Last updated 2026-07-23
- Acquired by Nayax Ltd. for $4.5M, Jun 2022
Total raised
—
Last: Undisclosed Round 2019-12
Stage
Acquired
Founded
1990
Headcount
52
HQ
Yokne'am Illit, Israel
Sector
Fintech & Insurtech
About
On Track Innovations Ltd. (OTI) was an Israeli technology company founded in 1990, specializing in the design, development, and marketing of secure contactless microprocessor-based smart card solutions and Near Field Communication (NFC) technologies for cashless payments. Their products enabled micropayments, mass transit ticketing, parking management, loyalty programs, and applications in unattended environments such as vending machines, self-service kiosks, and automatic refueling systems. OTI operated globally, serving customers in over 55 countries. The company was publicly traded on the OTCQX market under the ticker OTIVF until its acquisition by Nayax Ltd. in June 2022.
Headcount over time
52 employees (2026-09) · 1 point
Offices
Yokne'am Illit, Israel · HQ / main office
Show all offices (3 more)
- Krakw, Poland
- South Africa
- Plano, United States
Q&A
- What is On Track Innovations' primary business?
- On Track Innovations provides cashless payment solutions, including near-field communication products, for various sectors such as banking, mobile network operators, vending machines, mass transit, gas stations, and parking.
- When was On Track Innovations founded?
- On Track Innovations was founded in February 1990.
- What is the employee count for On Track Innovations?
- On Track Innovations has an employee count in the 51-200 range.
- What is the total amount of funding raised by On Track Innovations?
- On Track Innovations has raised a total of $2,500,000.
- When was On Track Innovations' last funding round and who participated?
- On Track Innovations' last funding round occurred in December 2019, with participation from Jerry L. Ivy.
- What is the current status of On Track Innovations?
- On Track Innovations was acquired by Nayax in June 2022 and has ceased to operate.
- What intellectual property does On Track Innovations hold?
- On Track Innovations' cashless payment solutions are based on an extensive global IP portfolio of 35 patent families and more than 100 patents and patent applications.
- Where is On Track Innovations headquartered?
- On Track Innovations is headquartered in Yokne'am Illit, Israel.
Team · 17
Yehuda Holtzman
Chief Executive Officer
Sandra B. Hardardottir
Chairman of the Board
Assaf Cohen
Chief Financial Officer
Sagi Nataf
VP Operations and Engineering
Nehemya Itay
Chief Scientist
Amir Eilam
CEO
Donna Marks
Director
Uri Arazy
Director
Michael Shanahan
Director
Leonid Berkovitch
Director
Alexandra (Sasha) Nevretdinova
Head of Payment Solutions | Europe, Russia & CIS, Middle East
Itzchak (Eko) Aduk
Senior Product Development Engineer
Charlotte Hambly-Nuss
VP Petroleum Products and Payment Solutions
Dror Segal
Test Engineering Leader
Olga Fastovetsky
Automation Developer
Shane Prebenda
Head of OTI North America (Product Strategy & Solutions)
Alon Zilberman
Controller
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechMoney Transfer & Management
Technologies
Data StorageSensingPlatforms & InterfacesAPI
Target customers
Transportation & LogisticsTransportation InfrastructureCommerce & RetailDistribution ChannelseCommerce PlatformsOmni ChannelConsumer GoodsFood Retail & ConsumptionRestaurantsGovernment & CityMunicipalitiesMedia & EntertainmentEventsConsumers
Business model
B2CB2B
Highlights
1 Patents
Tags
banksfintechmobile-paymentspaymentssmart-cityhardwaremobile-devicesnfcparkingticketingiotcard-paymentswearable
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | otiglobal.com |
|---|---|
| linkedin.com/company/165360 | |
| X / Twitter | twitter.com/otiGlobal |
| facebook.com/otiGlobal | |
| YouTube | youtube.com/channel/UCuCE-DmPXEL6wm7o7MRMeAA |
| Wikipedia | en.wikipedia.org/wiki/On_Track_Innovations |
| Wikidata | wikidata.org/wiki/Q111950660 |
Identifiers & details
| Legal name | On Track Innovations Ltd. |
|---|---|
| Founded | 1990-2 |
| Employees (exact) | 52 |
| Offices | Krakw; South Africa; Plano |
| Status reason | Acquired (Inactive) by Nayax on Jun 2022 - ceased to operate |
| Wikidata QID | Q111950660 |
Acquisitions & public offerings
Acquired by Nayax Ltd. 2022-06 $4.5M
Radar intelligence
Patents
| EPO | 45 |
|---|
Web history (Wayback)
| Domain | otiglobal.com |
|---|
Wikidata
| QID | Q111950660 |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 520042862 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 1990-02-15 |
| Purpose | לעסוק בסוגי עיסוק שפורטו בתקנון |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2025 |
| Active charges / liens | 0 |
| Registry events | 0 |
| Registered address | אריק איינשטיין 3 הרצליה |