Swiss-Israeli fintech startup Okoora is expanding the reach of its AI-powered platform to multiple European countries.
, “Europe’s fintech sector has moved quickly from the fringes of the financial landscape in Europe to its core.
Companies in Europe, similar to all businesses worldwide, are particularly exposed to this risk in 2023. Nick Sando, principal at Octopus Ventures, one of the largest and most active venture capital investors in Europe,at the end of last year: “It feels like we can continue to expect material foreign exchange volatility due to economic and political actions [in 2023].
Using Okoora's unified command center, businesses gain control over their foreign currency cash flow, enabling seamless global payments across more than 100 currencies worldwide. Since the platform's launch in January 2022, Okoora has experienced significant growth, attracting over 7,000 large companies and small businesses as customers.
“One of the strengths of the Israeli fintech ecosystem is its diversification across subsectors and the agility of builders to pursue new innovative domains,” says a recentfrom Startup Nation Central.
"Our advanced AI-based risk management system continuously analyzes customers' activities, unique characteristics, and the business environment. This, combined with tailored alerts and recommendations, has led to significant financial gains for Israeli businesses, totaling billions of shekels,” Avraham said in a statement.“Building on this success, we now aim to expand our unparalleled technological solution to organizations throughout Europe.
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