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Payments solutions provider, Spenda Ltd (ASX:SPX) today announced it has signed a ten-year service agreement to provide software and ecommerce payments infrastructure to Capricorn Society Ltd, a member-based organisation that supports businesses in the automotive industry.

Spenda Ltd has appointed a seasoned payments consultant David Laird as a non-executive and independent director as the company gears up for its transformation into an industry leader.

Spenda Limited (ASX:SPX) has officially launched its Payment Facilitator (PayFac) merchant payment services after an eight month Program of Works (PoW), with the immediate implementation of customer merchant services totalling $100 million in annual payment volume and an estimated $1 million in new Annual Recurring Revenue.

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Spenda Ltd (ASX:SPX) MD Adrian Floate tells Proactive the CC Spenda Platform has been successfully rolled out across Carpet Court’s store network. The fintech stock will deploy infrastructure to support transactions across a growing network of more than 200 Carpet Court stores, which bring in roughly A$500 million in annual retail sales.

Having now completed the rollout of its payment platform across a number of Carpet Court stores, Spenda Limited (ASX: SPX) is now deepening its relationship with the retailer, signing a five-year exclusive agreement to offer lending services to stores across the newly completed network.

Spenda Ltd (ASX:SPX) has clocked a 73% increase in the utilisation of its debt warehouse facility, further drawing $2 million since the end of the March quarter.

Spenda Ltd (ASX:SPX) has raised $3.9 million in a private placement, surpassing its initial goal thanks to overwhelming support from new sophisticated and professional investors as well as existing shareholders, the board of directors and management.

Spenda Ltd (ASX:SPX) is now the preferred supplier of Capricorn Society Ltd to deliver the first phase of its Digital Service Delivery (DSD) initiative.

Spenda (SPX) has invested $1.025 million into blockchain data partner Fresh Supply Co (FSCO) in an effort to bolster its presence in the agricultural business sector.

Payments technology provider Spenda has announced that it will roll out its software and payments platform across the franchise network of flooring retailer Carpet Court.