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Kooltra

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Kooltra Company Market Research Report





Company Overview



Name: Kooltra

Mission: Kooltra aims to improve financial services by tackling the industry’s most complex challenges through technology, ultimately enhancing customer trust, engagement, and experience.

Foundation Year and Founder: No information is available.

Key People:
  • Adam Katz - CEO & Founder

  • Ryan Dewsbury - CTO

  • Steve Smith - Head of Product

  • Will Cowland - Commercial Director

  • Benjamin Works - Customer Success


Headquarters: No information is available.

Number of Employees: No information is available.

Revenue: No information is available.

Notable Recognitions: Kooltra is known for transforming financial service providers with advanced technology. It is trusted by financial institutions to manage significant workflows across foreign exchange, multi-currency payments, and other OTC products.



Products



Kooltra offers a range of products designed to modernize and scale foreign exchange (FX) and payments businesses, providing superior technology-driven solutions.

Operations Core


  • Description: Manages the entire FX business in one place, including trade capture, payment creation, risk management, cash management, and client reporting.

  • Key Features: Trade Blotters, Reconciliation, Risk Controls.


Dealing


  • Description: Facilitates FX trade operations with integrated dealing endpoints and functionalities.

  • Key Features: STP Liquidity, Spread Management, Transaction Monitoring.


Comply


  • Description: Focuses on regulatory compliance in financial transactions.

  • Key Features: KYC Onboarding, KYC Renewals, Security & Auditability.


Client Portal


  • Description: Provides an interface for clients to digitally onboard, execute trades, and manage payments.

  • Key Features: Client Portals, Branded Client Materials, Custom Workflows.




Solutions



Target Segments:
  • Money Service Businesses (MSBs)

  • Fintechs

  • Brokerages

  • Banks


Comprehensive Solution Offerings: Kooltra delivers solutions tailored to each segment’s needs, facilitating trades, payments, compliance management, and customer engagement.



Recent Developments



Product Launches and Features:
  • October 2024: Integration with 360T for enhanced FX trading capabilities.

  • August 2024: FINTRAC (GEN-2) EFT reporting and expanded SOC 2 Type 2 examination categories.

  • Improved API Endpoints: Broadened API capabilities for increased flexibility and functionality within the Kooltra ecosystem.


Partnerships:
  • Onafriq Partnership (June 2024): Expansion to support growth, enhancing payment network capabilities in Africa.

  • Mercantile Exchange (February 2024): Accelerated growth through an expanded partnership aiding in improved compliance and customer experience.


Platform Enhancements:
  • White-Label Client Portal (February 2024): Allows businesses to offer personalized client experiences to foster partnerships and growth.

  • FX Trade & Settlement Confirmations (January 2024): Enhanced for improved operational efficiency and accuracy.




Insights and Industry Position



Kooltra positions itself as a leader in the financial technology (FinTech) space by offering a modular, scalable platform that meets the evolving needs of financial institutions. Its emphasis on interoperability and customization enables clients to adapt quickly to market demands and technological advancements. The company leverages a multi-cloud infrastructure and strategic partnerships to deliver cutting-edge solutions across different financial sectors.



Disclaimer: Information in this report is compiled from publicly available sources and may not reflect all current developments. For detailed insights, a direct inquiry with Kooltra is recommended.