ASX-listed Spenda Limited, an innovative software company with embedded electronic payment solutions for supply chains and trading networks, has announced that it has completed the sale of its invoice finance portfolio to Grapple Invoice Finance Fund Pty Ltd via its subsidiary Spenda Cash Flow Pty Ltd, the entity servicing the Spenda’s invoice finance loan book.
Spenda announced that the completion occurred on Friday March 14, 2025 and, as detailed in the company’s previous announcement dated 24 February, 2025, the company received the initial consideration of $500,000 from Grapple. In addition, all security over the company and $2.3 million first loss capital has been released.
