In the first announcement by Cirralto (Spenda), the emphasis is on the signing of a binding agreement to provide funding services to eBev's trading network. Cirralto's subsidiary, Invigo, will offer debtor finance services, with an initial funding limit of A$1m, potentially expanding to A$10m. The primary focus is on the financial aspect, providing funding to facilitate the expansion of early payment capabilities for eBev's suppliers. It mentions a node-spoke strategy, blending finance solutions for liquidity at both ends of the supply chain, and hints at future services like Buy-Now, Pay-Later.
The second announcement by Spenda emphasises the integrated payments solutions partnership with eBev. Spenda is set to integrate its Pay-Statement-By-Link (PSBL) and Accounts Payable (AP) payments solutions into eBev's platform across the hospitality supply chain. The focus here is not solely on funding but on a comprehensive suite of integrated payment services, including B2C payments, e-invoicing, and card-blended finance. The second announcement talks about generating revenue from various streams, such as SaaS fees, B2C payment fees, and B2B card-blended finance revenue, showcasing a broader range of services that Spenda aims to provide in collaboration with eBev.
While both announcements involve financial services and partnerships with eBev, the first announcement from Cirralto emphasizes funding services, while the second announcement from Spenda highlights a more extensive integration of payment solutions across the hospitality supply chain.
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