Ovanti targets major fintech deals at Money20/20 conference in Las Vegas

• Ovanti at Money20/20 USA fintech conference as it looks to finalise key partnerships
• Money 20/20 is one of the world’s leading events for payments, banking and fintech innovation
• Ovanti to hold meetings with major industry players at the event including Mastercard

Special Report: Ovanti is looking to finalise several major partnership and commercial deals for its US Buy Now Pay Later (BNPL) operations at the Money20/20 USA fintech conference in Las Vegas this week.

Money20/20 is one of the world’s leading events for payments, banking and fintech innovation, attracting more than 11,500 attendees and 3,000 companies from across the global financial ecosystem.

US CEO Peter Maher, senior vice president commercial Barbara Ford, and senior vice president payment operations Dan Crisologo will represent Ovanti (ASX: OVT) at the event and in commercial negotiations.

The team has scheduled more than 40 targeted meetings and events across key sectors including payments, open banking, compliance, fraud prevention and enterprise merchants.

OVT has confirmed it will hold material meetings with major industry players including Mastercard, Checkout.com, Fiserv, Finicity, LendAPI, Runa and WEX, among others.

Ovanti expects to execute multiple commercial agreements this quarter as a result of the meetings at Money 20/20, along with others that have not yet been named.

The commercial terms of these agreements will be released to the market when they become available during this quarter.

Due to the size and complexity of these potential partnerships, Ovanti noted that certain details will remain confidential and subject to the legal approval processes of its partners.

In addition to progressing commercial agreements, Maher will also feature in several media interviews, including a leading US business podcast, providing additional visibility for Ovanti’s expanding presence in the US fintech and payments sector.

Major opportunity for Ovanti

Executive chairman Daler Fayziev said Money20/20 provided a key opportunity to finalise major commercial agreements, strengthen partner relationships, and further position its BNPL and open-banking capabilities in the US.

“Money 2020  is a major opportunity for the OVT senior executive team to mingle in person with their senior industry contacts in the US fintech market,” he said.

“It allows them to finalise current ongoing negotiations with major partners and explore  new partnerships.

Fayziev said its BNPL is unique as it is not restricted by FICO scores that assess a borrower’s credit worthiness, like many competing products, meaning it can serve a wider range of customers and offer more flexible financing solutions.

“Our model allows us greater penetration in the US market by writing deals that our competitors’ outdated models do not allow them to do,” he said.

“The fact the team has organised over 40 targeted meetings for the event so far,  with numerous commercial deals expected to be executed, is proof of concept that the OVT US BNPL offering is indeed a compelling offering.”

This article was developed in collaboration with Ovanti a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.