Australia's Spenda climbs on partnership with AgriChain

Spenda

16/10/2023 03:44

** Shares of payment services firm Spenda  SPX.AX  climb as
much as 7.7% to A$0.014, their highest since April 24
    ** Co enters a binding agreement with software company
AgriChain Pty to integrate early payment services to grain
growers into the AgriChain platform
    ** Says co, via its funder, will provide extended terms of
trade to AgriChain customers through the provision of
pre-approved virtual Mastercards
    ** Stock up ~18.2% so far this year, as of last close

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))