Lithuanian OKEO calls on Mambu for a multi-currency payment offer

OKEO, a digital payment service provider for European businesses and entrepreneurs, has gone live on Mambu’s cloud banking platform.

OKEO goes live on Mambu technology

Mambu says its platform will help OKEO offer multi-currency payments at rates “up to five times better” than traditional institutions with delivery times ranging from “minutes to maximum one day” for any selected currency.

OKEO says it was looking for a cloud-native platform that could facilitate regulatory processes and integrations with European payment systems.

Katarzyna Kwiatkowska, CEO of OKEO, explains that the company chose Mambu because its “composable approach” will allow it to respond quickly to changing customer needs.

“While Mambu keeps the lights on in the back-end, our team can focus on the customer-facing front-end, new features, and rich financial services,” adds Kwiatkowska.

Founded in 2019 in Vilnius, Lithuania, OKEO claims its payment platform maximizes profitability and gives businesses greater control over their finances.

It provides business IBAN accounts and online banking services for teams to manage profiles, set permissions and limits, and perform payment transactions.

The fintech says it is currently working on a Single European Payments Area (SEPA) instant payment service on Mambu, which should be available to European customers in the coming months.

About Ruben V. Albin

Check Also

Why Real Estate Investors Should Pay Attention to Currency Changes in Africa

The Zambian currency is currently listed as the best performing currency in the world and …