Oveit

Oveit is a fintech company specializing in digital solutions for experiential commerce, founded in 2015 by Mike Mihai Dragan and Andrei Stefan. The company provides an integrated ecosystem for both virtual and in-person events, targeting clients such as festival organizers, amusement parks, and retailers. The founders' backgrounds are complementary; Dragan has over 15 years of experience in product development and digital marketing, while Stefan brings 20 years of expertise in general management and finance from corporate and startup environments.

The company's core business revolves around a suite of interconnected products designed to manage the entire event lifecycle. This includes event registration, ticketing, and access control. A key differentiator is its emphasis on cashless and closed-loop payment systems. Through the Oveit Pay app, vendors at an event can use NFC-enabled smartphones as point-of-sale terminals. Attendees use NFC wristbands or cards, which can be pre-loaded with funds, to make secure, tap-to-pay transactions for merchandise, food, and drinks, which streamlines operations and enhances the guest experience. For event organizers, the platform provides valuable real-time data on sales and attendee behavior, enabling them to optimize strategies.

Oveit has also embraced blockchain technology by offering NFT ticketing. This service allows organizers to mint and sell tickets as NFTs, which can bundle exclusive perks and help address security risks and scalping issues inherent in traditional ticketing. The company has partnered with Polygon to facilitate this process. Furthermore, Oveit has expanded into the livestream shopping market with its Streams.live solution, a tool that integrates interactive live video sessions with e-commerce functionalities, allowing retailers to engage with customers and drive sales directly through live presentations. The business generates revenue through tiered subscription plans (Starter, Pro, and Hub) as well as transaction fees, offering flexibility for events of different scales.

Keywords: experiential commerce, cashless payments, NFT ticketing, event management software, live stream shopping, access control systems, RFID wearables, event technology, closed-loop payments, point-of-sale, visitor management, virtual events, hybrid events, event registration, ticketing platform, blockchain ticketing, fintech solutions, amusement park payments, festival payment solutions, interactive video