what seems to be a Spenda V2 announcement tomorrow morning bring in BNPL facilities (notice mention of both payments & financial services) plus the merger in December bringing 2,200 customers should hold this business in good stead longer term. There is no perceived issues with cashflow with increased margins (as you’d expect with tech as a service). Cashflow is further supported by massive R&D grant the business is tapping into. Will look back at some point and wish we’d bought more I reckon.
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