Novatti put $2m in seed funding in July 2020 for a 20% stake. A...

Novatti put $2m in seed funding in July 2020 for a 20% stake. A further $2.5m was raised in March 2021. Are they now pulling the pin? what, 1 year later? thats pretty bad foresite. Most people in the industry could tell you prepaid cards are a mugs game mostly used by organisations who want a client to keep cash in the account (sportbetting compamy, crypto platforms). Who is leading strategy at NOV?

U have more confidence than i would. it looks a lot like management are on the train of 'other peoples money'. Banking license and acquiring license are big compliance and operational cost heavy licenses which most players whitelabel off others. Why are NOV doing this? may be because preservation of capital isnt a high priority.

the best thing i took from this is where to raise money at a ridiculous valyation in the paymemt space fir a small %