Ondot Systems
payments . mobile/digital wallet . bankingtech . new core banking solutions . regtech . authentication and fraud prevention . digital cards
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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.
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:
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
M&A
ACQUIRED BY
Fiserv
ANNOUNCED DATE
Dec 2020
PRICE
---
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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