Ondot Systems

paymentsmobile/digital walletbankingtechnew core banking solutionsregtechauthentication and fraud preventiondigital cards

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 19/01/2021

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About

Ondot Systems is the creator of Mobile Card Services, a white-label solution that gives consumers control over payment cards. Headquartered in Silicon Valley, Ondot brings together an experienced management team from mobile, security, and payment card industries who share a vision of transforming how consumers interact with their financial institutions.

MEDICI Analysis

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

Ondot’s business model calls for banks to pay a monthly fee for each active user of its app, called CardControl. Revenue model is based on charging a licensing fee from the banks per user they offer the services to.

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.

Traction

VALUATION / MARKET CAP:

$135 M in 2015

COMPANY TYPE:

For Profit

ACTIVE USERS:

15.5000

People

FOUNDERS

Rachna Ahlawat

BOARD MEMBERS AND ADVISORS

Samuel Ginn

Arun Sarin

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Citi Ventures

KEY EMPLOYEES:

Bharghavan Vaduvur

Momentum

FUNDED

NO

NUMBER OF FUNDING ROUNDS

2

TOTAL FUNDING

$23 M

DATE OF LAST FUNDING

Oct 2018

IPO STATUS

Private

ESTIMETED REVENUE RANGE

Less than $1M

LISTED

NO

company provided insights
Acquisitions

M&A

ACQUIRED BY

Fiserv

ANNOUNCED DATE

Dec 2020

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

29,208

AVERAGE VISITS (6 MONTHS)

31,718.08

MONTHLY VISITS GROWTH

-27.3%

VISIT DURATION

517

VISIT DURATION GROWTH

-0.02%

PAGE VIEWS VISIT

6.12

PAGE VIEWS VISIT GROWTH

8.64%

BOUNCE RATE

29.48%

BOUNCE RATE GROWTH

-17.04%

GLOBAL TRAFFIC RANK

611,836

MONTHLY RANK CHANGE

-23,169

MONTHLY RANK GROWTH

-3.65%

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