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OV Loop acquires Skipti to facilitate efficient and sustainable transportation

PRIVATEJul 22, 2024

Acquiring Company

OV Loop

Acquired Company

Skipti

BostonBostonSoftwareE CommerceFintechInformation Technology

Description

OV Loop has announced the acquisition of Skipti, a transportation facilitator focused on helping drivers, retailers, and consumers schedule, deliver, and return rentable products. This acquisition accelerates OV Loop’s journey to build America's SuperApp commerce network, strengthening its capabilities in facilitating efficient and sustainable transportation.

Quick answer

OV Loop is acquiring Skipti, announced July 22, 2024. OV Loop is based in Boston, Massachusetts, United States.

How much did OV Loop pay for Skipti?
The deal value was not disclosed.
What does OV Loop do?
OV Loop, Inc. is America’s only cross platform tap & pay wallet/super-app and omnichannel commerce platform for people, merchants, and brands.
Where are OV Loop and Skipti based?
OV Loop is based in Boston, Massachusetts, United States. Skipti is based in Boston, Massachusetts, United States.
Who are the decision-makers at OV Loop?
Fundz holds 1 contact at OV Loop. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

OV Loop

Location

Boston, Massachusetts, United States

About

OV Loop, Inc. is America’s only cross platform tap & pay wallet/super-app and omnichannel commerce platform for people, merchants, and brands. It helps merchants and brands directly reward and engage users via users’ private self-custody wallet and helps consumers protect their identity while allowing them to tap & pay with their private cash at more places than Apple Pay, Google Pay, and Samsung Pay combined. OV Loop empowers people to protect their own digital identities and to shop and save from brands in their Loop more seamlessly. It improves user experiences and unit economics for all parties in the Loop to create powerful network effects not possible with standalone apps.

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Frequently asked

Who acquired Skipti?

Skipti was acquired by OV Loop, based in Boston. The deal was reported on July 22, 2024. OV Loop, Inc. is America’s only cross platform tap & pay wallet/super-app and omnichannel commerce platform for people, merchants, and brands. OV Loop is privately held and operates in Software.

When did OV Loop acquire Skipti?

OV Loop's acquisition of Skipti was reported on July 22, 2024. OV Loop has announced the acquisition of Skipti, a transportation facilitator focused on helping drivers, retailers, and consumers schedule, deliver, and return rentable products. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Skipti do?

It is privately held, operating in Information Technology, and is based in Boston.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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