LykeShares
ASX Mining News
Sign up
Login
Sign Up
(current)
Watchlist
Feedback
Advertise With Us
Profile
Home
Search
Watchlist
Advertise
Feedback
Profile
Carpet Court Completes Rollout of Spenda Payment Platform and Signs Exclusive Lending Agreement with Spenda Limited — ASX:SPX| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$SPX
Carpet Court Completes Rollout of Spenda Payment Platform and Signs Exclusive Lending Agreement with Spenda Limited
Carpet Court, the largest retail floor-covering specialist in Australia with over 200 member stores, has successfully implemented CC Spenda, a custom payment platform developed by Spenda Limited (ASX: SPX), a leading fintech company providing integrated payment and business solutions.
The implementation of CC Spenda allows Carpet Court to enhance its payment processes, optimize cash flow management, and improve overall productivity and efficiency. The platform also enables Carpet Court to offer its customers a wider range of payment options, including popular buy-now-pay-later (BNPL) services.
In addition to the payment platform, Spenda Limited has entered into an exclusive five-year agreement to provide lending services to Carpet Court stores, utilizing its $50 million debt facility. Under this agreement, Spenda Limited will extend working capital finance to Carpet Court stores, allowing them to extend payment terms by an additional 30 days. This flexibility enhances the accounts payable process for Carpet Court. Spenda Limited will generate revenue
...
See More
from funding fees associated with the extended credit, as well as software-as-a-service (SaaS) fees and transaction-related payment processing fees.
Spenda Limited is also launching a pilot program with Carpet Court to further integrate its services into individual stores. This includes implementing a standard operating environment, point of sale system, and offering service and supplier early settlement discounts. The pilot program presents new revenue opportunities for Spenda Limited, such as one-off implementation fees, ongoing monthly SaaS fees, and payment processing fees based on the volume of business-to-consumer (B2C) payments processed.
The partnership between Carpet Court and Spenda Limited marks a significant step forward in streamlining payment processes and improving financial operations for Carpet Court stores. With the successful rollout of CC Spenda and the exclusive lending agreement, Carpet Court and its customers can expect enhanced payment experiences and increased financial flexibility.
... View
0 Likes
0 Reply
?
L
Lykeshares
130d
Official
Berkshire is hoarding so. much. cash.
420 Views
2 Likes
0 Reply
?
L
Lykeshares
130d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
...
See More
rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
407 Views
1 Like
0 Reply
?
L
Lykeshares
161d
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
420 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
314 Views
2 Likes
0 Reply
?
L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
302 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
291 Views
1 Like
0 Reply
?
L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
1.1k Views
1 Like
0 Reply
?
Loading more...
Popular Stocks 🚀
Macarthur Minerals Limited
ASX:MIO | Materials
1.3k
Insmed Inc.
NASDAQ:INSM | Biotechnology: Phar…
486
Andromeda Metals Limited
ASX:ADN | Materials
1.1k
Excelsior Capital Ltd
ASX:ECL | Capital Goods
545
Genesis Energy Limited
ASX:GNE | Utilities
1.7k
Show more