Israeli-Swiss fintech start-up, Okora (okoora), has announced its entry into the Polish market. The company has developed an AI-based cloud platform for managing global payments, banking, and risk management. Okora aims to make it easier for businesses in Poland to plan, manage, and execute cross-border foreign exchange transactions through its Automated Business Currency Management (ABCM™) platform.
The decision to enter the Polish market was influenced by Poland’s position as a member of the European Union with its own currency, the zloty, and a thriving fintech industry. With 368 fintech companies active in Poland and global fintech giants establishing R&D centers in the country, it presented an attractive opportunity for Okora.
Okora’s entry into Poland will include sales offices, a marketing and customer service team, and an R&D center to support further product development. The company believes that foreign exchange management solutions can benefit from a revolution and see Poland as an ideal starting point for their expansion plans.
Since the launch of the ABCM platform, Okora has saved businesses in Israel over NIS 11 billion in international foreign exchange transactions. The company has experienced significant growth, registering a 465% increase in payment transactions and a 161% increase in protection transactions against currency fluctuations in the last year.
Founded in August 2021 by Benny Avraham, Okora became profitable in 2023 and operates as a bootstrap without external investments. The company has around 100 professionals across multiple countries and is looking to recruit additional employees to support its growth in Israel and abroad.
