Expansion into agricultural vertical:Spenda and AgriChain have entered into a Binding Agreement to integrate
early payment services to grain growers onto the AgriChain platform.
Initial Spenda project NET revenue of up to $1.1m:Phase One of the program is expected to generate revenue of ~$1.5m per annum. Spenda and AgriChain will revenue share 75% : 25% respectively.
Scale up in Q1 2024:Upon successful completion of Phase One, Phase Two of the program is anticipated to scale up significantly in 2024.
Significant market opportunity:AgriChain has ~$2.2b in grain on their supply chain platform at any given point in time across 10,000 users and these transactions will run through Spenda’s payment platform over time.
Strong pipeline of activity:Spenda is well positioned to expand into livestock and horticultural markets under existing and new partnerships.
@Ballsup
Why would one delay above
Talk up fan club have all the answers
@Alabamawhorley red flag imo
Ann: Agrichain Update, page-21
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