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IOUpay Limited ( (AU:OVT) ) just unveiled an update.
Ovanti Limited’s US arm advanced several strategic initiatives in the December quarter, signing a three-year sponsorship with Speedway Motorsports that makes Ovanti the official e-commerce and BNPL partner and a key sponsor of the NASCAR Craftsman Truck Series, and entering partnerships with Mastercard’s Finicity for open finance connectivity, The Ticketing Co. as an anchor ticketing merchant, and Gr4vy for embedded payments orchestration. The company also moved to separate-list its US BNPL business on Nasdaq via a proposed business combination with Miluna Acquisition Corp at an indicative US$300 million pre-money valuation, with Ovanti shareholders expected to retain majority control and potential access to Miluna’s US$60 million trust as growth capital for Flote’s expansion, while continuing to allocate part of recent placement proceeds to fund ongoing litigation alongside US operations and working capital needs.
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 an ASX-listed financial technology company focused on buy now, pay later (BNPL) services in the United States through its Flote platform. The business targets e-commerce and ticketing merchants and is building out open finance-based credit decisioning and embedded payments infrastructure to drive consumer adoption and checkout conversion for merchants.
Technical Sentiment Signal: Sell
Current Market Cap: A$15.73M
Find detailed analytics on OVT stock on TipRanks’ Stock Analysis page.