Ovanti Limited (ASX: OVT) Accelerates U.S. Expansion Amid...

Ovanti Limited (ASX: OVT) Accelerates U.S. Expansion Amid Leadership Transition, Strategic Asset Sale, and NASDAQ Aspirations

Ovanti Limited (ASX: OVT) is hitting major milestones as it positions itself for a bold leap into the U.S. fintech market. Following the resignation of CEO Simon Keast in February 2025 due to visa and residency constraints, Executive Chairman Daler Fayziev has stepped in as interim CEO while the company hunts for a dynamic U.S.-based leader with BNPL experience to drive revenue growth. In a major financial move, Ovanti is finalizing the sale of its 21% stake in Malaysian finance firm i.Destinasi Sdn Bhd (IDSB) for RM40 million (approx. AUD$13.77 million), a deal expected to inject valuable, non-dilutive capital into the business. Meanwhile, the company is pursuing legal action to recover up to A$22.4 million allegedly misappropriated by former directors and associates, with multi-jurisdictional litigation and settlement discussions underway.

Complementing these developments is Ovanti’s strategic push into the U.S., spearheaded by its November 2024 appointment of EAS Advisors. This move not only facilitates institutional investor engagement but also supports Ovanti’s exploration of a dual listing on the NASDAQ. Such a listing would mark a significant evolution for the ASX-listed fintech, enhancing its global investor profile, liquidity, and access to capital—mirroring the successful trajectory of Sezzle, which saw explosive growth after transitioning from the ASX to NASDAQ.

Together, these milestones—new leadership, fresh capital, legal redress, and a pending U.S. listing—set the stage for a major re-rate. If executed well, they could ignite significant interest in the stock and create the kind of FOMO (fear of missing out) that often drives aggressive investor activity. With momentum building, Ovanti is quickly becoming one of the ASX’s most compelling fintech turnaround stories.