Ovanti Limited (ASX: OVT) today announced the successful issuance of 50,000,000 ordinary fully paid shares, completing the shortfall component of its non-renounceable rights issue. The shares were issued at a price of $0.002 each, collectively raising $100,000 for the company. This capital raising initiative stems from a rights issue initially announced on 21 August 2026, which subsequently closed on 1 September 2026, with the shortfall shares now issued on 23 October 2026.
Ovanti Limited provides fintech and digital commerce software solutions and services that enable its institutional customers to securely authenticate end-user customers and process banking, purchase, and payment transactions. Its core technology platform facilitates connecting large customer communities to end-users using mobile devices, integrating this technology across existing business and customer product offerings. The company confirmed that an Appendix 2A detailing the issuance of these 50,000,000 shortfall shares accompanies this announcement.
Ovanti’s business divisions primarily focus on Mobile Banking and Digital Payments, serving prominent banks, telecommunication companies, and corporate entities in Malaysia and Indonesia. Building on this established platform, the Ovanti Group is actively developing programmable financial rails tailored for financial institutions. These rails are designed to cover services such as remittance, cross-border settlement, payments, financing, and digital-asset services across Southeast Asia, South Asia, and Central Asia, with an overarching goal of establishing a unified digital trade and remittance corridor. The release of this announcement was authorised by Josh Quinn, Non-Executive Director and Company Secretary, on behalf of the Board of Ovanti Limited.
