# Onvi Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/onvi-tech

- Industry: Software
- Headquarters: Maidenhead, UK
- Website: www.onvi.com
- Total disclosed funding: $10M
- Latest round: Seed (Oct 12, 2018)
- Investors on record: 1

## About

Onvi Tech LTD, based in the UK, is a payment processing company specializing in mobile applications that enable businesses to conduct credit and debit card transactions seamlessly using Tap to Pay technology.Onvi Tech LTD, founded in 2015 in Maidenhead, UK, operates as a payment processing company. The firm has raised a total of GBP 4.34 mn across several funding rounds, with its most recent funding round occurring on July 31, 2021, led by West Hill Capital. The company focuses on enhancing its product offerings and has plans to close its Series A funding this spring. Founder Prask Sutton has a history of fostering innovation in financial technology.Onvi Tech Ltd operates as a payment processing company, offering a mobile application that facilitates credit and debit card transactions via Tap to Pay technology. This core product allows users to accept payments directly on their smartphones, eliminating the need for traditional hardware setup. The app is compatible with both iPhone and Android devices, allowing for seamless integration with optional hardware such as card readers and receipt printers. Onvi’s services address common challenges faced by businesses, including managing deposits to reduce no-shows and sending payment links to customers through various channels like email and WhatsApp. The primary clientele includes small to medium-sized businesses across various sectors in the UK, particularly focusing on industries like retail and personal services where immediate payment processing is crucial.Onvi generates revenue through transaction fees associated with its payment processing services. Clients utilize the Onvi app to process payments, and the company benefits from a percentage of each transaction completed through its platform. This structure allows businesses to retain full control over their earnings, benefitting from features like Instant Withdrawals, which provide immediate access to funds. There are no monthly contracts or hidden fees, positioning Onvi as a cost-effective solution for its users. The pricing model is designed to be straightforward, allowing businesses to avoid traditional subscription costs, thereby facilitating a high volume of transactions across its user base.In July 2021, Onvi Tech LTD raised GBP 4.34 mn in venture funding led by West Hill Capital, which will be utilized to accelerate the development of its data-driven product offerings. The company aims to grow its market share in the UK and build on its early presence in the US market. Additionally, Onvi plans to close its Series A funding this spring, which will further support its strategic initiatives.

## Funding rounds

- Seed, Oct 12, 2018, $10M — West Hill Capital

## Investors

- West Hill Capital (https://capitalatlas.ai/funds/west-hill-capital) — Seed