Ovanti raises $5.27m in share placement to fund fintech expansion

The latest announcement is out from IOUpay Limited ( (AU:OVT) ).

Ovanti Limited has raised $5.27 million through the issue of 520,339,653 new fully paid ordinary shares priced at just over one cent each, with most shares approved at a recent extraordinary general meeting and the balance issued under its placement capacity. The company has lodged a cleansing notice confirming compliance with corporate disclosure requirements, enabling the new placement shares to be traded immediately, which strengthens its capital position and supports ongoing expansion of its fintech and digital commerce operations.

By ensuring the placement shares qualify for immediate on-market trading under the Corporations Act exemption, Ovanti provides liquidity to new investors and reinforces transparency for existing shareholders. The capital injection is expected to underpin its strategy in mobile banking, digital payments and global buy now, pay later initiatives, potentially enhancing its competitive position in key Southeast Asian markets and supporting further development of its Super App offering.

More about IOUpay Limited

Ovanti Limited is a fintech and digital commerce software provider focused on secure authentication and processing of banking, purchase and payment transactions. Its core platform connects large customer communities to end users via mobile devices, supporting mobile banking and digital payments for leading banks in Malaysia and major telcos and corporates in Malaysia and Indonesia, while also expanding globally into buy now, pay later and Super App-based fintech solutions.

Average Trading Volume: 7,439,696

Technical Sentiment Signal: Sell

Current Market Cap: A$14.31M

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