Fintech company Okoora has been acknowledged again by CNBC and Statista, placing it among the top 250 global fintech firms for the second consecutive year.
Okoora, a pioneering fintech company, delivers an AI-powered, embedded FX infrastructure designed to streamline global operations for banks, payment providers, SaaS platforms, and cross-border businesses. The flagship offering, the FX360 engine, integrates seamlessly into existing platforms, providing real-time FX intelligence, automated rate optimisation, liquidity routing, built-in compliance, and more.
Core Features of Okoora's FX360 Engine
- Real-Time FX Intelligence: Okoora's platform delivers live FX data and analytics, enabling businesses to make decisions based on current market conditions, not outdated information.
- Automated Rate Optimisation & Liquidity Routing: The system scans global liquidity pools constantly to secure the best rates and routes transactions efficiently, reducing costs and improving execution speed.
- Currency Risk Management & Automated Hedging: Clients can automate FX hedging and manage currency risk directly within their workflows, minimising exposure to volatile markets.
- Multi-Currency Wallets & Payments: Businesses can open, manage, and top up wallets in multiple currencies, send and receive payments in over 100 currencies across 150+ countries, and manage all these operations via a unified desktop or mobile interface.
- Embedded Compliance: The infrastructure is built with compliance in mind, scaling to meet regulatory demands without adding operational overhead.
Benefits for Global Operations
- Stability: By automating hedging and providing real-time risk management, Okoora helps businesses avoid unexpected losses from currency fluctuations, ensuring more stable, predictable financial operations.
- Control: Users gain institutional-grade control over their FX exposures, payments, and liquidity, all accessible from a single, user-friendly platform.
- Speed to Market: Integration via partnerships with firms like DashDevs means fintechs and financial service providers can quickly deploy Okoora’s FX capabilities within their own products, accelerating global expansion and product launches.
- Scalability: The solution is designed to grow with clients, supporting everything from small businesses to large enterprises.
- Reduced Operational Burden: By embedding FX infrastructure as an invisible layer, Okoora eliminates the need for clients to manage multiple vendors or maintain complex FX back-office systems.
Practical Application
A cross-border business can use Okoora’s mobile app to instantly check live rates, execute payments in multiple currencies, and set up automated hedges—all from a smartphone. This means they can respond to market changes immediately, even when traveling, and never miss an opportunity or fall victim to adverse currency moves.
Comparison with Traditional Approaches
| Feature | Okoora Embedded FX Infrastructure | Traditional Bank FX Systems | |-------------------------------|-----------------------------------------------------|-------------------------------------| | Real-Time Intelligence | Yes, AI-driven | Often delayed or manual | | Automated Hedging | Yes, integrated | Manual or third-party | | Multi-Currency Management | Yes, via wallets & payments | Often fragmented | | Compliance | Built-in, scalable | May require extra integration | | Speed to Market | Fast, via API integration | Slow, custom development | | Operational Overhead | Minimal, “invisible” layer | High, requires ongoing management |
Conclusion
Okoora’s innovative FX infrastructure—centered on the FX360 engine—empowers banks, payment providers, SaaS platforms, and cross-border businesses to operate globally with stability, control, and agility. By embedding advanced FX capabilities directly into clients’ systems, Okoora removes the complexity and risk traditionally associated with international finance, enabling faster, safer, and more scalable global growth.
This recognition of Okoora's FX360 engine is another milestone in the company's mission to redefine how businesses experience foreign exchange. The technology allows these businesses to do so without needing to build complex FX operations themselves. Okoora's inclusion in the CNBC and Statista's Top 250 Fintech Companies for the second consecutive year reflects its growth and its emergence as a foundational layer for global business operations. The FX360 engine is embedded inside ERPs, platforms, and financial systems, and is not just about managing risk, but about running foreign exchange as an integral part of business operations.
- Integrated Financial Management: Okoora's FX360 engine provides integrated financial management solutions for businesses, combining real-time FX intelligence, automated rate optimization, currency risk management, and multi-currency wallets into a unified platform.
- offsets Business Complexity: The fintech company's embedded FX infrastructure aims to simplify global operations for various industries, including finance, business, and payment providers, by eliminating the need for complex FX back-office systems and multiple vendors.
