Ann: Annual Report to shareholders, page-18

Thanks @BlackFX,

I disagree on the marketing side, all their channel partners are marketing this through their own brands given 9Spokes deliver a white label solution, so apart from the 9Spokes Direct channel, which I gather isn't that significant, I can't see the importance of a big marketing team.

They would be wise to invest a lot more into their business development channel, signing more banks, etc than the direct 9Spokes SME channel.