Novatti - The $1 party, page-1108

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quizmaster888

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12/08/21

08:31

Post #: 55221789
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Originally posted by Heyza: ↑

Great find mate! Some good points below

“We would look to support Afterpay in other countries as they spread the influence of buy-now-pay-later,” Cook says.
Currently, Novatti is licensed to issue Visa debit cards and has applied to become a full acquirer for Visa and Mastercard. This means the company would be able to sign up online merchants to use its cards, clipping the ticket on EFTPOS transactions.
In a further intriguing foray, Novatti recently paid $22 million for a 19.9% stake in the accounting software houseReckon (ASX: RKN). The idea is to integrate payments into the automated account-keeping process facilitated by Reckon’s software.
Cook says Novatti initially would own 60 per cent of the bank, with two deep-pocketed backers owning the rest.

Almost inevitably, the virtual Bank of Novatti will target Millennials, the tech-savvy cohort that think a cheque book is something on the shelves of a Prague library and that a teller is someone how informs on Covid-19 transgressors.
“We want to be a small nimble profitable bank, not so much in competition with the Big Four, but focusing on new markets,” Cook says.
One such market is facilitating offshore payments for migrants and foreign students, despite the dampening impact of the pandemic on these demographics.
Novatti is not ignoring the cryptocurrency markets, with plans for a secure ‘multi crypto’ gateway to enable merchants to process such transactions.

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Great article , thanks 5to 9

if you consider the asset position noted in here , NOV have 48M cash, 20M reckon stake and 150M market cap. Meaning the market is valuing the rest of company at ~80M. With an annual expected revenue ~20M or greater. This stock is undervalued

the reckon ownership already showing signs of being a great purchase, with the real win of collaboration yet to come.

with NOV’s pipeline of plans there is opportunity for excellent growth from here.

NOV Price at posting: 46.5¢ Sentiment: Buy Disclosure: Held
12 Upvote

1 Great analysis

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