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OV Loop

“Can a hardware-rooted universal wallet become the privacy-first commerce OS that reconnects banks, merchants, and consumers without big-tech intermediaries?”

Founded2020
HQUnited States
FoundersWill Graylin, George Wallner
IndustryFintech / Consumer banking
The story

Founded by payments hardware veterans who created Samsung Pay's magstripe emulation technology, OV Loop pivoted from pure hardware (the OV Valet Superkey fob) into a full-stack super wallet and commerce network. The platform combines a universal mobile wallet, Bluetooth payment device, loyalty/rewards engine, and brand engagement tools into a single app — positioning itself as a privacy-first alternative to big tech wallets. The embedded finance angle is the closed-loop payment network that promises ~50% lower interchange fees and merchant-funded cashback rewards distributed through an app SDK.

Last 12 months
—
Product timeline
2020
OV Loop launched as a universal digital wallet and commerce platform by payments veterans Will Graylin (co-creator of Samsung Pay magstripe tech) and George Wallner (founder of Hypercom).· pivot
2020
Announced OV Valet Superkey — a Bluetooth IoT payment device enabling contactless payments at 94% of point-of-sale terminals including legacy magstripe readers.· card
2023
Launched OV Loop App as a super wallet combining payments, loyalty, messaging, social networking, cashback, and vault capabilities for consumers and brands.· banking
The stack
3 layers disclosed in OV Loop’s embedded-finance stack
Payments / PSP
OV Loop (self-operated closed-loop network)
Banking / BaaS
in the full report
Sponsor bank
in the full report
Accounting gap: none
2 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.