Last updated 2026-06-18
- Acquired by Nayax, Jun 2022
- Raised $2.5M funding round, Dec 2019
Total raised
$2.5M
Last: 2019-12
Stage
Acquired
Founded
1990
Headcount
153
HQ
Yokne'am Illit, Israel
Sector
Fintech & Insurtech
About
On Track Innovations provides cashless payment solutions, including near-field communication products, that are used in businesses such asbanking, mobile network operators, vending machines, mass transit, gas stations, and parking. OTI's field-proven suite of cashless payment solutions is based on an extensive global IP portfolio of 35 patent families and more than 100 patents and patent applications. OTI won the 2017 AI Award for Best Cashless Payment Solutions Provider Israel.
Funding history · 1 round · $2.5M total
2019-12
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.
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
| 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
| Founded | 1990-2 |
|---|---|
| Employees (exact) | 153 |
| 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 2022-06
Radar intelligence
Patents
| EPO | 45 |
|---|
Wikidata
| QID | Q111950660 |
|---|