Ovanti Limited (ASX:OVT), formerly IOUpay Limited, is a Sydney-based financial technology company building a “super app” that combines buy-now-pay-later credit, payments and banking services. In 2026 it added a prediction-markets platform, relaunched its lending brands and raised Capital twice. The central point is the breadth of the plan compared with the reported cash burn.

What Ovanti does

The company says it is building a global financial app covering payments, income-based credit, loyalty, insurance and investing, with target regions including Southeast Asia, Europe, the United States, the Middle East and Central Asia. It has offices in New South Wales and Kuala Lumpur. market data sources classifies it under technology services.

The 2026 developments

According to a summary of its quarterly update, Ovanti raised $5.27 million on 4 May 2026 by issuing 520,339,653 shares at about $0.0101 each. The company directed the money to artificial intelligence integration, merchant onboarding, international network growth and its buy-now-pay-later and super app development.

On 9 June 2026 it announced an exclusive four-year Partnership with Yuno.trade to act as its global payment processor and embedded technology partner. On 15 June it launched OMINARI.COM, a prediction-market platform aimed initially at Southeast Asia, with early markets on the 2026 FIFA World Cup. It also announced integration of a digital banking platform, Digibanc, through its Datamorph subsidiary.

On 20 July 2026 the board approved a phased relaunch of the IOUPAY and myIOU brands across Asia, starting in Malaysia, and former Afterpay executives joined its advisory board.

Cash burn and the entitlement offer

The same quarterly summary reported net operating cash outflows of $5.407 million for the June quarter.

On 14 August 2026 Ovanti launched a one-for-one non-renounceable entitlement offer at $0.002 a share, a 33.3 per cent discount to the 13 August close, to raise about $2.293 million from up to 1,146,897,274 new shares. The offer was open to shareholders in Australia, New Zealand and Malaysia, was not underwritten, and had a top-up facility. Proceeds were earmarked for offer costs, Working Capital and general corporate purposes. The offer opened on 21 August and closed on 1 September, with results due on 4 September and normal trading of new shares from 7 September.

Sector context

Buy-now-pay-later is a crowded field led by much larger operators. Prediction markets are a newer category, and rules for them vary by jurisdiction. Interpretation only: a company running both lending and prediction markets across several countries faces more regulatory questions than a single-product business.

Risks to weigh

Funding: a quarterly operating outflow of $5.4 million is large next to the $2.3 million offer target.

Dilution: repeated issues at low prices enlarge the share count.

Regulation of lending and prediction markets in each market.

Execution across many products and regions at once.