Fintech company Okura – one of the top 100 start-ups in Europe

The fintech startup company Okora, which developed an AI-based cloud platform for managing global payments, banking and risk management, was selected to the list of the top 100 startup companies in Europe of the prestigious competition The Europas for 2024. Last July, Okora was included in the list of the top 250 fintech companies In the world of CNBC/Statista for 2024 and now she wins, As mentioned, in another prestigious achievement in Europe.

The Europas competition was founded in 2009 by Mike Butcher, the general editor of Tech Crunch. In the last 16 years since its establishment, it has crowned the most successful and ambitious start-up companies in Europe in 20 categories including: fintech, insurtech, cyber security, foodtech, edtech, agtech and more. Among the winners to be included in this list in the past years are the companies Spotify, Wise, Deliveroo, Farfetch and Starling Bank which have become leading companies in their fields.

Okura has developed an integrated platform for businesses that work in an international trade environment (Cross-Border) and unlike other payment and banking companies, it offers a unique model that provides operational tools that every business needs, such as: accounts, wallets, conversions, payments, flow management, invoices and more, along with tools Built-ins for currency risk management that Okura provides in a unique way. The platform, based on artificial intelligence, is connected to a very large network of banks, clearing houses and transaction rooms, which allows the company’s customers to receive the best price for each transaction at any given moment, with AI tools working continuously to identify opportunities and threats in the changing environment of exchange rates. The platform helps businesses of all sizes and types navigate their way confidently in the global market.

In February 2024, Okura announced that it had achieved cumulative savings of over NIS 11 billion for businesses in Israel in international foreign exchange transactions since the launch of the platform, with most of the savings achieved during the year 2023. In this year, Okura recorded an 83% growth in the number of customers, as well as an increase of 465% in the payment transactions made by its customers and a 161% increase in the amount of protection transactions Fluctuations in currency rates.

Abraham’s sonsfounder and CEO of Okura: “We are entering the European market with giant strides and the amazing thing is that already in the first stages of our activity we won the recognition of one of the most prestigious competitions on the continent as one of the leading startups in the fintech field. We recently announced our entry into the Polish market, which includes the establishment of sales offices, a marketing and customer service team, as well as an R&D center that will support further product development. I have no doubt that this award, combined with our activities in several European countries, is the opening shot of large-scale activity on the continent that will accelerate in the coming years.” .