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Spenda Delivers $7 Million Cost Savings and Strengthens Balance Sheet
9:59am on Friday 31st of July, 2026 AEST
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Technology
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Spenda Delivers $7 Million Cost Savings and Strengthens Balance Sheet
9:59am on Friday 31st of July, 2026 AEST
Key Points
Annualised cost savings of approximately $7 million achieved
Divestment of Spenda ledger technology platform to APG Pay completed
Capricorn Society increased stake to nearly 20% via $8.545 million entitlement offer
Strong transaction volume of $65 million monthly sustained
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