Israeli-Swiss fintech start-up Okora (okoora) has developed an AI-based cloud platform for managing global payments, banking, and risk management. The company is entering the Polish market to expand its operations within the European Union. This move will include sales offices, a marketing and customer service team, as well as an R&D center to support further product development.
Okura’s entry into Poland will facilitate businesses in planning, managing, and executing cross-border foreign exchange transactions. Their Automated Business Currency Management (ABCM™) platform helps manage risks associated with currency volatility. Additionally, Okura offers banking services (BaaS) through APIs, enabling fintech companies, banks, and financial institutions to offer combined banking services with transactions and hedging options.
The decision to expand to Poland was influenced by the country’s membership in the European Union, the use of its currency (the zloty), and the thriving fintech industry there. With 368 active fintech companies and the presence of global players like Binance, Curve, Kevin, Revolut, and Tink, Poland presents a strategic market for Okura.
The value of bank assets in Poland is significant, and small and medium-sized businesses are the main target audience for Okura. Founder and CEO Benny Avraham believes that entering the Polish market aligns with their goal of revolutionizing foreign exchange management solutions. Since its launch in 2023
