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Spenda Accelerates Growth with Loan Book Sale and $3M Facility, Eyes Record Q4
3:44am on Monday 2nd of June, 2025 AEST
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Spenda Accelerates Growth with Loan Book Sale and $3M Facility, Eyes Record Q4
3:44am on Monday 2nd of June, 2025 AEST
Key Points
Cash receipts up 160% year-on-year to $2.37 million in Q3 FY25
Sale of invoice finance loan book to Grapple for $2 million completed
Secured $3 million Capricorn loan facility with flexible drawdown
Forecasting record Q4 cash receipts of approximately $4 million
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