https://spenda.co/swiftstatement-terms-conditions/
interesting read
we now have both members and suppliers on board one swoop
that’s potentially 30,000 customers over the following 2-3 years and growing
which means Spenda will have 60-70% control over the automotive industry within Australia and NZ, thus implementing cross border payments
the names of the members and suppliers are the who’s who of the industry, so what I like is the fact that this is only one product so far being commercialised and therefore it’s reasonable to think more is coming
it is also reasonable to think that the suppliers can have the ability to use this software for their own digital infrastructure and payments.
it is also reasonable to think that when full adoption is achieved that equals to $32m a year in software fees alone $90 x 30,000 x 12
we also have not touched on the increase of TPV associated with this partnership
it’s safe to say that in the coming years Spenda will have some solid growth in revenue and we are only talking about Capricorn
so really last Q the product was working live as part of the pilot program, therefore Spenda has met their timeline
(20min delay)