OVT’s Progress: Why Shareholders Should Be Watching Very Closely

OVT’s Progress: Why Shareholders Should Be Watching Very Closely

May 2025 – Australia

After a turbulent 12 months marked by leadership turnover, capital restructuring, and shifting market sentiment, fintech microcap Ovanti Limited (ASX: OVT)may now be approaching a pivotal inflection point—one that echoes the early stages of several major fintech turnarounds.

With a formal Extraordinary General Meeting (EGM)now scheduled for 20 June 2025, shareholders are being asked to ratify a series of significant share issuances connected to a BNPL license agreement, a revenue-sharing arrangement, and a strategic capital raise. These developments, coupled with the board’s search for a new permanent CEO, suggest a company repositioning itself for renewed growth and long-term execution.

While no formal leadership appointment has yet been announced, speculation points to the board targeting experienced fintech executives—individuals with past roles at companies like Klarna, Zip, PayPal, or Afterpay—to drive the company’s next phase.

Turnarounds Begin at the Top: The Precedent Is Clear

Across fintech and SaaS, some of the most compelling comebacks in recent years have followed a familiar pattern: a change in leadership, a shift in focus, and execution under pressure.

• Zip Co (ASX: ZIP): After expanding too aggressively, the company’s founder stepped aside. Under new CEO Cynthia Scott, Zip refocused on its core markets and slashed costs. The result? A 700% rebound from its lows and a return to investor favour.

• Pushpay (ASX: PPH): The company faced stagnation until co-founder Chris Heaslip resigned and interim CEO Bruce Gordon took over. A tighter sales strategy and smart acquisition pushed Pushpay into profitability and a $1B+ private equity buyout.

• SoFi (NASDAQ: SOFI): After internal scandal and growth fatigue, the board brought in Anthony Noto (ex-Twitter, NFL). He broadened the product suite, acquired a bank, and gave SoFi a national brand presence. SoFi now has over 10M members and rising revenues.

• Monzo: The UK neobank hit a wall of losses and regulatory issues. The board appointed TS Anil from Visa, who introduced subscriptions, cut burn, and launched BNPL. Monzo posted its first full-year profit in 2024 and now holds over £11B in deposits.

• Lending Club (NYSE: LC): Following a governance crisis and CEO exit, Lending Club was rebuilt under Scott Sanborn. He acquired a U.S. bank, restructured the model, and delivered 12 consecutive profitable quarters.

Each of these stories started where Ovanti is now: with questions, fatigue, and uncertainty—but also the potential for a new direction.

Why Ovanti’s Moment Looks Familiar

Ovanti currently sits at a crossroads:

• Legacy challenges have been addressed or are in progress (e.g. IDSB sale still pending, platform progress unconfirmed)

• A BNPL license deal with revenue share terms has been ratified

• A strategic capital raise has been completed to support execution

• Leadership transition is underway

The next step—the appointment of a credible, experienced CEO—has the potential to realign the company’s vision, build partner and market confidence, and unlock the value shareholders have been waiting for.

From Survival Mode to Execution Mode

The upcoming EGM will also see shareholders vote on:

• The ratification of 135 million shares issued to BNPL Pay Holdings Foundation as part of a 20-year licensing deal (with 50% revenue share and rights of first refusal)

• The ratification of 233 million shares issued to fund the license (at $0.00655 per share, raising $1.54 million)

• Approval of 70 million options to Clee Capital for leading the placement, with a $0.013 exercise price

These resolutions are not just compliance formalities—they're pieces of a broader reset, aligning capital and incentives with the company’s U.S. BNPL expansion ambitions.

What remains is the leadership to bring it together.

What Shareholders Should Be Watching Very Closely

The upcoming CEO appointment will define the next chapter of Ovanti’s story. If the board succeeds in attracting a fintech executive with real operational firepower—someone who’s scaled platforms, rebuilt trust, and navigated competitive fintech environments—the shift could be swift and substantial.

History shows us one thing clearly:
When leadership changes, trajectories can too.

For OVT, this may be one of those moments.
It’s why shareholders should be watching very closely.

This article is speculative commentary and does not constitute financial advice. Investors should monitor formal announcements from Ovanti Limited via the ASX.