Photo - Ove Touch & Go
58378

Ove Touch & Go

USA, California
Market: Financial services, Electronics, Other, Crypto currency, Mobile applications
Stage of the project: Idea or something is already done

Date of last change: 27.08.2022
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Idea

A one-touch payment and fraud protection platform that allows customers to seamlessly pay with fingerprints, and businesses to securely accept fingerprint payments.

Current Status

- SW application in the app store
- Sensor (HW product) designed, prototype complete, Contract Manufacturer engaged
- Patent Applied
- Payment processing company contract complete w/ access to 5000 merchants
- 2 FTE founders, 1 PTE founder, dev team, 3 advisors
-Pre-seed Funding Secured and complete $500K

Problem or Opportunity

In the US, there are too many different payment tools that customers can use to pay at point-of-sale, such as cash, physical cards, smartphones and watches, but at the end customers are always dependable on them to make purchases creating lack of engagement and convenience, and increasing of churn rates. Markets forecasts the global customer experience management market size will reach USD 16.9 billion by 2026.

Solution (product or service)

A one-touch payment and fraud protection platform that allows customers to seamlessly pay with fingerprints, and businesses to securely accept fingerprint payments.

We bring “Freedom” to customers, and “Peace of Mind” to businesses through Fingerprints

Business model

- Payment Transaction fees
- SaaS for merchants
- Sensor Sales, but secondary importance
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