When is the First Phase of Spenda's Integrated Payment Solutions Rollout Scheduled?

Spenda and eBev: Revolutionizing Payment Solutions in the Hospitality Industry

Introduction to Spenda and eBev Partnership
Spenda Limited, an innovative software company specializing in electronic payment solutions, has announced a groundbreaking partnership with eBev Pty Ltd, a software provider revolutionizing beverage transactions in the hospitality sector. This collaboration aims to offer integrated payments solutions across the eBev marketplace, significantly impacting the hospitality supply chain.

Strategic Rollout and Commercial Phases
The partnership's first phase will involve rolling out integrated payments solutions to 100 initial clients over three months, starting in early 2024. This phase is expected to generate substantial annualized revenue for Spenda. The second phase, commencing in Q4 FY24, aims to expand these services to a broader range of stakeholders in the eBev marketplace.

Revenue Streams and Financial Projections
Spenda is set to diversify its revenue through various streams, including Software as a Service (SaaS) fees, Business-to-Consumer (B2C) payment fees from Point of Sale (POS) terminals, and Business-to-Business (B2B) card-blended finance revenue. This diverse revenue model is anticipated to yield an annualized revenue of $800k initially, with significant growth potential upon the full commercial rollout.

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eBev Marketplace: A Hub of Opportunities
eBev's platform, with over 2,500 licensed premises and a catalog of approximately 70,000 products, presents a vast market opportunity for Spenda. The eBev ecosystem processes a staggering $13. 6 billion in transactions annually, offering a substantial revenue potential for Spenda's integrated payment solutions.

Innovative Payment Solutions
Spenda's Pay-Statement-By-Link (PSBL) and Accounts Payable (AP) payment solutions will be integrated into eBev's platform, enhancing transaction efficiency across the hospitality supply chain. These solutions facilitate B2C payments through both physical and virtual terminals, e-invoicing services, and advanced payment options. Additionally, Spenda, in partnership with AirPlus, will offer pre-approved virtual Mastercards for card-blended trade finance, further diversifying its service offerings.

Spenda's Unique Market Position
Spenda's approach to removing friction across decentralized marketplaces and networks is highlighted in this partnership. The company's ability to integrate end-to-end e-invoicing, rapid ordering, digital trust, and automated reconciliation positions it uniquely in the market. Spenda's industry-standard operating environment (SOE) enables seamless data transfer across multiple software systems, offering tailored financing solutions to improve clients' working capital efficiency.

About eBev
eBev is transforming the way licensed venues manage their beverage transactions by creating a digital community of buyers and sellers. The platform supports over $200 million in annualized orders and offers an extensive range of products from a vast network of suppliers, making it an influential player in the hospitality industry.

Spenda's Expanding Partnerships

This partnership with eBev, along with recent agreements with other significant players like Carpet Court, AgriChain, and Capricorn, demonstrates Spenda's commitment to layering recurring revenue streams and expanding its market influence.

The strategic alliance between Spenda and eBev marks a significant advancement in payment solutions within the hospitality industry. By integrating innovative payment technologies into eBev's extensive marketplace, this partnership is poised to streamline financial transactions across the supply chain, enhancing operational efficiency and financial growth for both entities.

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