If Spenda has reached $750 million in payments from its first commercial partner, Carpet Court, and a trial with 100 Ebev venues, the future looks very promising, especially with the planned rollout to all 2,800 Ebev venues and the involvement of Capricorn, which processes $3.4 billion in payments per year. Here's how FY25 could potentially look:
1. **Ebev Rollout**:
- The trial with 100 Ebev venues has contributed to the current payment volume. Expanding this to all 2,800 venues should significantly increase transaction volumes.
- If each Ebev venue contributes proportionally to the payment volume as in the trial, we could see substantial growth. For instance, if 100 venues contribute $50 million (as part of the $750 million), then 2,800 venues could contribute around $1.4 billion.
2. **Capricorn Partnership**:
- Capricorn processes $3.4 billion annually. Even capturing a portion of this volume in the initial phase could result in a significant boost. Assuming Spenda captures 50% of Capricorn’s payments in the first full year, that would add $1.7 billion to the payment volume.
3. **Conservative and Aggressive Estimates**:
- **Conservative Estimate**: If the rollout to Ebev venues and the Capricorn partnership progresses gradually, Spenda could realistically aim for at least $2 billion to $2.5 billion in payments processed in FY25.
- **Aggressive Estimate**: If the rollout is swift and Spenda captures a larger share of Capricorn’s payments more quickly, the total payments processed could exceed $3 billion, potentially approaching $3.5 billion or more.
### Summary
Given the planned expansions and partnerships:
- **FY25 Conservative Projection**: $2 billion to $2.5 billion in payments processed.
- **FY25 Aggressive Projection**: $3 billion to $3.5 billion or more in payments processed.
These projections are based on successful execution of the rollout and partnerships, as well as continued growth in Spenda's existing operations. The actual figures will depend on how well these initiatives are implemented and market conditions during that period.
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