Ovanti Raises $5.27M and Launches Ominari Prediction Market Platform

Capital Raise Fuels Expansion

Ovanti Limited (ASX:OVT) bolstered its war chest with a $5.27 million placement completed in early May, issuing over 520 million shares at just over one cent each. This injection is earmarked to accelerate its AI integration, merchant onboarding, and international expansion, underpinning the company’s broader fintech ambitions. The capital raise follows a 20:1 share consolidation completed in April, reducing the total shares on issue to just under 480 million and streamlining the company’s capital structure.

Launching Ominari to Capture Prediction Market Growth

On 15 June, Ovanti launched Ominari, a wholly owned prediction-market platform targeting Southeast Asia with an initial focus on FIFA World Cup 2026 outcome markets. The platform integrates payment workflows, wallet funding, transaction processing, and risk controls, positioning Ovanti to tap into the burgeoning $24 billion regional prediction market opportunity. Ominari represents Ovanti’s direct consumer-facing play, complementing its backend technology services.

Strategic Partnerships to Build Super App Infrastructure

Ovanti inked a pivotal partnership with Codebase Technologies to integrate its Digibanc banking infrastructure via Ovanti’s subsidiary Datamorph. This alliance aims to accelerate development of Ovanti’s Agentic Digital Asset Bank and Super App ecosystem, layering AI financial agents and Web3 smart contracts atop Codebase’s cloud-native, API-first platform. Concurrently, Ovanti secured an exclusive four-year global payment processing and embedded technology partnership with Yuno.trade, targeting licensed prediction market rollouts in Southeast and Central Asia. These collaborations support Ovanti’s ambition to become a fintech infrastructure powerhouse across payments, digital banking, and digital assets.

BNPL Relaunch and Advisory Board Refresh

Post-quarter, Ovanti’s board approved a staged relaunch of its Buy Now Pay Later (BNPL) platforms IOUPAY and myIOU, initially focusing on Malaysia. The relaunch is integrated into the broader Super App strategy, with the company appointing two former Afterpay executives, William "Billy" Parry and Derrick Ongchin, to its advisory board. Their expertise spans merchant acquisition, product architecture, credit risk, and regulatory readiness, signaling Ovanti’s intent to sharpen its BNPL offering in the competitive Asia-Pacific market. The appointment coincides with the retirement of long-standing advisor Alex Gambotto.

Financial Position and Operational Cash Flow

Ovanti reported a net cash outflow from operating activities of $5.4 million for the quarter, reflecting ongoing investment in product development and strategic initiatives. The company ended the period with $295,000 in cash and equivalents, supported by financing activities including the recent placement and a short-term interest-free loan facility. Related-party payments totaled $305,000, covering director fees and associated services. While cash runway is limited, Ovanti indicated one-off costs have been reduced and remains confident in its ability to raise further funds or pursue asset sales if necessary to sustain operations.