Ann: Spenda BNPL Launched into Whola's Marketplace, page-68

Today's announcement is the tip of a very large iceberg in my opinion. Key takeaways from the announcement are as follows:
1. This is a rolling contract with no fixed term, indicating expected longevity
2. It clearly demonstrates the strong relationship between MasterCard and CRO, which is what the company tried to report unsuccessfully months ago
3. $1.2 m per year minimum revenue is very conservative, as early indications suggest a 60% take up, and, I would envisage that this will be much higher as more and more clients see the benefits (no mandates required LOL)
4.Other similar deals are clearly yet to be announced, but are referred to in the statement, 'investing in on boarding and regulatory technologies...to serve similar projects.' This is explains the $1.2 m being spent on upgrading the technical capabilities
5. The fact that it incorporates the COMMERCIAL scaling of a new payment processing and data collection with MasterCard alludes to the magnitude of expected transactions.
6. This is very timely in the run up to Xmas, but I think the real rerate of the shares will come in the December Q.
7. I would expect similar announcements to this in the next few months
EXCITING TIMES