Ondot Systems

Ondot Systems

payments | mobile/digital wallet | bankingtech | new core banking solutions | regtech | authentication and fraud prevention | digital cards
website linkedin address
  • FOUNDING YEAR: 2011
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    18 Oct, 2019

Description

Ondot Systems is the creator of Mobile Card Services, a white-label solution that gives consumers control over payment cards.

FOCUS

PRODUCTS & SERVICES:
Card Control - CardControl empower consumers to switch cards on and off, and set card usage preferences by location, merchant categories, transaction types, and spend limits. Card Alerts - CardAlerts enable consumers to set transaction alert preferences similar to CardControl, and are instant and actionable. Self Service - Self Service enables consumers to view detailed information and perform common tasks relating to their cards, accounts and transactions on-the-go. mConsole - mConsole provides product managers and support personnel with views into product adoption dashboards, custom reports, and customer troubleshooting functions. Fraud Watch - Fraud Watch Fraud Watch enables risk managers to enroll their entire card portfolio and create control rules on-the-fly to monitor cards for potential fraud. Ondot provides Financial Institutions with a comprehensive management suite to manage operational and customer support aspects of Mobile Card Services.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Lone Star National Bank & others.
COMMENT
Users can lock or unlock cards with a single touch and specify location preferences for payments by region and proximity.

PEOPLE

FOUNDERS:
Rachna Ahlawat
Board Members and Advisors:
Samuel Ginn, Arun Sarin
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Citi Ventures

TRACTION

VALUATION / MARKET CAP:
$135 MM in 2015
ACTIVE USERS:
15.5000

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$51 Millions
DATE OF LAST FUNDING:
Oct 2018
FUNDING SERIES:
SERIES A
$18 Million Closed: Apr 2014
SERIES B
$33 Millions Closed: Oct 2018
COMMENTS
SERIES B : An undisclosed amount of funds were raised.
LISTED:
NO

LATEST RESEARCH