Since undertaking a major business transformation that saw Novatti Group (ASX: NOV) reset its commercial strategy towards a market-led, customer focus, the digital payments company has reported a new record for quarterly revenue, made more impressive amid a cost-cutting program.. For the quarter ended 31 March 2024, Novatti reported $12.4 million revenue. It was the
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House-hunting horror stories have become commonplace, with Aussies and immigrants grappling with rising rents. To alleviate some of the stress, rental platform Rent.com.au (ASX: RNT) recently expanded its rental payments platform RentPay to accommodate more digital wallets. As a result, the Company has achieved the significant milestone of processing $250 million of payments since its
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With more than 500,000 migrants arriving in Australia annually, most on student and working visas quickly find that housing becomes their largest expense while trying to integrate into a new culture. It’s why so many get slugged by exorbitant foreign exchange and admin fees when trying to navigate Australia’s banking system, and also why Rent.com.au
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Rising interest in blockchain-based digital finance has seen AUDD close its pre-seed funding round at $600k as investors sought to increase their early stage-investment in the business. In the two years since its inception, the AUDD multichain stablecoin has rapidly gained traction in the market, exceeding more than $25 million in payments volume, within just
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Capitalising on the evolving financial landscape where the Reserve Bank of Australia is preparing for legislative changes in line with the direction of a cashless economy, digital payments company Novatti Group (ASX: NOV) has reported strengthened results with both revenue growth and expense reduction. Over the past six months, Novatti has been undertaking a strategic
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Under the leadership of newly appointed CEO Mark Healy, digital payments company Novatti Group (ASX: NOV) is accelerating its pathway to profitability with an immediate uplift in their gross margins. Having spent the last few years developing and monetising their digital payment ecosystem, Novatti now has the revenue base to optimise its sales strategy by
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