The wallet you wear. Ticketing, cashless payments and access control - all living on a single tap.
"Smart Tickets are to traditional tickets what the iPhone was to previous mobile phones."
Oveit, Austin. A logo that promises less standing in line - the whole company is a bet that the technology at an event should disappear so the day can show up.
Here is a small, slightly absurd fact about the events business: for decades the ticket, the payment and the door were three separate systems run by three separate vendors, and none of them talked to each other. You bought a ticket online, paid with a card at the gate, then hunted for an ATM to buy a beer. Everybody accepted this. Oveit, a company founded in 2016 and now run out of a low-slung office on Wild Basin Road in Austin, decided not to.
The company's premise is that if a ticket is really just a piece of data, then that data can carry more than a seat number. It can carry your payment credentials, your access rights, your membership status and your rewards. Put that data on a chip inside a wristband - the RFID/NFC wearable Oveit likes to call "the wallet you wear" - and suddenly one tap does the work of a card, a key and a ticket at once.
This is not a wildly novel idea in the abstract; wristband cashless systems have existed at large festivals for years. What Oveit did was unbundle the enterprise-grade version and hand it to everyone: waterparks, zoos, resorts, museums, sports venues, conferences and the local festival that cannot afford a six-figure integration project. It is, in its own words, "The Great Connector," which is the kind of phrase a company uses when it has decided integration is more valuable than replacement.
The result is a platform that is boring in the best possible way. Operators sell tickets and memberships, take payments on-site through Oveit's point-of-sale, control who gets in with the same wearable, and read it all back in real time. Co-founder and CEO Andrei Stefan says the automation handles "about 90% of their workload." That is a claim worth being skeptical of, but the direction is clear: make the operator's job smaller, not the guest's world bigger.
"We think the event technology market is ripe for disruption in a way that we have never seen before."
Oveit is modular. Operators switch on the pieces they need and leave the rest.
Online and on-site ticket sales, real-time bookings, season passes and memberships - built to turn a one-time visit into a repeat habit.
A closed-loop, cashless wallet on an RFID/NFC wristband or mobile pass. No cards near the water slide, no ATM hunt at the festival.
Contactless access control tied to the same wearable, so entry and gating run off the same identity as the payment.
*Share of operator workload Oveit says its automation handles. Figures are company-reported and approximate.
Online + on-site sales, real-time bookings, passes and memberships.
RFID/NFC wristbands and mobile passes as a closed-loop cashless wallet.
Contactless entry and gating on the same credential as payment.
Point-of-sale for concessions, retail and services across venues.
Live shopping and interactive video commerce for brands and retailers.
Programmable, verifiable tickets built in partnership with Polygon.
Recurring memberships and season passes to drive repeat visits.
AI agents and analytics that automate a large share of daily work.
Oveit was co-founded by Andrei Stefan, its CEO, and Mike Mihai Dragan, its COO. Stefan brings a background in organizational and financial management and executive education from Harvard and Rice; Dragan has been the public face of the company's live-commerce ambitions, arguing that live shopping "will change the world." It is a pairing of the operator and the product evangelist, which is roughly the shape most durable software companies take.
The team is small - 13 people, by the company's own count - which is either a constraint or a feature depending on your view of software. Oveit treats it as a feature. A 13-person company that touches ten million visitors a year is not running on headcount; it is running on automation, and that is precisely the bet the founders keep doubling down on with AI sales agents and analytics.
The company's story is also a survival story. When live events collapsed in 2020, Oveit pivoted - first to virtual, then to live shopping with Streams.live, then to hybrid events, then to AI and blockchain features. Stefan says the company doubled revenue year over year for three consecutive years and reached break-even. Reported annual revenue sits around $1.4M on roughly $1M raised, which is an unfashionably lean way to build in an industry addicted to megarounds.
Oveit founded to unify ticketing, payments and access for live experiences.
Launches Streams.live, a live shopping platform later used by L'Oreal, Samsung and Tefal.
Launches NFT ticketing in partnership with Polygon Studios.
Closes a SeedBlink round (~$440K) to expand the platform.
Repositions as unified waterpark, resort and attractions software with new AI sales agents.
Profile compiled from public sources. Figures are company-reported and approximate.
Oveit is an Austin-based event technology company that runs ticketing, registration, cashless payments and access control on a single platform. Founded in 2016 by Andrei Stefan and Mike Mihai Dragan, it turns RFID/NFC wristbands and mobile passes into the wallet visitors wear at waterparks, theme parks, festivals, resorts and conferences - handling sales, entry and on-site spending in one closed loop. The company has extended into live shopping (Streams.live), NFT ticketing and AI sales agents, positioning itself as an all-in-one operating system for live experiences.
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