Orain is an IoT payment platform that combines a customizable Point of Sale system with a digital wallet, enabling businesses to accept micropayments through multiple channels without transaction fees or initial investment. The platform provides real-time telemetry and automated consumption monitoring, enhancing cashless payment security and operational efficiency for various business types.
Funding
$5.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
BPFounders
Product
Problem
Many businesses, especially those dealing with low-value transactions, face challenges in accepting micropayments due to high transaction fees and the complexity of integrating various payment systems. Existing solutions often lack real-time monitoring capabilities, making it difficult to track consumption and prevent fraud in cashless payment environments.
Solution
Orain provides an IoT-enabled payment platform that combines a customizable Point of Sale (PoS) system with a digital wallet, enabling businesses to accept micropayments across multiple channels without incurring transaction fees. The platform offers real-time telemetry and automated consumption monitoring, enhancing the security and efficiency of cashless payment operations. Businesses can leverage Orain's integrated solution to streamline payment processing, reduce operational costs, and gain insights into customer behavior through detailed consumption reports and business analytics. The system supports various payment methods and integrates directly with a business's existing infrastructure, eliminating the need for complex integrations with banks or other third-party providers.
Target Audience
Orain primarily targets businesses that handle frequent micropayments, such as vending machine operators, self-service laundries, coffee services, and electric vehicle charging stations.
Features
- Customizable Point of Sale (PoS) system adaptable to various business types
- Integrated digital wallet for seamless micropayment processing
- Real-time telemetry for monitoring cashless payments and preventing fraud
- Automated consumption monitoring system for accurate tracking of product usage
- Corporate App for self-managed services, business metric tracking, and incident resolution
- Data module for business management, providing real-time insights and analytics
- Support module for efficient incident resolution and technical assistance
- Payment module for quick and easy money transfers to bank accounts