ASX-listed Spenda Restricted, an modern software program firm with embedded digital fee options for provide chains and buying and selling networks, has introduced that it has accomplished the sale of its bill finance portfolio to Grapple Bill Finance Fund Pty Ltd by way of its subsidiary Spenda Money Movement Pty Ltd, the entity servicing the Spenda’s bill finance mortgage e-book.
Spenda introduced that the completion occurred on Friday March 14, 2025 and, as detailed within the firm’s earlier announcement dated 24 February, 2025, the corporate obtained the preliminary consideration of $500,000 from Grapple. As well as, all safety over the corporate and $2.3 million first loss capital has been launched.
