BPC is pleased to share that Ovanti Limited(ASX: OVT) has announced to the market that the Board of Directors of OVT has finalised the review and approval process of the USA Market Entry Plan presented to it by CEO Mr Simon Keast (the “Plan”).

On 28 January 2025, the Board received from Mr Keast a comprehensive report of over 100 pages detailing the strategic plan and supporting analysis for OVT’s USA BNPL market entry and path to achieving USD $500,000,000 of Total Transaction Volumes (“TTV”) from the Plan. After a detailed review by the Board, the Plan was approved on 16 February 2025 by the OVT Board.

Investor Highlights:

• As already indicated to the market, as recently as the December Quarterly Activity Report released to the market on 31 January 2025, the Plan meets and exceeds all existing KPIs set for Simon Keast stemming from the original announcement of his appointment as CEO on 17 October 2024;
  
• Notably, the Plan achieves the milestones of USD $200,000,000 of TTV which is rapidly followed by achieving the milestone of USD $500,000,000 of TTV which further sets the infrastructure and trajectory for billions of dollars of TTV to be achieved;
  
• OVT shall launch to the USA Market differentiated products that provide safe access to credit for consumers who are underserved by traditional offerings in the market;
  
•  OVT shall provide the ability for customers in the USA to use our service offering for everyday expenses and bills as well as typical BNPL discretionary spending;
• Competitive advantage from a focus on the USA's largest and highest use BNPL territory opportunities - the Southern States.
• Building a network of regional merchants supporting customers' ability to shop locally, and;
• Expected launch during 2025 with ambitions to further expedite the launch and timing to achieve other key milestones.

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

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