Lessn, a leading technology innovator in the bill payments industry, is pleased to announce a significant strategic partnership with April, a payment gateway provider to be acquired by ASX-listed company Spenda. This collaboration marks a pivotal step in Lessn’s journey, enabling the company to expand its capabilities and reach new markets, including Singapore.
Key Highlights of the Partnership:
- Integration with April: This partnership allows Lessn to process a wide range of transactions including taxes, wages, and superannuation, while maintaining the lowest headline fees in the market. The integration is set to go live on October 15, 2024.
- Expansion to Singapore: With the support of April, Lessn will now be able to extend its services to the Singapore market in early 2025, providing its customers with enhanced payments automation solutions that are both efficient and cost-effective.
- Projected Growth: This partnership is expected to significantly boost Lessn’s growth, with projections indicating the company is on track to deliver $200 million a month in payment volume, translating to an annualised volume of $2.4 billion inside of 24 months since launch.
"We are excited to announce this strategic partnership with April, which not only strengthens our payment processing capabilities but also positions us to expand our market reach into Singapore," said David Grossman, Founder of Lessn. "This collaboration is a key milestone for us as we continue to innovate and provide our customers with the best accounts payables solutions available."
This announcement comes as part of Lessn’s broader strategy to expand its service offerings and drive significant growth in the coming years. The company is also preparing for further announcements, including a separate milestone with the medical and foreign exchange sector, which will be revealed in the near future..
