Ovanti Restructures Stake in Malaysian Finance Firm and Advances US Expansion

March 17, 2025 11:00 AM AEDT | By Team Kalkine Media

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Ovanti Restructures Stake in Malaysian Finance Firm and Advances US Expansion — Image source: Shutterstock

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Highlights:

Ovanti revises its stake in Malaysian finance firm IDSB, adjusting ownership while maintaining strategic interests.

A new agreement with a blockchain-driven platform facilitates Ovanti’s expansion into the US market.

Corporate advisory services have been secured to strengthen operational presence in the US.

Fintech company Ovanti (ASX:OVT) has undertaken a restructuring of its position in i-Destinasi Sdn Bhd (IDSB), a Malaysian finance firm specializing in consumer credit services. The adjustment involves the sale of part of its ownership while retaining a presence in the firm. This transaction aligns with Ovanti’s broader financial strategies and does not signify a shift in its approach. Both entities remain engaged in completing the agreement under its revised structure.

IDSB focuses on facilitating consumer financing, primarily serving civil servants on behalf of banks in Malaysia. Retaining an interest in IDSB allows Ovanti to continue leveraging business collaborations while participating in the ongoing developments of the finance firm.

Strategic Partnership to Support US Expansion
Beyond its restructuring activities in Malaysia, Ovanti has secured an agreement with a blockchain-integrated platform to strengthen its presence in the US. This collaboration is designed to enhance debt-funding mechanisms and aligns with Ovanti’s introduction of financial technology solutions in the region.

By entering into this agreement, Ovanti positions itself as an active participant in the evolving digital finance landscape. This step marks a significant move in broadening its global operations and integrating advanced payment frameworks into its services.

Strengthened Corporate Presence in the US
To reinforce its operational capabilities, Ovanti has partnered with a corporate advisory firm based in New York. This firm will assist in structuring business operations as Ovanti establishes a stronger foothold. The office will serve as its primary corporate base, with additional locations planned across key regions.

The expansion strategy includes setting up physical locations in various parts of the country, ensuring broader market coverage. By focusing on establishing a structured presence, Ovanti continues its growth trajectory while adapting to market dynamics.

ASX 200, Technology Stocks remain a focal point for developments within the fintech industry, with Ovanti’s latest moves reflecting ongoing advancements in digital payment ecosystems. As Ovanti executes its strategic initiatives, updates regarding these transitions are expected to be shared through official corporate channels.

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