Exciting news! 🌍📱✨🚀 Okoora has launched a new mobile app for seamless cross-border business. Now available on Android and iOS, the app lets you manage transactions in over 100 currencies, create payment beneficiaries, and issue payments on the go. Synced with our ABCM™ platform, it offers currency management tools wherever you are - The new mobile app empowers businesses to manage their foreign currency needs efficiently and effectively, no matter where they are. For Android >> bit.ly/4dCo0Cn For iOS >> bit.ly/4ddzBIx #fintechnews #Fintech #MobileApp #GlobalPayments #CurrencyManagement
okoora
Financial Services
Fintech game-changer. Creators of Automated Business Currency Management™
About us
Okoora empowers businesses to better manage their currency operations. Our advanced solutions streamline cross-border financial processes and reduce currency risk for organizations of all sizes. Okoora is the creator of Automated Business Currency Management (ABCM™), an AI-powered, cloud-based Currency OS that simplifies the complexity in planning, executing, and managing cross-border currency transactions. ABCM™ aggregates all currency transactions over an intuitive financial infrastructure. Send and receive local and global payments. Open fee-less local accounts in 100+ currencies wherever you conduct business. Take complete command of your cashflow. Create informed, real-time currency risk management strategies that significantly reduce your enterprise’s exposure to fluctuating exchange rates. It enables any user to see currency trends as they unfold and make smarter decisions that suit their strategic needs. The company also offers a versatile plug-and-play Banking-as-a-Service (BaaS) technology suite for businesses seeking to transform their financial infrastructure or augment their customer-facing services with embedded financial services.
- Website
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https://okoora.com/
External link for okoora
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- Bnei Brak
- Type
- Partnership
- Founded
- 2022
- Specialties
- exchange rate, overseas payment, currency exchange for business, currencies payments for business, Hedging, and Currency Hedging
Products
Locations
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Primary
Derech Sheshet HaYamim 30
Bnei Brak, IL
Employees at okoora
Updates
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Okoora integrates real-time market data from banks, other financial institutions and market data providers like Bloomberg. This information can then be accessed via the ABCM user interface or, when utilizing the BaaS APIs, the client’s own chosen interface. The behind-the-scenes process makes currency #conversions and #payments much simpler to plan and optimize. GET STARTED NOW >> bit.ly/40izTbx
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Read a great article by Okoora CEO Benjamin (Benny) Avraham on Finextra about the challenges of automating currency management 👇🏽
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We at okoora are super-proud with our collaboration with the "מתחשבים - نتعاون - Mitchashvim " project. Starting from October 7th, Okoora in Israel has donated dozens of computers, monitors, and peripheral equipment to the "Mitchashvim" project (part of the 2B-Friendly NGO) for families from the south and north who were affected by the war and had to evacuate their homes. This is achieved by reusing old computers, promoting social values, sustainability, and environmental preservation. The upgrading of computers is done by senior volunteers and by employing people with disabilities.
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When the market moves so do the risk and opportunities that you face. Stay constantly up to date on what your next best move might be. Okoora offers you a straightforward summary of the risks and opportunities you face in tune with market movements. As a result, you should always have some sort of idea of what next step you should be considering. GET STARTED NOW >> bit.ly/3zKE06M
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As the #Olympics unite the world through sport and achievements, Okoora connects the #business world with advanced and personalized FX solutions. At Okoora, we understand the importance of efficient currency risk management, just like athletes who plan every move to achieve maximum success. Let's win together the gold medal in global financial management! 🌍🏅 Whether you're facing currency fluctuations or need tailored financial services, we're here to support you every step of the way. #Fintech #FXSolutions #RiskManagement
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We are excited to celebrate reaching over 10,000 followers on #LinkedIn! It's been fantastic watching our community of followers grow in tandem with the expansion of our product ecosystem. Stay tuned to our LinkedIn channel as we update with more important company news and product updates 🙏🏽✨🚀 #fintech #finance #okoora #ABCM
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As the company ABCM user admin, you can set permissions levels to allow #Finance department colleagues to access and issue mass #payments to employees if you so choose. This way, if you are a CFO or company owner, you don’t need to approve every salary payment every time the company does payroll. With okoora, you can not only schedule regularly occurring payments to foreign-based employees, but also hedge them to reduce or eliminate the risk that FX rate changes will significantly impact your company’s operating costs. GET STARTED NOW >> bit.ly/3zKE06M
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okoora reposted this
Poland is quickly emerging as a leading fintech hub in Central-Eastern Europe, and okoora, an innovative fintech startup, is making its mark in this dynamic market. In our latest episode, Sylwia Ziemacka talks to Benjamin (Benny) Avraham, founder and CEO of Okoora. With a history of saving customers $3 billion in its home market, Okoora is set to revolutionize the way Polish businesses handle cross-border currency transactions. Discover why Poland, with its strong integration into global trade and a vibrant fintech ecosystem, is becoming a prime destination for fintech innovation. Enjoy the video! #PolandFintech #FintechStartups #Okoora #BenjaminAvraham #PolishMarket #BusinessExpansion #Entrepreneurship #CurrencyOS #CrossBorderBusiness #PolandWeekly #EuropeanExpansion #FintechInnovation
Simplifying Cross-Border Currency Transactions for Businesses
https://www.youtube.com/
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Wondering what the heck is going on with the Japanese yen? Here's the latest update: The Japanese yen (JPY) appreciated significantly last Thursday, likely due to intervention by the Japanese central bank. The exchange rate fell about four yen to 158 per dollar amid reports of weak U.S. inflation, suggesting a potential Fed rate cut. Market sources reported that the Bank of Japan checked euro-yen exchange rates on Friday morning, often seen as a precursor to intervention. Japanese Finance Minister Shunichi Suzuki declined to comment on any intervention or rate check. Last week's events follow earlier interventions in April and May by the Bank of Japan in the FX markets, caused by a strengthening of the dollar against the yen to a level not seen since the 1990s. #currency #currencynews #fintech