OlehPay

Company Overview

Snapshot

Founded in May 2015 by Joseph Sokol, OlehPay operates with 1–10 employees. The company has raised $20K across one funding round. In April 2019, OlehPay announced its finance firm services became free for Lone Soldiers.

Business overview

OlehPay is a fintech company that provides a money transfer platform designed to help users avoid bank fees and unfavorable exchange rates. Its core technology enables domestic debits in the United States and credits in Israel, facilitating transfers without traditional bank wire fees and offering transparent pricing with the true middle market exchange rate. The company serves individuals and professionals, including students, online retailers, and digital nomads, operating within the Fintech & Insurtech sector, specifically focusing on money transfer and management in the United States and Israel.

Strategic signal

In April 2019, OlehPay announced that its finance firm services would be free for Lone Soldiers. This initiative signals a strategic move to support a specific demographic with free services, potentially enhancing brand reputation and market penetration within the Israeli community while demonstrating a commitment to social responsibility.

Company Intelligence Q&A

What is OlehPay's primary service?

OlehPay provides a money transfer platform that allows users to send money between the United States and Israel, aiming to reduce bank fees and offer transparent exchange rates.

When was OlehPay founded?

OlehPay was founded in May 2015.

Who founded OlehPay?

OlehPay was founded by Joseph Sokol.

What significant announcement did OlehPay make in April 2019?

In April 2019, OlehPay announced that its finance firm services would be free for Lone Soldiers.