OV Loop
Founded 2019 · 30 employees on LinkedIn · 3 known investors
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OV Loop builds a Web3 commerce platform comprising a SuperWallet for secure private transactions, an Embedded POS system for merchant engagement, and EV Services for ride-hail and delivery. The platform serves consumers and merchants seeking frictionless, privacy-focused commerce experiences with integrated rewards and payment systems.
Also known as Ocean Loop · OV · OV Loop, Inc.
Founders & leadership
OV Loop was founded in 2019 by Will Graylin.
Investors · 3
Company profile
researched Aug 2026OV Loop operates two connected offerings. For consumers, the OV Loop app is described as a universal private wallet, mall and messenger in which users store payment cards, bank accounts, memberships, IDs, gift and loyalty cards, passwords and crypto keys, holding their own credentials and security keys. Features include an integrated OV Cash Card Mastercard proxy card that generates a one-time-use CVC/CVV per transaction and is presented as masking purchases on bank statements, an OV Valet payment fob accessory, tap-and-pay in store and online, a cryptographically secured Lockbox for passwords, security keys, NFT keys and wallet recovery phrases that the company states its own administrators cannot access, 1-tap rewards from participating brands, and hands-free chat with brands stored in the wallet. The card requires identity verification rather than a credit check and is free for the first year, then $9.99 per year.
For brands, OV Loop provides an omni-channel engagement and relationship platform combining 1-tap payment, loyalty and messaging, positioned to work without changes to an existing e-commerce site or point-of-sale system. Brands can send offers across channels, build campaigns and promotions, message customers 1:1 or by audience, and run a branded "VIP Loop." The company packages this as Local Loop for community merchants, National Loop for nationwide brands, and Specialty Loop for industry-specific privacy-sensitive use cases, plus an Embedded Wallet SDK that supports open- and closed-loop payments, branded virtual and physical cards, SKU-level cash-back rewards and digital coupons, and is pitched as reducing interchange fees. The company also describes an embedded POS product for engaging and rewarding customers across devices, channels and AI agents.
OV Loop additionally describes EV transport services that manage fleets of electric vehicles from the cloud, using the OV SuperWallet to screen GO Loop drivers, schedule work, grant vehicle access and handle payment for local ride-hail and delivery services. Under the Ocean Loop brand, the company operates a direct-to-consumer service for Fisker Ocean owners in North America and Europe.
Founding story
The company states its founders are mobile wallet and point-of-sale pioneers whose teams and inventions were behind Samsung Pay, LoopPay, Roam Data and Hypercom, and that its founders and team have been working in commerce for more than two decades.
Business model
OV Loop sells a brand-facing commerce and engagement platform (including an embedded wallet SDK and embedded POS) alongside a consumer wallet app, aiming to earn from merchant transaction and marketing relationships while brands reach consumers inside the wallet through a network effect. Consumer monetization includes the OV Cash Card, free for the first year and $9.99 annually thereafter. Its Ocean Loop unit sells a $499 per year connectivity, OTA update and support subscription to Fisker Ocean owners, with one-time paid OS upgrades ($299 for OS 2.5, $499 for OS 2.6, $299 for the upcoming OS 2.7) available individually or in bundles.
Subscription and per-upgrade fees in the Ocean Loop vehicle-software business; annual card fees on the consumer OV Cash Card after a free first year; brand/merchant platform and SDK offerings positioned around lower transaction, interchange and marketing costs.
Traction
Ocean Loop has delivered OS 2.5 and OS 2.6 releases to Fisker Ocean owners, with testimonials from owners in the United States, the United Kingdom and the Netherlands, and reports growing weekly subscriber sign-ups. OV Loop describes a growing list of participating merchants in its rewards program.
Latest developments
Ocean Loop offers a $499 per year subscription covering 4G connectivity, OTA updates through OS 2.2.3, the O Loop app, remote diagnostics and support; OS 2.5 (infotainment and performance) and OS 2.6 (Android Auto, Apple CarPlay via Carlinkit, PKC 22, Hollywood Mode) are sold as one-time add-ons, and OS 2.7 (AI Box, VCU24 powertrain enhancements, landscape mode, touch-bar climate controls) is announced as upcoming. A FAST Service offering provides remote diagnostics from OV Loop or an authorized FAST technician, and a $25/$25 referral program is live.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Positions itself as a Web3 U.S. super-app with a universal patented wallet, claiming tap-and-pay acceptance at more locations than Apple Pay and greater direct merchant savings. In the automotive segment it describes itself as the only authorized software provider for Fisker Ocean vehicles, engaged by American Lease and the Fisker bankruptcy trustee.
