Ovanti Limited (ASX: OVT) Market Update - OVT Secures License Agreement with BNPLPay Protocol

BPC is pleased to share that Ovanti Limited(ASX: OVT) has announced to the market that it has entered into a License Agreement with BNPLPay Protocol (https://bnplpay.io), a blockchain-based lending platform tailored for the Buy Now, Pay Later (“BNPL”) sector. BNPLPay Protocol is a decentralized finance (DeFi) network that connects stablecoin investors (lenders) with BNPL providers (borrowers), enabling BNPL companies to access funding more efficiently.

Under the terms of the License Agreement, Ovanti gains access to BNPLPay’s lending platform for its ongoing debt funding needs on a preferential basis for 20 years. In return, Ovanti will play a key role in the BNPLPay ecosystem and benefit from a significant 50% share of the protocol’s revenues pursuant to the terms of the License Agreement. This longterm agreement positions Ovanti as both a featured user and a partner of BNPLPay Protocol, forging a deep alignment between the two companies.

Investor Highlights:

• Strategic Partnership: Ovanti Limited (ASX: OVT) has signed a License Agreement with BNPLPay Protocol, providing preferential access to decentralized debt funding for its Buy Now, Pay Later (BNPL) operations.
  
• Lower-Cost Capital: The BNPLPay Protocol funding comes with no first-loss capital requirement and interest rates significantly below traditional financing sources, reducing Ovanti’s cost of capital.
  
• Revenue Share: Ovanti will receive 50% of BNPLPay Protocol’s revenue, creating a long-term recurring income stream and aligning Ovanti with the platform’s growth.
  
• Strengthened Funding Position: This partnership directly addresses Ovanti’s debt funding challenges, securing a stable, low-cost capital source to support the Company’s expansion and improve margins without additional risk.
• The License Agreement is Critical to OVT’s USA Market Entry Plans. OVT interim-CEO and Executive Chairman Mr Daler Fayziev highlights the agreement as a strategic solution offering superior financing terms compared to traditional banks and non-crypto lenders, significantly bolstering Ovanti’s funding strategy.

Congratulations to Daler Fayziev, the board and the team at Ovanti for reaching this milestone. 

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