Novatti (ASX: NOV) – ASX Fintech Has Grown Revenue +45% 3 Years In A Row | FY21 Results

TL;DR

Navarti (ASX: NOV) is a fintech with robust growth and a diverse ecosystem, providing payment services to businesses and fintechs globally.

Transcript

hey guys and welcome back to the asx investor channel and welcome to another asx ceo interview today we're very excited to be revisiting and unpacking the navarti story asx nov is a fintech player we've really been developing out a robust ecosystem and offering with a range of different opportunities that they're really looking to help to facilitat... Read More

Key Insights

• 🍝 Navarti has achieved consistent and impressive revenue growth of 45-50% over the past four years.
• 😥 The company's unique selling point is its combination of licenses, technology, and commercial partnerships, which form a robust ecosystem.
• 👨‍💼 Navarti's focus is on serving other businesses rather than direct consumers, providing payment solutions to fintechs, banks, and payments companies.
• 🐕‍🦺 The company aims to obtain a banking license to offer specialized digital banking services for cross-border transactions and serve other financial services companies.
• 🫥 Navarti's growth strategy involves increasing partnerships, licenses, and achieving further top-line growth.
• 🌐 They have made significant progress in acquiring licenses and partnerships with global players such as Ripple, Apple Pay, and Google Pay.
• 🤨 The company has conducted capital raises of $10 million and $40 million to fund its growth strategy and strategic investments, including acquiring a stake in Reckon.

Questions & Answers

Q: What is Navarti's primary focus as a fintech company?

Navarti primarily focuses on being a multi-services payments provider, offering solutions to other businesses, including fintechs, banks, and payments companies.

Q: What has been Navarti's growth rate over the past few years?

Over the past four years, Navarti has maintained an average growth rate of approximately 45-50% in top-line revenue, expanding from a few million dollars to over $18 million in FY21.

Q: How does Navarti differentiate itself in the competitive fintech market?

Navarti's secret source lies in its combination of licenses, technology, and commercial partnerships, making its ecosystem hard to replicate. This allows the company to provide unique services to its business customers.

Q: What are Navarti's plans with regards to obtaining a banking license?

Navarti aims to obtain a banking license to provide specialist digital banking services for cross-border transactions, migrant services, and trade payments. They also aim to serve other financial services companies and their specific needs.

Summary & Key Takeaways

• Navarti has experienced strong growth over the past few years, with a consistent 45-50% increase in top-line revenue.

• The company focuses on serving other businesses, including fintechs, banks, and payments companies, by providing payment solutions.

• Navarti has built a comprehensive ecosystem, offering services such as acquiring, issuing, cross-border payments, subscription billing, and is also working towards obtaining a banking license.