Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
IOUpay Limited ( (AU:OVT) ) has shared an update.
Ovanti Limited has raised A$1 million through the placement of 566.9 million new fully paid ordinary shares at A$0.001764 each, following shareholder approval at its November 2025 annual meeting. By issuing a cleansing notice under section 708A(5)(e) of the Corporations Act, the company has confirmed regulatory compliance and ensured the new placement shares can be traded immediately, bolstering liquidity and providing fresh capital to support its fintech and digital commerce growth strategy in existing Asian markets and its expansion into the US buy now, pay later segment.
The most recent analyst rating on (AU:OVT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on IOUpay Limited stock, see the AU:OVT Stock Forecast page.
More about IOUpay Limited
Ovanti Limited is a fintech and digital commerce software provider whose platforms enable institutional clients to securely authenticate end users and process banking, purchase and payment transactions via mobile devices. Its core technology supports mobile banking and digital payments solutions for leading banks in Malaysia and major telecommunications and corporate customers in Malaysia and Indonesia, while also delivering mobile over-the-top services through telco partners and expanding into the US market with buy now, pay later offerings.
Technical Sentiment Signal: Sell
Current Market Cap: A$13.43M
See more insights into OVT stock on TipRanks’ Stock Analysis page.