Fintech Company Okoora Launches in Germany with White-Label Core System APIs

Okoora, a provider of integrated solutions in the field of embedded finance and risk management, has announced its entry into the German market. At the same time, the fintech company is introducing a global partner program.

The aim of the market entry in Germany is to provide embedded finance solutions and a set of core APIs for financial institutions, fintech companies and companies outside the financial services sector. Companies in Germany can use Okoora’s solutions for their own operational business or integrate them into their own service offerings to ensure seamless customer service, the company said.

Plus: SaaS platform for SMEs

In Germany, Okoora also wants to expand access to its SaaS platform to small and medium-sized companies. This is already the case in markets such as Poland. Okoora’s offerings include, among other things, multi-currency accounts, global payments, currency conversions and currency risk management through hedging.

Okoora licenses for international customers

In parallel with entering the new geographical market, the fintech company is introducing a partner program. It is aimed at professionals such as lawyers, insurance agents, auditors or financial advisors. By marketing Okoora licenses to internationally active customers, the participants in the partner program can open up additional sources of income, Okoora says. Customers, in turn, benefit from the fintech’s solutions, such as managing cross-border activities in multiple currencies.

“Both the expansion into the German market and the launch of our new global partner program are important milestones on our growth path. We see that cross-border trade continues to increase and with it the demand for more efficient financing solutions. These inevitably have to go beyond what traditional banks offer. At Okoora, we are proud to be able to offer these solutions to companies of all sizes in a growing number of key markets,” said Benjamin Avraham, founder and CEO of Okoora

Okoora enables customers to seamlessly process cross-border business and transactions. The corporate solution combines wallet, payment, FX risk management and embedded finance functions. With the help of the platform and a range of APIs, financial institutions and fintech companies are able to streamline their processes, minimize currency risks and open up new revenue opportunities.

According to Okoora, the fintech company’s AI-based financial platform makes it easier to open foreign currency accounts, supports transactions and enables payments and receipts in 180 countries.

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(Featured image by Anastasiia Nelen via Unsplash)

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First published in IT-Finanzmagazin. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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