In my opinion, this announcement is a huge win for Spenda. The exclusive two-year agreement between Limepay and Lessn is a game changer that will significantly boost Spenda's revenue and market presence.
By securing this deal, which will increase Limepay’s payment volumes by 40% to $167 million annually, Spenda is poised to see at least $1 million in additional annual recurring revenue. What stands out to me is how well this partnership aligns with Spenda’s strategic growth goals.
The integration of Limepay’s white-label payment technology with Lessn’s platform is exactly the kind of move that will help Spenda scale rapidly alongside a high-growth partner.
To me, this not only justifies the acquisition of Limepay but also solidifies Spenda’s position as a key player in the payments and fintech space. Overall, I see this as a major step forward in Spenda’s growth strategy, with significant potential for increased revenue and expanded market reach.
Slowly but surely.... (about bloody time!)
SPX Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)