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Spenda and APG Pay Launch $50M Corporate Credit Platform for Asia-Pacific B2B
10:11am on Monday 30th of June, 2025 AEST
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Technology
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Spenda and APG Pay Launch $50M Corporate Credit Platform for Asia-Pacific B2B
10:11am on Monday 30th of June, 2025 AEST
Key Points
Spenda and APG Pay enter 10-year exclusive technology and funding agreement
Initial $50 million capital committed by APG to develop closed-loop corporate credit platform
Platform launch set for July 1, targeting AirPlus travel customers in Asia-Pacific
Revenue-sharing model expected to generate approximately $1.7 million annual gross profit
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