Spenda Finalizes Agreement for Invoice Finance Portfolio Sale
February 24, 2025 - 11:59
Spenda Limited has announced the successful execution of an Asset Sale Agreement with Grapple Invoice Finance Fund Pty Ltd. This strategic move marks a significant step for the innovative software company, which specializes in providing electronic payment solutions and software across various supply chains and trading networks.
The agreement is expected to enhance Spenda's operational efficiency and allow the company to focus more on its core offerings. By divesting its invoice finance portfolio, Spenda aims to streamline its resources and strengthen its overall financial position. The transaction aligns with the company's long-term strategy to optimize its product suite and enhance shareholder value.
This development comes at a time when the demand for efficient financial solutions is on the rise, and Spenda is well-positioned to capitalize on emerging opportunities in the market. Stakeholders are optimistic about the potential benefits of this agreement, as it paves the way for future growth and innovation within the company.
MORE NEWS
July 22, 2026 - 10:10
DBS is First Bank in Southeast Asia to be Named "World's Best Corporate Bank" by Global FinanceDBS has been named the World`s Best Corporate Bank in the 2026 Global Bank Awards by Global Finance, a leading international financial trade publication. The recognition marks the first time a bank...
July 21, 2026 - 03:21
Senate needs VP financial docs to rule on unexplained wealthThe Senate court is demanding access to Vice President Sara Duterte`s financial documents to determine if she possesses unexplained wealth, according to Representative Chel Diokno. Diokno, a...
July 20, 2026 - 22:57
Students are now getting payments from $284M financial aid settlementThousands of current and former students at some of the nation`s most prestigious universities are now seeing payments land in their bank accounts. The money comes from a massive $284 million...
July 20, 2026 - 04:01
A financial planner explains why splitting your partner's $2,100 mortgage will leave you with nothing. And it's okayA financial planner is warning couples against the common practice of splitting a mortgage payment with a partner who holds the title alone. The scenario is familiar: one person buys a home, and...