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Spenda Divests Ledger Platform to Cut Costs by $2.7M and Sharpen Growth Focus

9:48am on Friday 8th of May, 2026 AEST Technology
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Spenda Divests Ledger Platform to Cut Costs by $2.7M and Sharpen Growth Focus

9:48am on Friday 8th of May, 2026 AEST
Key Points
  • Ledger platform sold for $1.8 million
  • Annual cost savings of $2.7 million (45%)
  • CEO and CTO step down amid leadership reshuffle
  • Focus on scaling Spenda Pay, Retail, and licensed Ledger
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