Ovanti Teases US Launch of Flote: A Credit Score Agnostic Alternative to Buy Now Pay Later

Core Insights - Ovanti US Inc, a subsidiary of Ovanti Limited, is launching Flote in the United States, which uses verified income and real cash flow insights instead of credit scores for determining eligibility for deferred payments [1][2]. Product Features - Flote allows consumers to pay over time with no interest, hidden fees, or revolving balances, targeting debit-first households that often lack flexible payment options [2][10]. - The product aims to provide a structured way for consumers to manage short-term expenses in alignment with their actual earnings and spending habits [2]. Leadership Team - The leadership team at Flote has extensive experience in the fintech sector, with a focus on responsible financial products [3]. - CEO Peter Maher has over fifteen years of experience in commercializing fintech products, emphasizing fair financial access [4]. - Other key team members include Jacek Serafinski, who has led product and engineering at major platforms, and Barbara Badelt Ford, who specializes in commercial strategies for payment firms [5][6]. Operational and Risk Management - The team includes experts in risk analytics and fraud prevention, such as Bruce Brenkus, who has held leadership roles at PayPal and Kabbage [8]. - The product is designed with strong identity and fraud controls supported by open banking, ensuring safe transactions for consumers and merchants [10]. Market Strategy - Flote will begin rolling out through select merchant partners before expanding nationwide in 2026, with early access signups available for consumers and merchants [11].