Ovanti Limited (ASX: OVT) has raised $8 million through a placement of 1.23 billion shares priced at $0.0065 each. Managed by Clee Capital and Evolution Capital, the raise will be completed in two tranches.
The first tranche, valued at $5 million, will be issued to institutional and professional investors. The second tranche, worth $3 million, will be subscribed by Executive Chairman Daler Fayziev’s Finran Special Opportunities Fund, pending shareholder approval.
Funds will accelerate Ovanti’s U.S. Buy Now, Pay Later (BNPL) rollout, supporting new partnerships, merchant agreements, and marketing initiatives. The company aims to establish a strong foothold in the North American payments ecosystem through both fintech infrastructure and consumer-facing branding.
Major U.S. Sponsorship Deal
Ovanti has signed a three-year sponsorship agreement with Speedway Motorsports, the operator of 11 premier NASCAR venues. Under the deal, Ovanti becomes the official e-commerce and BNPL partner of Speedway Motorsports.
Starting in May 2026, Ovanti will be a key sponsor of the NASCAR Craftsman Truck Series, televised nationally on Fox Sports. The partnership will include prominent brand placement across broadcast, digital, and physical channels, reaching millions of motorsport fans across the United States.
Strategic Benefits and Audience Reach
NASCAR events collectively attract more than 60 million viewers annually across television and digital platforms. This exposure offers Ovanti a unique entry point into the U.S. consumer market, leveraging the sport’s national footprint to promote its BNPL services directly to a large, retail-driven demographic.
Executive Chairman Daler Fayziev said his personal $3 million investment underscores his belief in the company’s U.S. expansion: “My decision to make this investment of $3 million, in addition to my current significant shareholding in Ovanti, reflects my strong belief that the Ovanti U.S.</span> BNPL operations under the leadership of Peter Maher as CEO shall become a formidable presence and disruptor in the North American BNPL market.”
The Speedway partnership builds on Ovanti’s earlier collaboration with Shift4 Payments (NYSE: FOUR), announced in August 2025. Together, these relationships are designed to strengthen Ovanti’s brand and operational capacity in the highly competitive U.S. fintech sector.
Placement
The placement was offered at a 7.1% discount to Ovanti’s last traded price of $0.007 and a 19.8% discount to its 15-day volume-weighted average price. Joint Lead Managers will receive a 6% fee plus GST and 60 million unlisted options exercisable at $0.013, expiring in three years.
