Media Releases › Novatti Group

Highlights

• New record quarterly sales revenue of more than $4.9m, up 63% year-on-year
• Payment processing business delivers 9th consecutive quarter of record sales revenue
• Record $18.4m in total revenue – up more than 50% year-on-year
• Record $16.4m in annual sales revenue – up around 50% year-on-year
• Annual sales revenue growing at an average of 45% across the past 3 years
• Cash balance at end of June quarter - $8.8m
• $40m capital raise with strong support from highly-regarded institutional investors undertaken early July
• Investment in ecosystem validated with Afterpay partnership in New Zealand
• Strategic stake in Reckon creates new opportunities to explore synergies and deliver growth
• Actively assessing a number of acquisition opportunities
• New banking business launch ready - aiming for regulatory approval by end Nov 2021
• Visa and Mastercard acquiring licences - aiming for end of Sept 2021