DAILY VOLUME UPDATE, page-448

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    Limepay Payment Processing MSA with Lessn
    During the quarter and pre completion of the acquisition of Limepay by Spenda, Limepay executed
    a Master Services Agreement (“Agreement”) with Lessn to acquire and process their entire payment
    volume, utilizing Limepay’s payment platform.
    When Lessn is onboarded, the Agreement will result in an immediate increase to Limepay’s current
    PV by ~40% to ~$167m per annum.
    The Agreement will see Lessn implement Limepay’s white labelled payment widget product, to
    enable payment services on Lessn’s platform. The catalyst and the need to move to Limepay by
    Lessn was driven by Lessn securing several contracts that substantially grow their business and
    payment volumes.
    The delivery of the Lessn agreement cements ~40% growth in Limepay’s ARR, with revenue growth
    from the new contract wins expected to substantially grow Lessn’s payment volumes
 
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