It's just the beginning for Spenda!, page-233

definitely needed my second coffee… rubbish numbers above. If $24mio was the result of a monthly flow of invoices then 1% per month would generate just 3x1%x$8mio so about $250k. it does not quite add up, but I think we can dig further…

my assumption is that the MoneyTech facility is for invoice finance. They’ve drawn about $5mio and are pledging another $1mio (the bit they repaid in this quarter). So with 1% per month that would be an income of $180k this quarter before funding costs (what “we” are paying to MoneyTech).

that leaves $7mio in other lending. If we assume a 20% annual return then you get $350k if fully deployed.

total $530k. We are getting close to the $615k. Add some fees related to payments, and we’re getting there…

again, we need far more transparency! Specifically, breakdown of lending by products showing notional, income and funding costs, and as many here have asked before, breakdown of Saas revenues showing number of customers, and types of revenues (payments, software).

if they’re reading those threads, and I guess we now know they do, then maybe we’ll get our wishes soon! Shall we compile a list? (-: