Ovanti Building Momentum: U.S. BNPL Launch Gathers Pace with Fresh Capital, Strategic Deals, and New Leadership Incoming

Ovanti (ASX: OVT) is positioning itself for a significant growth phase as it prepares to launch into the highly competitive U.S. Buy Now, Pay Later (BNPL) market. The company has secured $10.8 million in funding from the partial sale of its stake in Malaysian business IDSB, with a strategic 5.25% holding retained for future opportunity. This adds to the company’s already strengthened cash position following a $6 million capital raise late last year, aimed at accelerating its U.S. expansion. Ovanti has also signed a long-term agreement with BNPLPay Protocol, providing access to efficient, low-cost debt funding and a 50% share of protocol revenue, giving the company both funding certainty and an additional revenue stream as it scales.

Although former CEO Simon Keast—brought in for his U.S. BNPL experience—has now exited, Ovanti is actively searching for a new CEO with proven fintech and U.S. market credentials to lead the rollout. In the meantime, Executive Chairman Daler Fayziev has stepped in to maintain momentum. A comprehensive U.S. market entry strategy is already board-approved, with clearly defined goals to grow transaction volume to $500 million by the end of 2027, with scalable infrastructure designed to support long-term growth. While the company reported a $4.7 million loss in the last half, it now has capital, structure, and vision in place. For investors seeking early exposure to a fintech with global ambitions, Ovanti represents a compelling turnaround and growth story that’s starting to unfold.

Of course, as always in this space, the noise grows loudest when the share price is down—many who once had little to say are now quick with criticism. But real investors understand that turnarounds don’t happen overnight. Ovanti’s progress speaks for itself: stronger funding, clearer focus, and a serious plan for execution. The next chapter is being written now—and it’s one worth watching.