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Latest Articles
Novatti cashing out of Reckon investment, clears debt to simplify payments business
Digital payments company Novatti Group (ASX: NOV) will save $4 million over the next four years having cleared their balance sheet of debt and corresponding interest payments after selling their stake in business software company Reckon (ASX: RKN) in favourable circumstances. As shareholders of Reckon, Novatti has earned $15.2 million in cash dividends since acquiring
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More than 400,000 employees paid via Reckon payroll solutions for small businesses
For small business owners that are constantly feeling the pinch of rising cost-of-living expenses, adequate business support can alleviate many of those pressures and are one of the reasons more businesses are turning to Reckon (ASX: RKN) not just for their accounting needs, but also payroll. Making their mark as one of the most popular
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Novatti partnership allows more businesses to accept payments on the go
Rapidly growing fintech company Novatti (ASX: NOV) has landed a major coup with the addition of point-of-sale (POS) payments technology, enabling merchants to accept digital payments from Visa and Mastercard without additional hardware. A new partnership with MYPINPAD allows merchants to simply download software for their Android device (mobile or tablet) and enable customers to
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Digital payments adoption accelerating as Novatti talks increased returns
Although some pandemic trends have lost momentum by returning to their pre-Covid status, one that shows no signs of slowing is digital payments, evidenced by revenue growth from Novatti Group (ASX: NOV) which has invested heavily in their ecosystem and is now eyeing positive cash flow. Operating a global ecosystem that facilitates digital payments, including
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Institutional investors back Novatti to expand payments ecosystem with $10.5m in funding
Fresh from reporting a bumper June quarter result which rounded out their FY22 with a 97% increase in revenue to $32.5 million, digital payments company Novatti Group (ASX: NOV) may have something even bigger brewing having just secured $10.5m in funding by leveraging their assets to issue a bond. While other listed companies tend to
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More businesses turning to Reckon for cloud-based business solutions as customer numbers keep rising
With the increasing transition towards business administration being fully digital, more SMEs are turning to business tech company Reckon (ASX: RKN) which is expanding its platform solutions that are now used by more than 117,000 SME customers. The operational highlight for Reckon was their $100m asset sale of a subsidiary business, that has no impact
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