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Novatti Group Announces Next Investment Round in Banking Services Subsidiary


Novatti Group Limited (ASX: NOV) (Novatti) a payments innovator and processor, is pleased to announce that it has entered into a binding heads of agreement (HOA) for additional capital funding and technology investment into Novatti B Holding Company Pty Ltd (NBHC), Novatti’s banking services subsidiary, from new Hong Kong and Australian strategic financial services and fintech investors. The investment will comprise a cash subscription for ordinary shares in NBHC of up to $10 million and a technology contribution to NBHC at up to $8 million of ordinary shares.

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