Spenda welcomes deal with national flooring retailer Carpet Court
July 14, 2023 at 11:41 am EDT
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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.
The software platform also allows Spenda to offer lending services across the entire Carpet Court network, underscoring a complementary five-year lending deal with the flooring specialist.
"The Spenda solution is rich in functionality and as such it can often be difficult to showcase the full capabilities of our software in a way that our investors can easily digest,” Floate said in a press release on the roll out.
“The Carpet Court roll out has allowed us to show how we phase an implementation and monetise Spenda's services in clear stages, from acquiring a Node and delivering initial services to the connected Spoke network, and now further upgrading the Spokes with a working capital financing solution, retail software and additional payment infrastructure."
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Spenda Limited is engaged in the development and commercialization of technological assets. It enables modernization of business information technology (IT) systems via conversion, migration, and management of server-based legacy data and systems to the cloud, as well as providing customers with tailored payment and lending solutions. Its segments include SaaS and payments, and lending. The SaaS and Payments segment is engaged in the provision of software as a service to business customers and merchant payment services. The Lending segment is engaged in the provision of lending services to business customers. It creates an industry standard operating environment that enables the effective and seamless transfer of data from multiple, disparate software systems in one standardized technology solution. It offers a payments solution to remove friction across a closed loop and decentralized marketplace, such as franchise networks, member organizations or agricultural supply chain networks.