The Advisors at Emerald Financial recently released a report on Novatti Group (ASX: NOV), key highlights include:
- Launch of International Bank of Australia in November 2022
- Launch to reduce Novatti’s expenses by $3m p/a via independent operations;
- Q1 FY23 revenue of $10.5 million, +98% YoY increase;
- 800+ merchants now using Novatti’s acquiring solution
- Reckon partnership consummated with profit-share agreement to offer merchant services to their 117,000 cloudbased users;
- Alternative payment capabilities increasing with launch of 1:1 fiat-backed stablecoin AUDD;
- Banking licence frames Novatti as a potential takeover target;
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- Emerald Financial Research Note – Novatti Group - February 19, 2024
- Emerald Financial Research Note – Unith - December 22, 2023
- Emerald Financial Research Note – Pharmaxis - August 2, 2023
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