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NOV, NOVATTI GROUP LIMITED
nipper
post Posted: May 3 2021, 01:15 PM
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Posts: 8,937
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Funding commitments & strategic partner see new banking business launch ready

Novatti has secured a strategic partnership with BC Investment Group Holdings Limited that will enable it to launch and operate its new banking business, once regulatory approval is obtained.
QUOTE
BC Invest operates in seven countries, including Australia, the United Kingdom, Singapore, and China and is a majority-owned subsidiary of Far East Consortium International Limited, a HKD$6.5b plus conglomerate listed on the Hong Kong stock exchange. It is a leading international financial services provider specialising in lending and asset management. In particular, it has strong in-market lending operations, with more than AUD$1.1b of mortgage loans and over 3,800 customers, with a strong focus on growing its Australian business.

6.5B HKD is less than US$1B

Seeding capital of $15M to get things rolling, from sophs, plus BC $2M and NOV $3M



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Apr 29 2021, 04:55 PM
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Posts: 8,937
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In Reply To: nipper's post @ Mar 28 2021, 12:47 PM

Novatti has been selected by Afterpay for the delivery of its payment card program in New Zealand.

QUOTE
Afterpay is an Australian fintech company listed in the S&P/ASX 20 that has revolutionised the way that consumers pay for goods and services. It has grown into a leading international player in the Buy Now Pay Later (BNPL) sector, with over 14 million active customers globally.
As part of this new partnership, Novatti will leverage its licence with Visa to enable Afterpay to issue Visa card solutions. This includes enabling Afterpay’s users to access Afterpay-branded payment cards in their digital wallet for use at participating merchants across New Zealand.
The initial agreement is for three years. Novatti will receive project setup, monthly recurring and, dependant on the take up of the service, transaction-based fees.

.... and up 30%




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Mar 28 2021, 12:47 PM
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Posts: 8,937
Thanks: 2740


In Reply To: nipper's post @ Feb 17 2021, 02:45 PM

new highs .... $0.50
news of Deposit taking License being issued, and breaking into USA



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 17 2021, 02:45 PM
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Posts: 8,937
Thanks: 2740


Novatti Group Limited (NOV) is a global software technology, utility billing, and payment services, provider. Both through technology and services, Novatti helps economies, corporations, and consumers digitize cash transactions.
QUOTE
Novatti is a provider of technology solutions in mobile phone pre-paid billings, point of sale based recharge (prepaid top-up) and voucher distribution systems.
The Novatti Platform is a high capacity transaction processing, switching, and stored value account management system that can be integrated with a broad range of external systems including banks, ATMs, point of sale terminals, mobile phones, web portals, point of sale systems, prepaid and post-paid billing systems, and telecommunications infrastructure.

Had a ASX query recently, when NOV went from 25c to 35c.

Novatti notes that the Payments and Fintech sectors globally have seen significant growth and re-rating by markets, in particular as a result of COVID-19 and the rapid digital transformation of payments and financial services. Novatti’s business has continued to grow strongly, as announced in the recent Quarterly Update which highlighted major business and financial progress, including:
New record quarterly sales revenue of $3.79m, up 52% year on year, highlighting consistent, long term growth
• New record half yearly sales revenue of $7.35m, 49% higher year on year, as first half total revenue hits $8.2m
• Core payment processing business achieving seventh consecutive quarter of record revenue
• Past investment in platforms delivering strong and consistent growth as new partnerships, including UnionPay, Google Pay, Samsung Pay, providing leverage for the business to scale
• Capital applied to accelerate growth as current strategy remains fully funded with $9m in cash as at 31 December 2020.






--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



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