Core Insights - Ovanti Ltd has successfully signed a deal with The Ticketing Co, enhancing its BNPL app Flote's presence in the US retail loan market [1][3] - The company aims to target the US market, with aspirations for a potential NASDAQ listing [3] Group 1: Strategic Partnerships - The recent agreement with TTC follows a prior deal with a Mastercard subsidiary, indicating Ovanti's strategic focus on expanding in the US [3] - TTC has experienced a yearly business growth rate of approximately +30% since its inception in 2016, which aligns with Ovanti's growth strategy [4] Group 2: Market Positioning - Flote will be available as a payment option for ticket purchases through TTC, targeting debit and cash-reliant consumers who are often excluded from traditional financing options [4][5] - The integration of Flote is expected to enhance sales conversions for TTC while allowing Ovanti to access new American consumers [5] Group 3: Future Plans - Integration testing for Flote is scheduled for Q1 CY26, with a full rollout planned to coincide with the comprehensive launch of Flote [5] - The CEO of Ovanti emphasized the shared focus on accessibility and customer experience between Ovanti and TTC, aiming to provide responsible liquidity options for ticket buyers [6]

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].

Core Insights - Ovanti Ltd has partnered with Fincity Corporation, a subsidiary of Mastercard, to enhance its buy-now, pay-later product, Flote, by integrating Mastercard's open financial data [1][4]. Group 1: Partnership Details - The partnership aims to keep Flote "credit score agnostic," allowing a broader user base, particularly targeting individuals who lack access to traditional loans due to poor historical performance [3][4]. - The collaboration is expected to improve repayment performance by aligning repayment windows with users' income receipt schedules [4]. Group 2: Strategic Implications - This deal is seen as a foundational step for Ovanti to scale merchant adoption and offer a differentiated BNPL product in the U.S. market [5]. - The partnership with Mastercard also indicates Ovanti's strategic consideration of a potential Nasdaq listing [5].

Core Viewpoint - Ovanti Ltd is pursuing a backdoor listing on Nasdaq through a SPAC deal with Miluna Acquisition Corp, which could significantly enhance its market presence and valuation [1][2][3]. Group 1: Company Overview - Ovanti's flagship product, Flote, is a Buy Now Pay Later (BNPL) service aimed at the subprime market in the U.S., targeting consumers who struggle with traditional credit scores [3]. - The proposed SPAC deal values Ovanti at approximately US$300 million (A$460 million) [3]. Group 2: Strategic Moves - The signing of a Letter of Intent (LOI) with Miluna marks a significant milestone for Ovanti, following a global search for a suitable U.S. SPAC partner [4]. - Ovanti's strategy aligns with industry trends, as seen with peers like Zip and Sezzle, who are also pursuing U.S. listings to enhance shareholder value and support growth in the U.S. market [5]. Group 3: Market Context - Miluna Acquisition Corp recently listed on Nasdaq with 6 million units priced at US$10 each, indicating a strong entry into the U.S. market [2]. - The deal is expected to provide Ovanti with access to a more liquid stock market, which is crucial for its growth strategy in the U.S. [2].