About OTI
OTI is a company based in Rosh Pinna (Israel) founded in 1990 was acquired by Nayax in January 2022. It operates as a Product-as-a-Service, and B2B2C. OTI offers products and services including otiMetry System, Payment Terminals, Payment Readers, Controllers & Gateways, and Management Suites. OTI operates in a competitive market with competitors including Nayax, Kerv, MatiPay, Beep and Seshaasai, among others.
- Headquarter Rosh Pinna, Israel
- Stage Public
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name On Track Innovations Ltd
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Products & Services of OTI
OTI offers a comprehensive portfolio of products and services, including otiMetry System, Payment Terminals, Payment Readers, Controllers & Gateways, and Management Suites. 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.
Contactless payment system is developed for unattended markets.
Terminals are provided for secure contactless payment transactions.
Readers are designed for EMV certified payment acceptance.
Controllers are built for managing payment system integrations.
Suites are offered for remote payment system management.
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Funding Insights of OTI
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $2.5M
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First Round
First Round
(02 Jan 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Post-IPO - OTI | Valuation |
investors |
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| 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 OTI
OTI has secured backing from 1 investor. Prominent investors backing the company include Nayax. 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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Payment solutions for vending machines are provided, including telemetry systems.
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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 OTI
| 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 - OTI
| 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 |
Oti Comparisons
Competitors of OTI
OTI 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 Nayax, Kerv, MatiPay, Beep and Seshaasai, 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 |
Payment solutions for vending machines are provided, including telemetry systems.
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| domain | founded_year | HQ Location |
Contactless payment rings are manufactured for wearable transactions.
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| domain | founded_year | HQ Location |
Vending machine payments are enabled via an app-based wallet.
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| domain | founded_year | HQ Location |
Mobile payment solutions for vending machines are enabled.
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| domain | founded_year | HQ Location |
Payment solutions, communication services, and IoT-enabled RFID technologies are provided.
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| domain | founded_year | HQ Location |
GPS navigation devices and wearable technology are manufactured.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Oti
Frequently Asked Questions about OTI
When was OTI founded?
OTI was founded in 1990 and raised its 1st funding round 30 years after it was founded.
Where is OTI located?
OTI is headquartered in Rosh Pinna, Israel. It is registered at Rosh Pinna, Northern District, Israel.
What does OTI do?
Contactless payment solutions are pioneered by OTI, focusing on unattended market verticals such as kiosks, vending machines, entertainment centers, mass transit, and fuel management. Cutting-edge NFC technologies are incorporated to simplify EMV payment integrations. Solutions are provided to operators and integrators with a global IP portfolio of over 25 patents. Operations are supported in 55 countries with a growing Fortune 500 customer base.
What products or services does OTI offer?
OTI offers otiMetry System, Payment Terminals, Payment Readers, Controllers & Gateways, and Management Suites.
Who are OTI's investors?
OTI has 1 investor. Key investors include Nayax.
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