OVE Touch & Go: Funding Biometric Innovations in Retail Payments

Published Date: 1/08/2024

OVE Touch & Go is raising equity funding to commercialize its cutting-edge biometric payment technology, featuring a fingerprint scanner and point-of-sale terminals.

"OVE Touch & Go, a pioneering company in biometric retail payment technology, has turned to crowdfunding platform StartEngine to accelerate the commercialization of its innovative fingerprint point-of-sale (POS) terminals. The company is currently seeking $3 million in funding, offering 15 percent of its common stock, with a target of $1.23 million on the StartEngine platform. 

OVE has already raised over $500,000, according to its StartEngine page, and has unveiled a prototype of its fingerprint biometric scanner, which allows users to link their fingerprints with payment cards and accounts. The company's technology enables biometric payments through a seamless fingerprint scanning process, eliminating the need for physical payment methods. 

The company's pitch on StartEngine cites the massive potential of the POS platform and mobile POS payments markets, estimated to be worth a combined $172 billion. OVE's app and scanner are protected by two patents, and the company collaborates with Fingerprint Cards on sensor co-development. 

Getting listed on StartEngine is a significant milestone for OVE, according to CEO Caio Buchalla. 'StartEngine's stringent process ensures that only the most promising startups can raise funds on their platform,' Buchalla says. 'This includes verified technology, granted patents and trademarks, accurate financials, background checks on all team members, and, of course, innovation.'

OVE claims a $20 million valuation, and investors can acquire equity in OVE Touch & Go for $3 a share, with a minimum investment of $249. With its cutting-edge technology and innovative approach to retail payments, OVE Touch & Go is poised to revolutionize the industry.

 Information 

OVE Touch & Go is a biometric payment technology company that develops innovative fingerprint-based solutions for retail payments. The company's mission is to provide secure, convenient, and seamless payment experiences for consumers and merchants alike.

StartEngine is a leading crowdfunding platform that enables innovative startups to raise funds from a community of investors. With a stringent vetting process, StartEngine ensures that only the most promising startups can raise funds on its platform."

FAQs:

"Q: What is OVE Touch & Go's biometric payment technology?

A: OVE Touch & Go's biometric payment technology uses fingerprint recognition to enable secure and convenient payments.

Q: How does OVE Touch & Go's fingerprint scanner work?

A: OVE Touch & Go's fingerprint scanner allows users to link their fingerprints with payment cards and accounts, enabling biometric payments through a seamless fingerprint scanning process.

Q: What is the potential market size of POS platform and mobile POS payments?

A: The potential market size of POS platform and mobile POS payments is estimated to be worth a combined $172 billion.

Q: How much funding is OVE Touch & Go seeking?

A: OVE Touch & Go is seeking $3 million in funding, offering 15 percent of its common stock.

Q: What is the minimum investment required to acquire equity in OVE Touch & Go?

A: The minimum investment required to acquire equity in OVE Touch & Go is $249."

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