TEL
AVIV, Israel and ZURICH,
Switzerland, May 9, 2024
/PRNewswire/ -- Swiss-Israeli fintech startup okoora has been
named as the winner of the 2024 Digital Banking Award in the Forex
Management category by IBS Intelligence, a leading global financial
technology research, news analysis, and advisory firm. A ceremony
announcing all the 2024 Digital Banking Award winners was held last
month in Bengaluru, India. The
fourth edition of the Digital Banking Awards by IBS Intelligence
evaluated over 60 technology projects across multiple
geographies.
"The Digital Banking Awards epitomize the transformative shift
in banking, celebrating both digital pioneers and traditional
institutions for their adaptability and innovation," said
Nikhil Gokhale, Director of Research
and Digital Properties at IBS Intelligence. "IBS Intelligence
recognized this year okoora's excellence in Forex Management, with
their innovative ABCM platform and commitment to empowering
businesses of all sizes with effective currency risk management
solutions."
"We are honored to be recognized by IBS Intelligence as the
winner of the 2024 Digital Banking Award for Forex Management,"
said Benjamin Avraham, CEO and
founder of okoora. "This is further validation of okoora's
innovative, AI-based approach to assisting companies of all sizes
with their currency management operations. This award is a
testament to our team's dedication and commitment to delivering
solutions that empower our clients."
Okoora, which has already gained 15,000 registered clients, is
the creator of the Automated Business Currency Management (ABCM™)
integrated cloud platform that manages global payments,
transactional banking, and currency risk management. Okoora is also
the first company in the world to offer an API in the field of
currency risk management.
Okoora has taken significant strides toward expanding into new
markets over the past year, particularly in Europe. At the end of last year, it opened a
new branch in Limassol, Cyprus.
The company plans to launch a new office in another European
country in the beginning of the second half of the year. This move
is part of a longer-term plan to serve the millions of businesses,
especially small and medium-size enterprises, operating within the
EU.
About Okoora
Okoora, established in 2021 by Benjamin
Avraham, the founder of Ofakim Group – Israel's premier financial risk management
firm, currently boasts a committed team of 100 professionals across
Israel, Switzerland, Germany, India and Cyprus. With sights set on further European
expansion, okoora is gearing up to expand its workforce, aiming to
bolster its operational capacity and provide outstanding service to
its growing clientele. Okoora, which achieved profitability in
2023, operates as a bootstrap and is self-financed.
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SOURCE Okoora