The fintech startup okoora has made conducting cross-border business much more convenient and easier thanks to the launch of its new mobile app. Available on both Android and iOS, the app provides business users with on-the-go transaction capabilities in both local and foreign currencies, multi-currency wallets, and is synced with the desktop version of okoora’s ABCM™ platform. ABCM™ is okoora’s AI-powered cloud platform for global payments, banking and risk management. The app extends the core functionalities of the ABCM™ platform to a mobile device that lets them exchange and send money, preventing unnecessary delays in business transactions.

The new okoora mobile app enables business users to conduct financial transactions in over 100 currencies across more than 150 countries while on the go. Users can create payment beneficiaries and issue payments directly from their smartphones to save time. The app enables businesses of all sizes to open new wallets and top them up with local or foreign currency, and users can effectively manage their international finances outside the office.

The app's features reduce the risk of businesses being blindsided by currency fluctuations while the owner or key personnel are on business trips or otherwise out of the office; thus, improving overall financial control. The app also supports user plan upgrades and the addition of new users. This empowers businesses with the means to manage their financial operations without being tied to a desktop.

“The new mobile app marks another milestone in our commitment to empowering businesses of all sizes with advanced currency management tools,” said Benjamin Avraham, CEO and Founder of okoora. “This move is designed to ensure that our users can manage their foreign currency needs efficiently and effectively, no matter where they are.”

Since the launch of its ABCM™ platform in January 2022, okoora has experienced remarkable growth, with over 15,000 registered customers in the corporate sector and among SMEs. The company achieved profitability in 2023 and continues to operate as a bootstrap without external investments, while it actively recruits to support its ongoing expansion.

Okoora was founded in 2021 by Benjamin Avraham, founder of Israel’s Ofakim Group with more than 20 years of experience in corporate financial risk consulting. The company was recently ranked as one of Israel’s four most promising fintech startups and as one of the world's top 250 fintech companies by CNBC/Statista. Its clients include, among others MAX, one of Israel’s top three credit card companies, and the UK-based Paysend, which is backed by Mastercard. In February 2024 the startup announced that it has achieved cumulative savings of more than $3 billion for its customers through international foreign exchange transactions to date.