Okura: Israeli Fintech Start-up Enters Polish Market, Revolutionizing Cross-Border Foreign Exchange Management

Okura, the Israeli-Swiss fintech start-up, is expanding its operations in Europe by entering the Polish market. This move will help businesses manage cross-border foreign exchange transactions and execute risk management strategies. The company has developed an AI-based cloud platform that offers banking services through APIs and Automated Business Currency Management (ABCM™) to manage risks associated with currency volatility.

Okura’s entry into 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 global players like Binance, Curve, Kevin, Revolut, and Tink present in the country, Poland presents a strategic market for Okura.

The value of bank assets in Poland is significant, and small and medium-sized businesses make up a large portion of the economy. These are the main target audience for Okura’s ABCM platform. Founder and CEO Benny Avraham believes that this expansion aligns with their goal of revolutionizing foreign exchange management solutions.

Since its launch, Okura’s ABCM platform has saved Israeli businesses over NIS 11 billion in international foreign exchange transactions. The company has experienced significant growth in transaction volumes and protection transactions against currency fluctuations. As a profitable entity since 2023, Okura operates independently without external investments and employs professionals in multiple countries to support their growth.

This expansion marks an important step in Okura’s European market strategy driven by Poland’s economic indicators, banking sector, and currency conversion volumes between the Israeli shekel and Polish zloty. It positions Okura to provide valuable financial solutions to businesses in Poland and beyond.