Ann: 10-year service agreement & investment terms with Capricorn, page-39

Well thats the news we needed. Its absolutely massive, Capricorn to take a 10% stake in the company! Then what do you think they will do? Just sit there and watch? No way!

IMO They will send out their internal sales team of some 175 reps and probably flog the Spenda platform and all its services to as many of the 26000 members and 2000 SUPPLIERS as they can. Oh and who are Caps suppliers? Only some of the biggest manufacturers and distributors on the planet. Cap will want to create their own Spenda network with many many thousands of users. This could be huge, forget about the 100 grand a month in software, this is millions a month easily once Cap starts pushing Spenda into its network.

what Spenda is doing is truly disruptive technology now and it has the potential to go viral due to the ease of inviting others into the network. Also for Spenda their overheads do not have to rise massively, the software is there and they, unlike After Pay etc dont have endlessly spend huge sums of money to advertise and promote to get business! Well done Spenda team! This is massive and just the beginning i think.