Ovanti Limited (ASX: OVT) Market Update - iSentric Business Update

BPC is pleased to provide Ovanti Limited(ASX: OVT)'s following iSentric Business Update to the market in regard to OVT’s wholly-owned non-BNPL related subsidiary iSentric Sdn Bhd (“iSentric”).

Investor Highlights:

• On 27 June 2024, OVT announced to the market that iSentric had signed a commercial agreement with CIMB to provide Omni Channel Communications. On 19 January 2025, OVT decided to mutually come to terms to terminate the agreement with CIMB.
  
  
• On 17 October 2024, OVT announced to the market the appointment of Simon Keast, the former US CFO of ZIP to join 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. On 10 December 2024, OVT completed an AUD $6 million capital raise to fund the BNPL business and in particular expediate the USA market entry.
  
  

Mr Daler Fayziev, Executive Chairman of OVT commented:

"Although OVT’s overwhelming operational focus is now on the BNPL business, the Company continues to form the view that our non-BNPL iSentric business in Malaysia remains adequately resourced to service its existing banking clients. This decision made by the Board to terminate the CIMB agreement was a commercial decision to allocate the new capital and full energy of our skilled team to have razor sharp focus on our vision to make a big impact in the USA BNPL market in 2025. The OVT Board is fully focused with the new resources at our disposal on driving our CEO and his team to expedite the USA BNPL market entry."

Congratulations to Simon Keast, Daler Fayziev, the board and the team at Ovanti for reaching this milestone. 

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