Company Overview
Snapshot
Founded in May 2015 by Joseph Sokol, OlehPay operates with 1–10 employees. In April 2019, OlehPay announced that its finance firm services became free for Lone Soldiers.
Business overview
OlehPay is a Fintech & Insurtech company that provides a money transfer platform. Its core technology enables users to transfer money while avoiding traditional bank fees and unfavorable exchange rates, offering transparent pricing and true middle rates. The platform facilitates domestic debits in the United States and credits in Israel, eliminating bank wire fees. OlehPay serves consumers, including professionals, students, online retailers, and specifically targets geomarkets 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 strategic move indicates a focus on community support and could enhance brand loyalty and market penetration within specific demographic segments, signaling a commitment to social responsibility alongside its commercial objectives.
Log in to access full profile ›Company Intelligence Q&A
- When was OlehPay founded?
- OlehPay was founded in May 2015.
- Who are the founders of OlehPay?
- Joseph Sokol is the founder and CEO of OlehPay.
- What is OlehPay's primary sector?
- OlehPay's primary sector is Fintech & Insurtech.
- What significant announcement did OlehPay make regarding Lone Soldiers?
- In April 2019, OlehPay announced that its finance firm services became free for Lone Soldiers.
- What is OlehPay's total disclosed funding?
- OlehPay has raised $20K in a Pre-Seed round in January 2016.