Spenda Ltd (ASX:SPX) MD Adrian Floate tells Proactive the CC Spenda Platform has been successfully rolled out across Carpet Courts 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."
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