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ISRAEL AT WAR - DAY 376

Israeli fintech

Employees at Tel Aviv-based venture group Team8. (Courtesy)
March 5, 2024, 7:06 pm
Backed by Microsoft and Cisco, Israel’s Team8 raises $500m to help build startups
Venture group plans to use fresh funds for building and investing in 30 startups in the areas of cyber, data infrastructure, fintech, digital health and AI
By Sharon Wrobel
Illustrative image of people working in finance (via Shutterstock)
December 7, 2023, 4:13 pm
Fintech startup Pontera raises $60m to expand workforce in Israel
Pontera, the developer of a software platform to help financial advisors improve management of retirement accounts, will use the funds to hire more than 50 employees in 2024
By Sharon Wrobel
Bahraini Foreign Minister Abdullatif Al Zayani (right) and Ron Klein, deputy director of International Affairs at the Israel Securities Authority, sign a fintech cooperation agreement, Sept. 4, 2023. (Courtesy)
September 5, 2023, 4:56 pm
Israel and Bahrain regulators ink fintech cooperation deal
Israel Securities Authority will work with the Central Bank of Bahrain to provide regulatory guidance and support to fintech entrepreneurs and startups in both countries
By Sharon Wrobel
UK-based fintech Paysend partners with Israeli-Swiss fintech firm Okoora to serve local market. (Courtesy)
August 7, 2023, 11:12 pm
UK’s Paysend partners with Israeli fintech Okoora to expand in local market
Using Okoora’s currency management platform, Paysend seeks to tap into growing market for cross-border transactions, as Israelis are increasingly transferring funds abroad
By Sharon Wrobel
Foreign Minister Eli Cohen, left, meets with his British counterpart James Cleverly in London on March 21, 2023. (Keith Eccles/Keefikus Entertainment)
March 22, 2023, 1:52 am
In London, FM Cohen signs agreement laying out future of UK-Israel ties
2030 Roadmap plan completed after years of preparation; foreign minister heads to Warsaw to complete pact on returning Israeli youth Holocaust tours
By Lazar Berman
Israeli startup Finq develops AI-based online marketplace for financial products. (Courtesy)
February 12, 2023, 8:46 pm
Israeli fintech startup nabs $6 million from Palo Alto’s Nir Zuk
Finq was founded in 2019 and has developed an AI-based digital marketplace for investment, pension, and insurance products
By Sharon Wrobel
PROMOTED CONTENT
Rewire gives access to accounts, debit cards, money transfers and other financial services to expatriate workers who cannot open a local bank account (Rewire)
March 29, 2022, 11:21 am
Israeli startup makes banking accessible to millions in underserved community
Rewire brings game-changing financial services platform to migrant workers worldwide
By Lisa Gann
An illustrative photo of an abstract fintech concept. (monsitj via iStock by Getty Images)
March 15, 2022, 4:11 pm
Israeli fintech sector saw record funding year in 2021 — report
New study shows some $4.5 billion in investments in fintech startups and companies, more than double 2020’s sum
By Ricky Ben-David
An illustrative, abstract image of international money transfers and foreign exchanges. (Metamorworks via iStock by Getty Images)
March 7, 2022, 3:55 pm
Mellanox founder backs fintech startup looking to tackle foreign exchange transfers
Eyal Waldman joins board of Hedgewiz, a Tel Aviv and London-based company that provides international money transfer solutions for business clients
By Ricky Ben-David
Tipalti employees in Israel. (Tipalti)
December 8, 2021, 7:08 pm
Israeli fintech firm Tipalti soars to over $8b valuation after $270m investment
Developer of payments and compliance tech quadruples value in one year; clients include Amazon, Twitter, Vimeo
By Ricky Ben-David
An illustrative photo of payment processing. (Mikhail Nilov from Pexels)
December 1, 2021, 2:55 pm
Israeli-founded firm Fundbox becomes unicorn with fresh $100m investment
Fintech company, based in California, focuses on financial services and tools for small businesses
By Ricky Ben-David
Israel's proposed open banking reforms signal more services, better rates and digital infrastructure for customers. (Ipopba on iStock by Getty Images)
September 5, 2021, 4:57 pm
Israel’s fintech community readies for ‘dramatic’ changes in banking sector
Though banking giants are kicking and screaming about open-banking reforms, non-bank entities stand ready to offer services at competitive rates
By Ricky Ben-David
A branch of the furniture chain Ikea in Wallau near Wiesbaden, Germany, March 17, 2020. (Frank Rumpenhorst/dpa via AP)
August 31, 2021, 5:05 pm
IKEA operator invests in Israeli ‘buy now, pay later’ fintech firm
Ingka Group, which owns 389 IKEA stores and e-commerce operations in 32 countries, acquires minority stake in Jifiti
By Ricky Ben-David
Illustrative image of cash. (Nati Shohat/Flash90)
July 27, 2021, 10:24 pm
Israeli fintech firms raised record $2.3 billion in first half of 2021
Venture capital investments in the sector surged 260% over last year; growth linked to demand for online payments, corporate innovation during pandemic
By Luke Tress
PROMOTED CONTENT
The Shield investigation dashboard gives financial institutions an instant overview of suspicious communications by employees and customers (Shield)
March 31, 2021, 2:03 pm
Israeli startup monitors and detects insider trading, financial fraud
Shield uses artificial intelligence to help large banks and financial institutions comply with fast-changing regulations
By Sara Toth Stub
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