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IOUpay Limited ( (AU:OVT) ) has provided an update.
Ovanti Limited has secured commitments from sophisticated investors to raise approximately $1,000,000 through a share placement at $0.0017 per share. The funds will be used to support ongoing litigation, US BNPL operations, working capital, and placement costs. This strategic move is expected to bolster Ovanti’s operational capabilities and market positioning, particularly as it expands its BNPL services into the US market.
More about IOUpay Limited
Ovanti Limited (ASX:OVT) operates in the fintech and digital commerce industry, providing software solutions and services that enable institutional customers to authenticate end-user customers and process banking, purchase, and payment transactions. The company focuses on mobile banking and digital payments, servicing leading banks and large corporations in Malaysia and Indonesia, and is expanding its buy now, pay later services into the United States.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.38M
For detailed information about OVT stock, go to TipRanks’ Stock Analysis page.