build momentum into the final quarter of the fiscal year.
A highlight of the March quarter was the divestment of Spenda’s invoice finance loan book through a transaction with Grapple Invoice Finance Fund Pty Ltd. The A$2 million deal—comprising upfront and deferred payments—enabled Spenda to unlock A$2.3 million in committed first-loss capital. Alongside this, a reduction in staff and related operational costs contributed to an annual cost saving of A$500,000. A two-year referral agreement was also signed, providing additional income streams on future client referrals.
Despite a sequential revenue dip from the December quarter, cash receipts surged 160% year-on-year to A$2.37 million, supported by diversified income channels. Operating expenses included one-off items totalling A$450,000, linked to licensing and compliance measures such as ISO 27001 certification and the establishment of an AFSL.
Spenda closed the quarter with A$1.25 million in cash and reported no drawn debt facilities. Post-quarter, the business secured a A$3 million term loan facility from Capricorn Society, offering enhanced working capital flexibility as it scales its commercial operations.
Significant traction was observed in Spenda’s software rollouts, particularly with its SwiftStatement platform deployed across Capricorn’s network. Thanks to new self-onboarding capabilities, onboarding time has dropped to under 30 minutes, with the platform now capable of supporting up to 2,000 installs weekly. Roughly 1,100 leads and 100 active users signal growing interest. Meanwhile, Carpet Court’s SOE platform expanded during Q3, with wider rollout plans set for Q4 FY25.
April’s preliminary receipts of around A$1.5 million set a strong pace for the June quarter, with full Q4 receipts projected to reach A$4 million. Growth will be driven by commercial software implementations and the expansion of virtual card capabilities. The company also eyes the commercial launch of Carpet Court SOE v1.0 and broader uptake of its payments suite—SpendaAR, SpendaAP, and the Payment Widget.
With enhanced cybersecurity credentials following its ISO 27001 certification, Spenda is positioning itself among promising ASX dividend stocks appealing to enterprise clients. As the company gains further ground, it contributes to the innovation momentum seen across the ASX200, underscoring the evolving role of fintech in Australia’s digital economy.
