It's just the beginning for Spenda!, page-3600

Winner55 - September 2021



1. CRO is not just a software company and not just a Fintech,so has no real competitors- It has integration capability, payment capability and non-lending capability. As such, they aim toshapethe way money moves through the economy.
2. Up to now they were in the 'crawl phase' of their growth, but now he described it as a 'fast walk', heading towards 'running' AF said, "Tomorrow is coming now" and they are set to scale 'well beyond our shores"
3. They have moved heavily into the trade finance and and Agribusiness sectors and have an aggressive approach to market in these spaces
4. They are now pushing into the 'sell now/pay' later space, not just BNPL
5. A number of announcements are coming soon- he particularly mentioned Aussie producers sending to foreign markets- the move to global utilization.
6. They are now able to attract lending from traditional lenders so that CRO become the Administrator of debt lending.
7. The debt warehousing announcement is coming soon- this is a portfolio approach with more than one institution underpinning it, including some foreign structuring. He alluded to the warehouse being in the $200m to $500m vicinity initially.
8. The global focus was present in everything he said and the statement, 'allow us to be a household name' is a compelling hint at the future. He also said they see global opportunities in both the developing and developed world. Current and future partnerships will have a significant impact on how they access global opportunities and that these are 'clear and present opportunities now'.
9.He alluded to talks with the Government, specifically in the field of export, and said, 'Govt departments are implicitly involved'
10. The team is expanding and money will need to be spent on expanding the team and global expansion- again, debt warehousing will make this information clearer in the near future.
11. News on Spenda Wallet and Pay by Link is imminent
12. AF was cautious in what he said about MasterCard's 13 partners- clearly this is a muzzle point, but he dis say there would be announcements around this soon.
13. Covid has had a generally positive impact, but has prevented the roll out of a specific product in NSW and Vic.
14. Mining opportunities are there and on the radar.
Finally, and most tellingly, his closing statement sums it all up- We believe shareholders will berewarded handsomely for sticking with the company.


DYOR