Spenda Launches Spenda Pay Platform to Enhance Business Payments
Spenda Limited has launched the Spenda Pay platform, which features AI-enabled invoice processing and enhanced payment flexibility. The platform allows businesses to pay supplier invoices using existing credit cards, earning rewards, and optimizes working capital. It processes invoices up to five times faster than traditional methods and is aimed at expanding market reach while supporting recurring revenue growth.
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Spenda Limited has launched its Spenda Pay platform, enhancing automation and AI-enabled invoice processing for businesses. The platform enables users to pay supplier invoices with existing credit cards, even when suppliers do not accept card payments, allowing users to earn rewards.
It optimizes working capital by leveraging interest-free periods on credit cards without supplier process changes. Invoice workflows can be completed up to five times faster than traditional methods. The platform is being rolled out to current users and suppliers, aligning with Spenda's strategy for transaction growth and recurring revenue.
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