Company: OWLS
Filing Date: 2025-09-19
Form Type: F-1/A
Source: 0001193125-25-208098
Chunk: 162

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-19
Form: F-1/A
Chunk 162
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 2018 by offering innovative solutions to hotels and other
hospitality industry customers through our platforms, including the OwlNest hotel property management system, or PMS, that leverages blockchain technology to prevent double bookings.
We also launched the OwlJourney, an online travel agency, or OTA, platform that benefits from accurate real-time inventory data from integration with OwlNest’s inventory
system, to empower travel service providers with optimized efficiencies. In addition, our OwlTing Experiences, also an OTA, focuses on offering curated local activity and tour options
for lodging guests, enriching their travel experiences beyond accommodations.

As we further developed our presence in the hospitality
industry, we also gained a first-hand understanding of the challenges of cross-border payments faced by our hospitality clients. We saw the issues faced by our hospitality clients and their two most prominent pain points in the payment process: high
processing costs from cross-border transactions and delayed settlement from the payers, including large OTAs.

In response, we launched
OwlPay in 2023 intending to enable businesses in the hospitality sector and beyond to use stablecoins and/or fiat currency in payouts to global suppliers. OwlPay is an
application programming interface, or API, based payment suite with secure, real-time and cost-effective one-stop payment solutions covering a range of services from payment gateway to business payout. Using
blockchain technology and developer-friendly APIs for integration, OwlPay aims to payments for both businesses and consumers.

OwlPay is a full-stack payment service suite that supports multiple payout settlement routes, not only in fiat currency but also
in stablecoin USD Coin (“USDC”) backed by U.S. dollar-denominated assets, through various product offerings. We currently offer various solutions for both platform solutions that provide user interfaces to our end users and
infrastructure solutions that support third-party providers, through OwlPay Payment, OwlPay Wallet Pro and OwlPay Harbor within the OwlPay suite. OwlPayPayment provides user interfaces that offer services
ranging from payment gateway to various payout solutions in stablecoin and fiat currencies. OwlPay

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Wallet Pro is a platform product that provides a hosted wallet for business customers and an unhosted wallet for individual users, supporting stablecoin on/off-ramp services and enabling
both business and individual customers to receive and send money both domestically and internationally within minutes, with stablecoins over the public blockchain ledgers Ethereum, Avalanche, Polygon, Optimism, Arbitrum and Stellar. In addition,
OwlPay Wallet Pro recently introduced a digital