Company: OWLS
Filing Date: 2025-09-03
Form Type: F-1
Source: 0001193125-25-195057
Chunk: 7

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-03
Form: F-1
Chunk 7
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 to other use cases.

By building our expertise in blockchain ledger transaction models, we concluded that the prevention of double spending with the use of
timestamps and proof of work could also be utilized in the hospitality industry, which faces the need to address double-booking problems. We thus expanded into the hospitality sector in 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.

2

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 Harborwithin theOwlPaysuite. OwlPay Payment provides user
interfaces that offer services ranging from payment gateway to various payout solutions in stablecoin and fiat currencies. OwlPay Wallet Prois a platform product that provides a hosted wallet for business customers and an unhosted
wallet for individual users, supporting