# Novatti Group

> Novatti Group is a VC fund in Melbourne backing Financial Services and Finance. See 9 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Melbourne, Australia
- Total investments: 9
- Last investment: Dec 2025
- Lead investor: 67%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/novattipayments
- X (Twitter): https://www.twitter.com/novattipayments
- Website: https://www.novatti.com/
- Facebook: https://www.facebook.com/novattipayments

Novatti Group is a VC fund in Melbourne focused on Financial Services and Finance. Novatti (ASX:NOV) is a leading digital banking and payments company that enables fast, simple, and secure payments.

## Contacts

5 contacts available for Novatti Group. Shizune tracks 8 team members at Novatti Group. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/novatti?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $202k–$3.3M |
| Series A | $13M–$13M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 3 | 33% |
| Finance | 2 | 22% |
| Software | 2 | 22% |
| Information Technology | 2 | 22% |
| Banking | 1 | 11% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 4 | 44% |
| Series A | 2 | 22% |
| Pre-Seed | 1 | 11% |
| Post-IPO Equity | 1 | 11% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Australia | 6 | 67% |
| United Kingdom | 1 | 11% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Adel Shahin | Head Of Marketing | 0 | https://shizune.co/investors/profile/adel-shahin |
| George Spanoudakis | Head Of Business Development | 0 | https://shizune.co/investors/profile/george-spanoudakis |
| Mark Maglaras | Chief Operating Officer & Sales Director | 0 | https://shizune.co/investors/profile/mark-maglaras |
| Peter Cook | Chief Executive Officer | 1 | https://shizune.co/investors/profile/peter-cook-3ec5 |
| Steven Stamboultgis | Chief Financial Officer | 0 | https://shizune.co/investors/profile/steven-stamboultgis |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| AUDC | AUDC Pty Ltd is the issuer of AUDD — the Australian Digital Dollar — a regulated, fully collateralised AUD stablecoin operating across 8 Tier 1 blockchains. AUDD is backed 1:1 by Australian dollars held in bare trust at Australian authorised deposit-taking institutions (ADIs), with reserves independently attested monthly by William Buck. AUDC holdsAustralian Financial Services Licence 700123, authorising dealing and advising in non-cash payment products, basic deposit products, and government securities. AUDC's subsidiary Dexah Pty Ltd holds AUSTRAC Digital Currency Exchange registration, ensuring full AML/CTF Act 2006 compliance. AUDC is ISO 27001 certified. Since launching in November 2022, AUDC has processed over $2 billion in cumulative transaction volume across remittance, OTC, institutional treasury, trade finance, and DeFi settlement use cases. AUDD is listed on Coinbase, Swyftx, and 5+ additional centralised exchanges, and is deployed on Stellar, Ethereum, Ripple XRPL, Solana, Hedera, Base, XDC, and RedBelly networks. AUDC participated in the Reserve Bank of Australia's Project Acacia CBDC pilot and was selected as the first commercial implementation of Hedera's Stablecoin Studio globally. AUDC is a member of Blockchain Australia and the Stablecoin Standard, and is ISO 27001 certified by SAI Global. | $3.3M | Seed | Dec 07, 2025 |  |
| AUDC | AUDC Pty Ltd is the issuer of AUDD — the Australian Digital Dollar — a regulated, fully collateralised AUD stablecoin operating across 8 Tier 1 blockchains. AUDD is backed 1:1 by Australian dollars held in bare trust at Australian authorised deposit-taking institutions (ADIs), with reserves independently attested monthly by William Buck. AUDC holdsAustralian Financial Services Licence 700123, authorising dealing and advising in non-cash payment products, basic deposit products, and government securities. AUDC's subsidiary Dexah Pty Ltd holds AUSTRAC Digital Currency Exchange registration, ensuring full AML/CTF Act 2006 compliance. AUDC is ISO 27001 certified. Since launching in November 2022, AUDC has processed over $2 billion in cumulative transaction volume across remittance, OTC, institutional treasury, trade finance, and DeFi settlement use cases. AUDD is listed on Coinbase, Swyftx, and 5+ additional centralised exchanges, and is deployed on Stellar, Ethereum, Ripple XRPL, Solana, Hedera, Base, XDC, and RedBelly networks. AUDC participated in the Reserve Bank of Australia's Project Acacia CBDC pilot and was selected as the first commercial implementation of Hedera's Stablecoin Studio globally. AUDC is a member of Blockchain Australia and the Stablecoin Standard, and is ISO 27001 certified by SAI Global. | $860.6K | Pre-Seed | Jun 01, 2022 |  |
| Reckon | Reckon is well known as a leading provider of software solutions for accounting and bookkeeping professionals, as well as small to medium sized businesses, small office/home office users and personal wealth management sectors in Australia and New Zealand.The fledgling company is funded by the $2,000 credit limit on Phil's Visa cardand a loan against Greg"s old Commodore.When Reckon Software Pty Limited opens for business, its only other asset is Phil’s delivery van which is used for door-to-door sales.Greg's co-worker in London, Steve Rickwood, moves to Sydney and joins the company as an equal partner. Steve stayed with the firm until 2000 but remains a major shareholder. | $17M | Post-IPO Equity | Jul 01, 2021 |  |
| Reckon | Reckon is well known as a leading provider of software solutions for accounting and bookkeeping professionals, as well as small to medium sized businesses, small office/home office users and personal wealth management sectors in Australia and New Zealand.The fledgling company is funded by the $2,000 credit limit on Phil's Visa cardand a loan against Greg"s old Commodore.When Reckon Software Pty Limited opens for business, its only other asset is Phil’s delivery van which is used for door-to-door sales.Greg's co-worker in London, Steve Rickwood, moves to Sydney and joins the company as an equal partner. Steve stayed with the firm until 2000 but remains a major shareholder. | $17M | Post-IPO Equity | Jul 01, 2021 |  |
| Novatti B Holding Company | Novatti B Holding is an australian proprietary company. | $13M | Series A | May 04, 2021 |  |
| International Bank of Australia | International Bank of Australia will be a global payments bank, licensed in Australia, that will provide banking and payments services to support the increasing global mobility of capital, commerce and people. | $13M | Series A | May 04, 2021 |  |
| Lifepay | Digital Mobile Wallet | $1.4M | Seed | Jul 04, 2020 |  |
| SplitPay | Payments service provider providing Buy Now Pay Later services in the UK. | $202K | Seed | May 01, 2019 |  |
| Send Payments | SendFX provides cross-border payment and remittance services to individuals and SMEs. | $505K | Seed | Mar 01, 2019 |  |

9 of 9 investments shown.

## Co-investors
- [BC Investment Group](https://shizune.co/investors/profile/bc-investment-group) — VC Fund, 2 deals together
- [G1 Ventures](https://shizune.co/investors/profile/g1-venture-capital) — VC Fund, 1 deal together
- [InWelt Holdings](https://shizune.co/investors/profile/inwelt-holdings) — VC Fund, 1 deal together

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## FAQ

### What does Novatti Group invest in?

Novatti Group invests primarily in Financial Services, Finance and Software startups, most often at Seed and Series A stage. Most of the 9 investments tracked by Shizune back companies in Australia. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Novatti Group's check size?

Novatti Group typically joins rounds of $202k–$3.3M at Seed and $13M–$13M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Novatti Group participates in.

### How do I contact Novatti Group?

Public channels for Novatti Group include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Novatti Group?

The team at Novatti Group includes Adel Shahin (Head Of Marketing), George Spanoudakis (Head Of Business Development) and Mark Maglaras (Chief Operating Officer & Sales Director), among 8 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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