Israel is not just a hotspot of entrepreneurial activity it is a center of Fintech innovation having launched multiple companies targeting the financial sector. The Floor, Israel’s first Fintech Hub, was launched in 2015 and quickly caught the eye of Chinese Venture Capital firm the Pando Group as it committed $2 million to the incubator earlier this year. While the Floor was generating headlines what it did not have was a permanent residence and as of this week the Floor has announced it has leased 800 square meters at the Tel Aviv Stock Exchange.
— The Floor (@Fintech_Floor) March 28, 2016
The Floor founders explained it was an ideal location to interact with existing financial firms.
Deputy CEO of the Stock Exchange, Landau Yaari, stated that integrating the Floor is a natural and true integration of old and new.
The Floor expects to create a portfolio of about 25 different Fintech firms. Existing partners include some big multi-national banks like HSBC, RBS and Santander. The focus will be on digital banking, big data, compliance, IoT, Blockchain, Capital Markets and pretty much just about every aspect of finance. If you are interested, the Floor is accepting “members”, IE banking partners, investors and service providers.