Okoora’s AI-powered platform
Okoora, a Swiss-Israeli fintech business, has customized the ABCM™ platform to meet the special needs of startups for managing global payments, banking, and risks. Okoora’s ABCM™ platform, powered by AI, offers operational tools, currency risk management, and access to a vast bank and transaction room network.
Since its introduction in January 2022, Okoora has gained over 7,000 corporate and SMB customers in Israel. In its first year, these consumers made tens of thousands of billion-dollar transactions. All ABCM license buyers in 2022 renewed for 2023, suggesting great customer satisfaction and the platform’s currency management performance.
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Features
- The technology simplifies currency transactions and helps startups of all sizes navigate the global market securely.
- Okoora’s ‘Banking as a Service’ approach lets entrepreneurs pay for services without licenses.
- Okoora’s platform helps startups manage global currency transactions like receiving investment funds, protecting value from exchange rate fluctuations, and making cross-border payments in over 100 currencies with unique currency risk mitigation tools.
- Startups using Okoora’s platform for money management and customer service are improving their offerings.
- A shipping business offers currency hedging, while real estate and payroll processing startups add platform features to their offerings.
- The platform’s comprehensive functionality and ease of usage make it appealing to entrepreneurs aiming to streamline their currency activities and boost their worldwide competitiveness.
- To boost efficiency, stability, and foreign currency protection, venture capital funds are encouraging startups to use Okoora.
- Okoora’s AI-powered platform can make millions of dollars and save losses by providing real-time currency conversion advice.
- Startups struggle to negotiate the volatile and complex global foreign currency market without sophisticated tools.
- Okoora’s technology helps investors guarantee their portfolio firms act properly in currency markets, lowering risks and optimizing rewards.
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Banking as a Service strategy
Okoora will add services and currencies to its platform. The company’s Banking-as-a-service strategy allows strategic partnerships with large global and Israeli financial institutions. These partnerships will enable millions of end users to use Okoora’s products with their financial infrastructure. Okoora has partnered with Max, a leading Israeli credit card company, to integrate its ABCM™ platform for their payment and risk management needs. Paysend, a global payment platform, will enter the Israeli market with the help of another recent agreement that will provide technological infrastructure.
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Okoora’s ‘Banking as a Service’ concept lets startups pay only for the services they use without licenses. This method frees entrepreneurs from license costs and gives them more currency management freedom. Startups can use Okoora’s API to open currency accounts, make and receive payments, convert currencies, and hedge risk. The platform is customized for entrepreneurs, providing a complete solution to securely navigate the worldwide market.
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