Latest Ovanti (ASX:OVT) News

Ovanti Limited has announced a complete global exit from the Buy Now Pay Later sector, ceasing all BNPL activities and shifting its focus to its established iSentric business in Southeast Asia, alongside significant cost reductions and imminent legal action against its former US BNPL CEO.

Small-cap technology shares swung widely as capital raises, AI deals and takeover news drove the week.
Strong operating results lifted several established names, while fraud and funding concerns weighed on others.

Ovanti Limited is raising up to A$2.293 million through a 1-for-1 entitlement offer priced at $0.002 per share, marking a significant capital boost at a notable discount to recent trading.

Ovanti Limited is set to raise approximately $1 million through a 500 million share placement priced at $0.002 each, with part of the raise pending shareholder approval.

Ovanti appoints two early Afterpay executives to its Advisory Board as it prepares to relaunch its BNPL platforms IOUPAY and myIOU, targeting rapid growth in Southeast Asia and beyond.

Ovanti Limited (ASX:OVT) has launched Ominari, its own prediction market platform, debuting with FIFA World Cup 2026 markets aimed at Southeast Asia. The platform leverages integrated payment and AI analytics infrastructure to challenge global incumbents Polymarket and Kalshi.

Ovanti Limited has inked a four-year exclusive partnership with Yuno.trade, positioning itself as the payment processor and technology backbone for a new licensed prediction market platform targeting Southeast and Central Asia.

Ovanti Limited is proposing to issue over 520 million free-attaching options to recent placement investors and its lead manager, exercisable at $0.025 and expiring in 2030, pending shareholder approval.

Finance stocks split into two camps this week: steady earners with cash returns, and event-driven names with violent price swings. Aland Equity, Ovanti and FleetPartners led the move list as investors reacted to deal talk, a placement probe and a profit result plus legal settlement.

Ovanti Limited has acknowledged its $5.27 million placement was material and confidential, while offering potential reasons for a sharp 70% share price rise before public disclosure.

Speculative tech names drove the biggest swings this week, while data centres and software groups kept tapping investors for growth capital. The clearest pattern was simple: companies that showed revenue, contracts or cash support were rewarded, but some early price jumps faded fast when buyers stepped back.

Ovanti Limited is issuing a bonus tranche of Loyalty Options to shareholders at no cost, exercisable at a modest $0.025, potentially raising close to $1 million if fully converted.