How Much Does Kooltra Cost? Understanding Our Pricing Structure

In recent years, fintech has undergone a revolution, and at the heart of this transformation is the need for agile and customizable solutions. Enter Kooltra—a game-changing platform designed to streamline foreign exchange (FX) operations for Fintechs, MSBs, banks, and brokers.

Why should you consider Kooltra for your FX needs? And how much does it cost? Let's break down the pricing structure and the value it brings to your business.

Key Takeaways

• Kooltra is a modular product which allows our customers to have ultimate flexibility in their purchase and deployment process
• Kooltra has four modules: Operations Core, Dealing, Comply, and Client Portal
• The cost of Kooltra depends on the modules in scope, the number of users, and the customization required, including third party integrations
• Kooltra's modular structure allows us to support both newly established businesses and larger enterprises
• You can implement or adopt Kooltra in phases which eases the operation and financial burden of introducing a new system

What is Kooltra?

Kooltra is a worldwide leader in end-to-end foreign exchange and global payments infrastructure. The Kooltra Platform empowers financial institutions with scalable technology that accelerates revenue growth, reduces operating costs, streamlines compliance, and automates regulatory reporting.

By bringing employees and customers together on a single cloud-based platform, the digital experience is optimized. This results in streamlined customer onboarding, dealing, settlements, and multi-currency payments, with a transparent view of each department into the customer and transaction lifecycle. Bringing an entirely new approach to the foreign exchange technology stack, Kooltra is a SaaS company with deep domain knowledge supported by a world-class engineering team. 

Kooltra is not just another forex solution; it's a modular application that can either wholly replace or enhance your existing systems. With Kooltra, you get the flexibility to tailor the platform to meet your unique business requirements. 

The Four Modules of Kooltra

Kooltra is structured into four distinct modules to maximize flexibility and deployment options:

1. Operations Core
2. Dealing
3. Comply
4. Client Portal

This modular approach allows you to buy what you need, when you need it. 

It allows our clients to take a phased approach to implementation. This allows you to start with the weakest area of your business first, and then continue to roll out additional modules as needed for incremental improvement. This eases both the operational and financial burden for our customers. 

Understanding Kooltra's Cost Structure

Cost Variables

There are a number of variables that impact the cost of our platform, including:

• # of Users - how many users require access to the platform?
• Modules in Scope - which Kooltra modules are required (Core, Dealer, Comply and/or Client Portal)?
• Third Party Integrations - are any integrations with third-party systems required?
• Professional Services - what degree of ongoing support and customization will be required?

Pricing Components

The total cost of Kooltra is comprised of two core components: a one time implementation fee and ongoing subscription fees.

Implementation Fee

The first component of Kooltra's pricing is the implementation fee. This one-time cost covers your team's system deployment, configuration, integration, and comprehensive training. 

The implementation fee varies based on several factors:

• Number of Modules Deployed: The more modules you deploy, the greater the implementation cost.
• Third-Party Integrations: There may be additional charges if your setup requires multiple third-party integrations. 
• Complexity of Setup: The intricacy of your current systems will play a role in determining the final implementation fee.

Subscription Fees

Once Kooltra is up and running, ongoing subscription fees come into play. 

These recurring costs include:

• User Licenses: Pay based on the number of users accessing the system.
• System Infrastructure: Costs related to maintaining the backend infrastructure.
• Support & Maintenance: Continuous support and maintenance to ensure seamless operation.

The subscription fee will vary depending on:

• Modules Selected: Different modules have different pricing structures.
• Number of Users: More users mean higher subscription fees.
• Active Third-Party Integrations: The number of integrations you have also impacts the subscription cost.

Pricing Estimates

Below we’ve provided generalized pricing guidance based on the size of the team in scope. 

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If you’d like a custom pricing estimate, complete our information discovery questionnaire. 

‍Benefits for your stage 

Our offering is designed to empower startups and established firms, and everyone in between. 

For startups we offer an enterprise grade solution that is priced to deliver a high ROI at every stage of their business growth. We also empower large established organizations with the tools needed to increase agility, compete with fintechs, and improve margins with low-cost bespoke automation. There are truly benefits for businesses of all sizes and maturity.

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Why Choose Kooltra?

Staying ahead of the curve is crucial in the fast-evolving financial services industry. Kooltra offers you the tools to not only keep up - but to lead. With our modular product, phased implementation capabilities, and transparent pricing, you gain a tailored solution that grows with your business needs.

Ready to learn more? Book a strategy call with our team today.