Spenda Limited (ASX: SPX) announces that its subsidiary, Limepay Pty Ltd, has successfully finalized a Master Services Agreement with HospoPay Pty Limited. This agreement empowers Limepay to manage payment volume efficiently using its cutting-edge transaction processing gateway. Through this strategic alliance, Lessn will seamlessly integrate Limepay’s white-labeled payment widget product to offer top-notch payment services on Lessn’s platform.
This collaboration is projected to significantly boost Limepay’s current payment volumes by approximately 40% to around AU$167 million annually. Lessn’s decision to transition to Limepay is driven by the pursuit of significantly higher Annual Recurring Revenue following the proposed Limepay acquisition. The signing of the Lessn agreement marks a remarkable 40% growth in Limepay’s ARR, with even more substantial revenue growth anticipated from this impactful partnership.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