Consumer control of credentials and keys, a proxy card with per-transaction one-time-use codes intended to shield bank and card details, an administrator-inaccessible encrypted lockbox, and integration that requires no changes to a merchant's existing point-of-sale or e-commerce systems. The company also cites a defensible patent portfolio and founders with prior mobile wallet and POS experience.
Technology
Patented wallet and payment technology, including host card emulation (HCE) patents the company says became standard for tokenized payments in the U.S. and abroad. The consumer app uses proxy card technology with dynamic one-time-use CVC/CVV codes, user-held blockchain-era security keys, and an encrypted personal-key Lockbox vault. The brand platform provides an embedded POS and an embedded wallet SDK supporting open- and closed-loop payments and SKU-level rewards without POS or e-commerce changes. Ocean Loop delivers over-the-air vehicle OS updates, 4G/LTE cloud connectivity, remote diagnostics, module and PKC resets, and an O Loop mobile app with phone-as-key, remote lock/unlock, battery status, California Mode, cabin preconditioning and location tracking.
Go-to-market
Direct sign-up and app download for consumers, "Request a Demo" and contact-driven sales for brands, and an SDK for national brands embedding the wallet in their own apps. Ocean Loop is sold direct-to-consumer online, supported by a referral program paying $25 to the referrer and $25 off the first year for the new subscriber, with community outreach in owner forums and social groups.
Consumers seeking a private wallet for payments, credentials and rewards; local merchants, national brands and privacy-sensitive specialty industries seeking direct customer relationships; and, through Ocean Loop, Fisker Ocean vehicle owners in North America and Europe.
Geography
United States-focused commerce products, with Ocean Loop serving Fisker Ocean owners in North America and Europe. Patents are issued in the U.S. and held in Australia, Brazil, Canada, China, Europe, France, Germany, Korea, South Africa and the United Kingdom. More than 75% of development staff work remotely, with multiple company locations coordinated via video meetings.
History
OV Loop built a consumer super-wallet app, an embedded POS and wallet SDK for brands, and later added EV transport services managing vehicles from the cloud for GO Loop drivers. It subsequently launched Ocean Loop, a direct-to-consumer service supporting Fisker Ocean owners after Fisker Inc.'s closure, shipping OS 2.5 and OS 2.6 updates with OS 2.7 announced as upcoming.
Risks & controversies
The Ocean Loop business depends on an engagement with American Lease and the Fisker bankruptcy trustee following Fisker Inc.'s closure, and its site notes subscription fees are non-refundable and that cancellation ends cloud access, support and eligibility for future OTA updates. The site also acknowledges an active defect in which some statistics display incorrectly in the O Loop app.
Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 2
by search overlap
Companies competing with OV Loop for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 5
launches, deals, and filingsOV Loop states it was hired by American Lease and the Fisker bankruptcy trustee to manage OTA updates, 4G/LTE connectivity and connected cloud infrastructure for Fisker Ocean vehicles, describing itself as the only authorized software provider for those vehicles.
OV Loop offers an Embedded Wallet SDK supporting open- and closed-loop payments, branded virtual and physical cards, SKU-level cash-back rewards and digital coupons within a brand's own app.
Ocean Loop introduced FAST Service, offering remote diagnostics from OV Loop or service from an authorized FAST technician.
Ocean Loop released OS 2.6 for the Fisker Ocean, adding smartphone projection via Carlinkit (Android Auto and Apple CarPlay), phone mirroring, Voice AI, PKC 22 BLE and FOB improvements, remote power on and Hollywood Mode.
OV Loop launched Ocean Loop, a direct-to-consumer service providing cloud connectivity, mobile network access, OTA software updates, remote diagnostics and feature upgrades for Fisker Ocean owners in North America and Europe following Fisker Inc.'s closure.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 7
primary sources listed
- OV Loopovloop.com · web
7 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does OV Loop do?
- OV Loop runs a private consumer super-wallet and mall app plus an omni-channel commerce platform for brands.
- Who founded OV Loop?
- OV Loop was founded by Will Graylin in 2019.
- Who are OV Loop's investors?
- OV Loop's investors include Liebenthal Ventures, Sparq Capital (SFO), The Hive.