Company Overview
Snapshot
Founded in June 2016 by Reuven Ben Menachem and Zack Yaniv, Otoma operates with 11–50 employees. The company has raised $11.5 million across two funding rounds from three investors. In June 2022, Otoma won the Fintech Zone prize at EBAday.
Business overview
Otoma provides a platform designed to assist banks with the implementation of business applications. Its core technology covers the entire implementation process, from system and acceptance testing to deployment and production monitoring. The platform aims to improve quality and reduce costs, timelines, and risks associated with bank implementations. Otoma's technology offers comprehensive coverage for requirements and gap analysis, use and test case creation, and accelerated functional testing through automated test data generation and execution. The company serves the Fintech & Insurtech sector, specifically targeting financial institutions and banks in markets such as India, Israel, and the United Kingdom.
Strategic signal
In June 2022, Otoma secured the Fintech Zone prize at EBAday, a significant recognition that validates its innovative approach to software testing technology within the financial services industry. This award signals to investors and innovation teams that Otoma's platform is gaining traction and industry acceptance, highlighting its potential to drive efficiency and reduce risk in banking application implementations.
Log in to access full profile ›Company Intelligence Q&A
- When was Otoma founded and by whom?
- Otoma was founded in June 2016 by Reuven Ben Menachem and Zack Yaniv.
- What was a significant recent achievement for Otoma?
- In June 2022, Otoma won the Fintech Zone prize at EBAday, a prominent event in the European payments industry.
- What is Otoma's primary focus in the market?
- Otoma focuses on providing a system implementation and testing platform specifically for banks, aiming to streamline their business application deployments.
- Has Otoma received any external recognition for its technology?
- In May 2020, Otoma was named a leading provider of software testing technology.
- Which investors participated in Otoma's October 2019 funding round?
- In October 2019, Otoma received funding from investors including Moneta VC and Claltech.