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.