Ovanti Limited (ASX:OVT) Approves USA BNPL Market Entry Plan
Plan Approval
Ovanti Limited (ASX: OVT) announced that its Board of Directors has approved the CEO’s USA Buy Now Pay Later (BNPL) market entry plan, targeting USD $500 million in Total Transaction Volumes.
Strategic Plan Highlights
The comprehensive plan includes launching differentiated BNPL products in the USA’s Southern States, supporting both everyday expenses and discretionary spending. Ovanti aims to reach USD $200 million in TTV within 12 months and USD $500 million by December 2027. The strategy focuses on building a regional merchant network and expedites the launch timeline to achieve key milestones swiftly.
Financial Projections
Upon successful execution, Ovanti expects a potential market capitalization of approximately AUD $198 million by March 2027 and AUD $503 million by December 2027, based on current market valuation ratios and exchange rates.
Executive Comments
Executive Chairman Mr Daler Fayziev stated, “The Board thanks Simon [Keast, CEO of Ovanti] for his tremendous effort and bold vision in producing this exciting and compelling Plan. Importantly, the Plan already achieves and exceeds all stated KPIs the Board set for Simon. Given the size of the lucrative market opportunity for OVT, management and the Board are exploring ways to further expedite its execution and in particular expediting the time it will take OVT to achieve the milestone of USD $500,000,000 of TTV. Given the breadth of the Plan and the level of competition in the USA market, many aspects of the plan are commercial in confidence, with further details to continue to be announced to the market at the appropriate times as OVT rolls-out operations and achieves key milestones in the USA market.”
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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