InvestSMART

Ovanti Limited (ASX:OVT)

ALERT: Price-sensitive ASX Announcement for OVT
Current share price for OVT : $0.004 -0.001 (-20%)+
Announcement
Release
8 Dec 2025 9:00AM
Price at Release
$0.005
Full Release
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Summary
Ovanti Limited has announced a strategic partnership with Finicity Corporation, a Mastercard company, through its subsidiary Ovanti US Inc. The collaboration is set to propel Ovanti's U.S. launch of Flote, a Buy Now, Pay Later (BNPL) service, by integrating Mastercard’s Open Finance infrastructure. This will allow Ovanti to offer enhanced financial data access to U.S. consumers, enabling a credit score agnostic approach to credit approval and improving repayment alignment with consumer cash flows. The agreement is designed to improve the BNPL experience for both consumers and merchants by reducing conversion friction and accelerating merchant adoption. The announcement was authorized by Joshua Quinn, Ovanti Limited's Non-Executive Director and Company Secretary.
Key Points
  • Ovanti US Inc., a subsidiary of Ovanti Limited, has signed a contract with Finicity Corporation, a Mastercard company.
  • The agreement aims to enhance Ovanti's U.S. launch of Flote, a BNPL service, by utilizing Mastercard’s Open Finance infrastructure.
  • This partnership aims to provide U.S. consumers with secure access to financial data and improve credit approval processes without relying on credit scores.
  • The collaboration is expected to facilitate faster and more accurate decisions, aiding consumer budgeting and merchant conversion at checkout.
  • Ovanti aims to accelerate merchant adoption and reduce conversion friction with this agreement.
  • The announcement was authorized by Joshua Quinn, Non-Executive Director and Company Secretary of Ovanti Limited.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.