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 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 avoid bank fees and unfavorable exchange rates by offering true middle rates with transparent pricing. The platform facilitates domestic debits in the United States and credits in Israel, eliminating bank wire fees. OlehPay primarily serves consumers, including professionals, students, and online retailers, operating within the money transfer and management sector across 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, potentially enhancing brand loyalty and market penetration within the Israeli community and among individuals with ties to Israel, while demonstrating a commitment to social responsibility.
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.