In 2021, the company successfully completed three strategic acquisitions which bolstered capabilities in lending and finance, a critical step in Spenda’s transition from a pure SaaS company to a SaaS, B2B payment and lending solutions provider, in turn providing a diversified revenue stream.
BPSP and BPA agreements withVisa (NYSE:V) and Mastercard (NYSE:MA)respectively deliver improved margins and a competitive advantage to acquiring new customers.
New Customers ????and diversified revenue steam ????
Nearly 2 years on and revenues declining
DYOR
Positive SPX, page-19
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