After changing its name, gaining adequate funding and being reinstated to the ASX, fintech and digital commerce company Ovanti (ASX: OVT), previously known as IOUPay (ASX: IOU), is finally returning to doing business after allegations of fraud and misappropriation of funds.  The Company has signed a major new contract through its subsidiary, iSentric (no affiliation

Haven’t heard of the company IOUPay (ASX: IOU) in a while? You’re probably not alone because their shares have been suspended from trading since March 2023 while the new Board of Directors attempt to unravel the utter mess left to them from the previous Board, and it’s cost them $36 million according to the FY23

After a tumultuous year replete with lawsuits, declines and deal fallouts, digital payments company IOUPay (ASX: IOU) has entered voluntary administration. Daniel Walley and Philip Carter of PricewaterhouseCoopers Australia have been tasked with putting on the cape and saving the Company from their burning building.  This action has been taken as IOUPay has many outstanding

Crime does not pay; if anything, it makes you. And this was made evident with the recent Clee Capital vs Malaysian BNPL firm IOUPay (ASX: IOU) court drama. Playing out in a Johnny Depp and Amber Heard fashion, after IOUPay’s former CFO Kenneth Kuan Choon Hsuing—accused of misappropriating company funds—helped shareholder Clee Capital sue the

Fraud, losses, oustings and backtracking on deals—you’d think digital payments firm IOUPay (ASX: IOU)’s coffin couldn’t take any more nails. Untrue. The Company is now facing a new woe—and a big one at that: legal action via a disgruntled former CFO. IOUPay is being sued by one of its shareholders, Clee Capital, which holds 5.08%

If you’ve watched the 2022 film, The Menu, you’d know how the meals get progressively more disturbing until the head chef blows up the whole place (including the guests). That appears to be the trajectory South-East Asia-based digital payments company IOUPay (ASX: IOU) is on.  After witnessing a BNPL decline and a slew of losses

What started as a way to ease buyers’ financial stresses grew into one of their biggest stressors: Buy Now, Pay Later (BNPL). Bad debts and reckless spending has shined a light on the downsides of BNPL and its subsequent decline; yet, some digital payment service providers, like IOUPay (ASX: IOU), refuse to give up on

How far can you go as a business with only a little over $4 million in your bank account? Frankly, not a lot. However, Fintech company IOUPay (ASX: IOU) feels otherwise as it reports an operating cash outflow of $1.7 million in Q1 FY23, leaving the Company with only $4.1 million in its bank accounts.

Despite many investors fleeing the industry, Buy-Now-Pay-Later (BNPL) buff IOUpay (ASX: IOU) is doubling down on its strategic plan to pursue large telcos and corporates in South-East Asia via a Marketing Collaboration Agreement (MCA) signed today with the Bank Simpanan Nasional (BSN) to promote the Company’s ‘myIOU’ product across Malaysia. As part of IOUpay’s strategic

Capitalising on the buy-now-pay-later trend which is rapidly expanding globally, fintech company IOUpay (ASX: IOU) is set to get a big boost through South-East Asia via a new partnership with EasyStore and its 7,000 merchants. Established in 2013 as an online shopping site, Malaysia-based EasyStore processed approximately $435 million from online customer sales in 2020