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IOUpay Limited ( (AU:OVT) ) has provided an update.
Ovanti Limited has successfully raised $8 million through a placement of shares to fund its U.S. BNPL business expansion and strategic partnerships. A significant development is its three-year sponsorship agreement with Speedway Motorsports, which will provide Ovanti with extensive brand exposure as the official e-commerce and BNPL partner for NASCAR events. This partnership, along with the capital raise, positions Ovanti to enhance its market presence and secure further merchant agreements in the competitive BNPL landscape.
More about IOUpay Limited
Ovanti Limited operates in the financial technology sector, focusing on Buy Now, Pay Later (BNPL) services. The company is expanding its presence in the North American market, aiming to become a significant player in the BNPL industry.
Average Trading Volume: 118,270,831
Technical Sentiment Signal: Sell
Current Market Cap: A$33.23M
For a thorough assessment of OVT stock, go to TipRanks’ Stock Analysis page.