BPC is pleased to provide Ovanti Limited(ASX: OVT)'s quarterly activities report for the period ended 31 December 2024.
Investor Highlights:
- OPERATION UPDATE(BNPL-USA MARKET ENTRY):
- On 17 October 2024, OVT announced to the market the appointment of Simon Keast and Key Performance Indicators (KPIs) pertaining to his appointment. Mr Keast is the former US CFO of ZIP who joined OVT as the Chief Executive Officer with a focus on OVT’s BNPL business and plans to enter the USA BNPL market in calendar year 2025.
- The Board is pleased to confirm that the Report presented to it by Mr Keast delivers on all stated KPIs from the ASX announcement of 17 October 2024. Specifically, in all areas the KPIs have been fully satisfied and numerous KPIs have been exceeded. - iSentric (OVT’s WHOLLY OWNED SUBSIDIARY) OPERATIONS UPDATE: During the quarter the Mobile Banking Division performing strongly and experiencing a growth trend with record transaction event volumes for July and December exceeding the previous record highs achieved during Q1 FY24.
- CORPORATE UPDATE: On 10 December 2024, OVT completed a AUD $6 million placement, before costs, which resulted in the issue of 300,000,000 ordinary shares at $0.02 per share to fund the expansion of the Company’s US team.
Congratulations to Simon Keast, Daler Fayziev, the board and the team at Ovanti for reaching this milestone.
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