OKY operates an in-kind remittance marketplace that enables U.S. customers to send gift cards for specific retailers to recipients in Latin America. The platform partners with over 600 brands and 15,000 physical stores across six Latin American countries, with Guatemala as its largest market. OKY reports about 20,000 unique monthly users who send on average 2–3 transactions per month, and it employs 22 full-time staff (four in Miami). The company says it has tripled in size year-over-year and has improved its user experience and product offering. Funds will be used to expand the marketplace, develop new platform features, and continue organic growth in existing markets. OKY also plans to raise a Series A this year and intends to enter Mexico next to replicate its successful merchant/category model.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2024