Spenda Ltd (ASX:SPX) managing director Adrian Floate sits down with Proactive’s Jonathan Jackson to discuss the acquisition of Limepay Pty Ltd in an all-scrip transaction valued at up to $8 million. The acquisition involves four tranches, with the last three contingent on specific performance milestones. If these milestones are met, Spenda expects to add at least $7.2 million in Annual Recurring Revenue. Limepay, established in 2019, provides embedded finance and card-not-present payment services to more than 200 Australian businesses. The company generated $2.8 million in revenue and $1.4 million in gross profit for FY24 (unaudited). Limepay's offerings include payment acceptance, instalment options, lending, working capital and marketplace solutions, all developed in-house with full IP ownership. Watch at #Proactive #ProactiveInvestors #PaymentSolutions #FinancialServices #B2B #SaaS https://lnkd.in/ezTC_yGX
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🚀 Today, we're announcing a new stage of our company’s journey! Vista Equity Partners will acquire JAGGAER from Cinven. We are excited to build on our momentum with Vista Equity Partners, as we will continue to innovate and deliver JAGGAER One solutions for our customers as they manage increasingly complex global procurement and supply chain processes. More about this exciting milestone for JAGGAER here: https://okt.to/Hw3SKA #procurementtransformation #SourceToPay #procurementtechnology #JAGGAERnews
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🚀 Today, we're announcing a new stage of our company’s journey! Vista Equity Partners will acquire JAGGAER from Cinven. We are excited to build on our momentum with Vista Equity Partners, as we will continue to innovate and deliver JAGGAER One solutions for our customers as they manage increasingly complex global procurement and supply chain processes. More about this exciting milestone for JAGGAER here: https://okt.to/moZuFl #procurementtransformation #SourceToPay #procurementtechnology #JAGGAERnews
Vista Equity Partners Acquires JAGGAER
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🚀 Today, we're announcing a new stage of our company’s journey! Vista Equity Partners will acquire JAGGAER from Cinven. We are excited to build on our momentum with Vista Equity Partners, as we will continue to innovate and deliver JAGGAER One solutions for our customers as they manage increasingly complex global procurement and supply chain processes. More about this exciting milestone for JAGGAER here: https://okt.to/kcTlwq #procurementtransformation #SourceToPay #procurementtechnology #JAGGAERnews
Vista Equity Partners Acquires JAGGAER
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🚀 Today, we're announcing a new stage of our company’s journey! Vista Equity Partners will acquire JAGGAER from Cinven. We are excited to build on our momentum with Vista Equity Partners, as we will continue to innovate and deliver JAGGAER One solutions for our customers as they manage increasingly complex global procurement and supply chain processes. More about this exciting milestone for JAGGAER here: https://okt.to/ZLq4MX #procurementtransformation #SourceToPay #procurementtechnology #JAGGAERnews
Vista Equity Partners Acquires JAGGAER
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Spenda Ltd (ASX:SPX) managing director Adrian Floate sits down with Jonathan Jackson in the Proactive studio to discuss LimePay’s master services agreement with Lessn to process its entire payment volume through Limepay’s #TransactionProcessingGateway. This agreement increases Limepay’s payment volumes by approximately 40% to $167 million per annum, reinforcing Spenda’s strategic decision to acquire Limepay. The two-year exclusivity agreement includes the integration of Limepay’s white-labelled payment widget on Lessn’s platform, which facilitates #PaymentServices for SMEs, bookkeepers and finance teams. Lessn chose Limepay following the signing of several new contracts that forecast strong growth. The payment volume transition to Limepay is scheduled around October 15, allowing for technological integration. Watch at #Proactive #ProactiveInvestors https://lnkd.in/esGb_Axt
Spenda’s Limepay boosts annual payment processing to $167 million in Lessn deal
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Locad Secures $9M Pre-Series B Funding Locad, a leading smart digital logistics engine, has raised $9 million in a Pre-Series B round co-led by Dubai-based Global Ventures and ReefKNoT Investments. Congratulations to the Co-founders — Constantin Robertz, Jannis Dargel, Shrey Jain — and the entire team! Read more here: https://lnkd.in/eAKys5Gy
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Watch Alan Pepper and I talk about how the tried and tested Orega Management Agreement model works and how it stands out as offering a unique co-investment partnership. In this video, you’ll learn how partnering with Orega allows property owners to maximise their property’s potential without the headaches of operating the space themselves. Get in touch to find out more about our joint ventures [email protected] https://lnkd.in/eQ8FNY8P #RealEstate #Orega #Parnership
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Months and months of almost 24/7 work is now signed and announced. I am personally very satisfied with the outcome for mainly three reasons: 1) The deal provides CANATU assets and balance sheet to execute our growth strategy and even accelerate it. 2) As a listed company CANATU keeps the strategic freedom to continue investing in the industries and applications that are ongoing technology or market disruptions, offers high gross margins and return for investments. 3) As a listed company CANATU gets increased awareness among top talented existing and new employees that are crucial for the company's future. As a bonus CANATU will get access to very successful Finnish entrepreneurs' experience that has enabled many unicorns in Finland. Firstly I want to thank the super talented CANATU team for their passion, innovation, collaboration and commitment. Secondly I want to thank our customers, partners and suppliers for collaboration and partnership and readiness to take risk with the small start-up company. Sometimes you have had to educate us to understand the market requirements. Thirdly I want to say thank you to CANATU's investors who have patiently believed in us even during the difficult times. This has taken 20 years!!! 20 years ago four founders Esko Kauppinen, David Brown, Hua Jiang and Albert Nasibulin invented the company at Aalto university. The next chapter of the company is going to start in September. I am thrilled to be part of that too. https://lnkd.in/d9qcHqcU
We are pleased to announce that today, Lifeline SPAC I Plc and the shareholders of Canatu Oy have concluded a share exchange agreement whereby Lifeline SPAC I acquires all shares, option rights, and other rights exchangeable to shares in Canatu to form a combined, publicly listed company. Read the press release: https://lnkd.in/dz_EtsVC #canatu #carbonnanotubes
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Q&A on Praetura EIS Growth Fund - watch the recording Praetura EIS Growth Fund: B2B technology businesses primarily in northern England In this interview, Brian Moretta joins Larissa Adams to discuss his recent report on Praetura EIS Growth Fund from Praetura Ventures. The Praetura EIS Growth Fund mostly invests in B2B technology businesses across a range of sectors. While it invests across a range of stages, its sweet spot is post seed or early Series A and the majority of investments will be based in northern England. It has a structured approach, using its "6M" framework. There is a strong emphasis on post-investment support, with the internal team complemented by Operational Partners. It has been investing since 2011 and has had EIS funds since 2019. So far it has 12 exits which have produced an MoIC of 1.8x. Watch the interview: https://lnkd.in/eY74q-by #research #taxenhanced #vct #eis #investment #technology #B2B
Praetura EIS Growth Fund: B2B technology businesses primarily in northern England
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Aretha Legal advised Peak XV Partners’ Surge on its investment in MasterChow. The Series A round of USD 6.5 million was led by Singapore-based Tanglin Venture Partners. Masterchow, a Delhi-NCR-based D2C brand, specializes in Asian cuisine and plans to utilize the fresh capital to launch new products and expand its offline presence. Nitin Gera led the team and was ably supported by Divya Jyoti Mehra and Sajal Jain. Media reporting of the Deal: https://lnkd.in/g_7_McTU #DealUpdate #Deals #Investment #Funding #VentureCapital #PrivateEquity #PEVC #ArethaLegal
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