OVEIT

oveit-logo

The problem: There is no easy and reliable way to set up closed loop economies and payments. Closed loop economies can empower ecosystems, from festivals, to venues, to smart cities. However, setting this type of systems has been historically expensive and hard to implement, given the cost of hardware, security concerns. As globalization extends, a new way of empowering local economies needs to be used. We think we can do this with our closed loop payments system, which is based on a combinati... on of private and public blockchain and uses machine learning algorithms for fraud detection and prevention. From a consumer point of view a local closed loop economy can now be easily set up by just starting an account online and downloading a mobile app. Our solution: Oveit provides a closed loop payments solution for businesses, events or local governments. With Oveit they can easily become a local payment processor, getting access to local payment processing, decreasing costs, improving revenue and gaining data insights. We use a combination of private and public blockchain, in order to secure and distribute data. On demand, we allow customers to access their data. They can see how funds are used and how they interact with to the ecosystem's vendors, marketing sponsors and more.

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OVEIT

Social Links:

Industry:
Artificial Intelligence Biometrics Blockchain Computer Vision Facial Recognition FinTech Payments Software Ticketing

Founded:
2016-01-15

Address:
Austin, Texas, United States

Country:
United States

Website Url:
http://www.oveit.com

Total Employee:
1+

Status:
Active

Contact:
650 319 7337

Email Addresses:
[email protected]

Total Funding:
603.89 K USD

Technology used in webpage:
Viewport Meta IPhone / Mobile Compatible Google Font API Google Analytics WordPress Google Universal Analytics Font Awesome Domain Not Resolving Apache Wordpress Plugins


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Current Employees Featured

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Victor Stanciu
Victor Stanciu CTO @ Oveit
CTO
2016-01-01

mike-mihai-dragan_image

Mike Mihai Dragan
Mike Mihai Dragan COO @ Oveit
COO
2019-02-01

Founder


mike-mihai-dragan_image

Mike Mihai Dragan

Investors List

seedblink_image

SeedBlink

SeedBlink investment in Seed Round - Oveit

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Clever Capital

Clever Capital investment in Seed Round - Oveit

Newest Events participated

iaa-global-conference-2019_event_image Participated in IAA Global Conference 2019 on 2019-10-17 as sponsor

Official Site Inspections

http://www.oveit.com Semrush global rank: 1.84 M Semrush visits lastest month: 12.22 K

  • Host name: 46.101.108.54
  • IP address: 46.101.108.54
  • Location: Frankfurt am Main Germany
  • Latitude: 50.1188
  • Longitude: 8.6843
  • Timezone: Europe/Berlin
  • Postal: 60313

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