Total raised
$2.5M
Last: PIPE 2019-12
Stage
Acquired
Founded
1990
Headcount
153
HQ
Yokne'am Illit
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
PIPE
$2.5M
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