The Missing Link
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Seeing credit scores a blunt weapon, Ovanti picks industry leader to oversee Flote in US market
The Market Online· 2026-02-16 23:47
Core Insights - Ovanti Ltd has established a senior industry advisory board to facilitate the entry of its BNPL product, Flote, into the U.S. market, with Alex Gambotto, founder and CEO of The Missing Link, appointed as chair [1]. Group 1: Advisory Board and Leadership - The advisory board will leverage Gambotto's extensive experience in M&A, corporate transactions, and leadership in trust-heavy industries, which is expected to benefit Ovanti's strategic direction [4]. - Gambotto's background includes leading The Missing Link through a significant sale to Infosys, indicating a strong network that could support Ovanti's growth in the U.S. [3]. Group 2: Product and Market Strategy - Flote aims to address inefficiencies in U.S. consumer finance by promoting fair and transparent cash-flow-based affordability, moving away from traditional credit scoring methods [5]. - Merchant onboarding for Flote will be a primary focus for Gambotto, alongside exploring SPAC listings for a potential Nasdaq listing [4]. Group 3: Company Performance - Ovanti's stock last traded at 0.1 cents per share, indicating the current market valuation and investor sentiment towards the company [5].