# Kooltra

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kooltra

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.kooltra.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Feb 1, 2017)
- Investors on record: 1

## About

Kooltra Ltd. is a financial technology company specializing in Foreign Exchange (FX) operations, providing a unified platform that enhances transaction management and regulatory compliance for financial institutions worldwide.Founded in 2012 and headquartered in Toronto, Canada, Kooltra Ltd. develops solutions for Foreign Exchange operations. The company has raised a total of CAD 6.5 mn in funding, with the most recent round occurring on October 3, 2018, which included investments from Real Ventures, Hyde Park Venture Partners, Round13 Capital, and Salesforce Ventures. The CEO and founder, Adam Katz, has a background in fintech and has been instrumental in steering the company’s vision and operations.Kooltra offers a comprehensive suite of products designed to streamline Foreign Exchange (FX) operations for financial institutions. The core product is an all-in-one platform that integrates payment and treasury operations, facilitating onboarding, transaction monitoring, and regulatory reporting within a single environment. This solution aims to reduce operational costs and optimize workflows for sales, trading, compliance, and operational teams, crucial for financial institutions modernizing their FX operations. Kooltra's robust features include a branded customer portal for trading, payments, and compliance onboarding, along with a powerful REST API for seamless data integration and retrieval. The company serves a diverse client base, including banks, brokerages, fintechs, and money service businesses, primarily targeting markets in North America, Europe, and Asia.Kooltra generates revenue through its subscription-based model, which provides essential services tailored to the needs of its clients. Clients engage with the platform via annual subscriptions, accessing functionalities like treasury management, compliance automation, and FX trading capabilities. The pricing structure accommodates various operational scales, supporting partnerships with small fintechs to larger financial institutions. Each client utilizes Kooltra's platform to manage their FX business effectively, enhancing operational efficiency and streamlining transactions. The firm’s offerings contribute significantly to its revenue by transforming traditional FX operations into a competitive advantage for users.Kooltra plans to leverage the CAD 6.5 mn raised in its latest funding round to enhance its product offerings and expand its market reach. The company is designing new functionalities aimed at improving user experience and expanding into new geographic regions, especially in the Asia-Pacific market by the end of 2023. The recent funding will support these initiatives, allowing Kooltra to accelerate its development timeline and strengthen its position in the global FX operations landscape.

## Funding rounds

- Seed, Feb 1, 2017, $1.2M — Real Ventures

## Investors

- Real Ventures — Seed