Change Financial wins US$2m in new US deals

The two new contracts have more than validated the traction CCA is seeing for its Vertexon platform in the crucial US market.

Fintech payments leader Change Financial (ASX:CCA) continues to gain traction, nailing down two new US clients onto its newly released Payments as a Service (PaaS) platform.

The two US fintechs have signed contracts that will earn Change a combined total fee of at least US$2 million for the initial contract periods.

In addition, starting in the first half of FY23, the contracts will also generate a minimum fee commitment of US$0.2m of annual recurring revenue (ARR) in year one, increasing to US$0.6 million by year three.

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Source: Change Financial wins US$2m in new US deals – Stockhead