About Oltio
Oltio is a company based in Sandton (South Africa) founded in 2010 was acquired by Ukheshe in November 2020.. Oltio offers products and services including Payment Processing, eCommerce Platform, Hosted Services, and Professional Services. Oltio operates in a competitive market with competitors including Flutterwave, PayU, Yoco, Network International and Ozow, among others.
- Headquarter Sandton, South Africa
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Sectors
Financial Services
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Mastercard
& 1 more
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Employee Count
Employee Count
- Acquired by
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Products & Services of Oltio
Oltio offers a comprehensive portfolio of products and services, including Payment Processing, eCommerce Platform, Hosted Services, and Professional Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Handles secure electronic payments and transaction management.
Enables affordable and flexible online shopping solutions.
Provides end-to-end hosted payment solutions with compliance.
Offers implementation and monitoring for payment systems.
Funding Insights of Oltio
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Oltio
Oltio has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Mastercard and Ukheshe. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Global payments are processed via card network connections.
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Founded Year | Domain | Location | |
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End-to-end electronic payment solutions, including hardware and software, are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Oltio
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Oltio
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Oltio Comparisons
Competitors of Oltio
Oltio operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flutterwave, PayU, Yoco, Network International and Ozow, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of payment processing solutions for businesses
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| domain | founded_year | HQ Location |
Online payment processing and credit solutions are provided for businesses.
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| domain | founded_year | HQ Location |
Payment processing solutions are offered to businesses and merchants.
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| domain | founded_year | HQ Location |
Network International is recognized as a leading digital payment provider in the Middle East and Africa.
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| domain | founded_year | HQ Location |
Payment processing solutions are provided for businesses and merchants.
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| domain | founded_year | HQ Location |
Global payment processing is facilitated for businesses through diverse methods.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Oltio
Frequently Asked Questions about Oltio
When was Oltio founded?
Oltio was founded in 2010.
Where is Oltio located?
Oltio is headquartered in Sandton, South Africa. It is registered at Sandton, Gauteng, South Africa.
What does Oltio do?
Oltio is a joint venture of MTN and Standard Bank. It provides mobile-centric financial solutions to consumers allowing them to make online payments using their mobile as an ID. The product is called payID, the mobile authentication solution, where in the user once (first-time user) links their payment card on the payID portal; the card details are encrypted and store on SIM card. Thus, for any future transactions, the payer chooses payID as a payment option on merchant website, receive a text on the phone, enter the card PIN (ATM PIN) to authenticate payment. payD is also called as Mastercard mobile and allows customers to buy airtime directly from mobile network operators and allows transactions on e-commerce sites using Mastercards pin based products. It has more than 200 vendors on board.
Who are the top competitors of Oltio?
Oltio's top competitors include PayU, Flutterwave and Yoco.
What products or services does Oltio offer?
Oltio offers Payment Processing, eCommerce Platform, Hosted Services, and Professional Services.
Who are Oltio's investors?
Oltio has 2 investors. Key investors include Mastercard, and Ukheshe.