Tagged: israel

Israel Card Payment Usage to Continue Growth After Pandemic-Influenced Decline

Following a brief pandemic-induced decline, Israel’s card payment market is set to resume its growth trajectory, a new report from GlobalData finds. Israel’s government actively promotes electronic payments through legislation such as a cap on cash transactions and reduced interchange fees. “Robust e-commerce growth, and… Read More

OurCrowd Shares Top 10 Post-Pandemic Tech Trends

OurCrowd, a global online investment platform catering to both individual and institutional investors, streamed a session today that discussed the Top 10 Post-Pandemic Tech Trends that believes are impacting markets. The session was modeled after a popular segment of OurCrowd’s annual Investor Summit held in… Read More

Kirobo’s Undo Button is Said to Have Saved Users $6 Million in Crypto

Kirobo has distributed an update saying it has now processed $1 billion worth of crypto while saving users $6 million, in 200 transactions, that would otherwise been lost forever. Kirobo has created a crypto tool called the “Undo Button” that allows users to recoup a… Read More

Bitcoin and other Crypto Addresses Associated with Hamas Donation Campaigns Now Seized by Israeli Government: Report

Israel’s National Bureau for Counter Terror Financing (NBCTF) has shared information on the “seizure” of virtual currency held by several different crypto wallets that are believed to be associated with donation campaigns “carried out by Hamas.” As noted in a report from Chainalysis, the seizure… Read More

Jon Medved’s Recipe For Israel’s Continued Tech Success

Israel’s thriving high-tech ecosystem needs a recalibration if it is to continue as a global hotspot, OurCrowd CEO Jon Medved said in an article published on LinkedIn today. At first glance, things look good given the record $10.5 billion in investment the sector attracted in… Read More

Auto-financing platform Lendbuzz raises $360 mn, to double headcount at 100

AI-based auto finance platform Lendbuzz has raised a total $360 million investment in part debt and equity. The US-based fintech started by two Israeli entrepreneurs –Amitay Kalmar and Dan Raviv, has raised $60 million in Series C equity financing led by Wellington Management, Goldman Sachs… Read More

Sorbet Raises $21 Million, Said to be Largest Fintech Seed Round Ever in Israel

Sorbet has announced a $21 million seed round – said to be the largest seed round ever for a Fintech in Israel. Sorbet said that funding of $6 million was announced in April and the round was subsequently extended garnering the additional $15 million. Simultaneously,… Read More

AI Fraud Protection Firm Servicing Digital Goods nSure.ai Raises $6.8 Million Seed Round

Israel-based nSure.ai has raised a $6.8 million Seed round led by DisruptiveAI, Phoenix Insurance, Kamet (an AXA backed VC), Moneta Seeds and other individual investors. nSure.ai is a “predictive AI fraud protection company” that services digital goods such as gift cards, prepaid debit cards, software… Read More

INX Acquires Israeli Broker ILS Brokers Ltd

INX Limited, a digital platform that provides trading for crypto and digital securities, has acquired ILS Brokers Ltd (ILSB) based in Israel. According to a company release, ILSB is an interdealer-broker with over 50 tier-1 and tier-2 global bank relationships focusing on OTC trading of… Read More

Founder-First VC Meron Capital to Invest $50 Million in Israeli Deep-Tech Startups Including Fintechs

Founder-first VC Meron Capital on Monday announced the close of its $50 million second fund Meron II.  The second fund will invest in 18-20 early-stage deep-technology software startups led by Israeli entrepreneurs. According to a note from the company, the fund will focus on startups… Read More

OurCrowd Portfolio Company MigVax: Tests Show Promising Results as COVID Vaccine Booster

OurCrowd portfolio company MigVax Ltd., a startup developing an oral subunit vaccine against COVID-19, has announced promising results from preclinical tests that demonstrated the effectiveness of its MigVax-101 booster for previously vaccinated persons. According to a note distributed by the company, tests carried out on… Read More

Fintech Adoption: Israel and Latvia Now Home to High-Potential Fintechs and Early-Stage Startups

During the past year, Latvia and Israel have experienced a significant surge in Fintech interest, according to a recent analysis published by the Fintech News Network. Google Trends data for the period between April 2020 and April 2021 reveals that online search queries for Fintech… Read More

OurCrowd Talks Areas of Joint Interest Between UAE and Israel

Following the Abraham Accords, initiated by the Trump administration that saw the normalization of relations between the UAE and Bahrain, OurCrowd – a top global early-stage investment platform, moved quickly to announce relations with middle east gr0ups. After quietly working behind the scenes for years,… Read More

Israel-Based Insurtech Parametrix Raises $17.5 Million Through Latest Investment Round

    Parametrix Insurance, an Israel-based insurtech startup, recently announced it secured $17.5 million through its latest investment round, which included participation from FirstMark Capital and F2 Ventures. Founded in 2019, Parametrix Insurance explained it provides insurance policies covering third-party IT downtime events such as… Read More

OurCrowd: Tech Jobs Index Jumps by 50% in Q1 2021

OurCrowd, a leading global online investment platform for early-stage firms, has published the High Tech Jobs Index Q1 2021. According to the report, job openings at OurCrowd portfolio companies have risen by 50% year over year for Q1 2021. OurCrowd states that portfolio companies are seeking… Read More

OurCrowd backed Israeli Fintech ThetaRay Secures $31M in Capital from Benhamou Global Ventures, Others

Israel-based ThetaRay, a Fintech firm that enables banking institutions to monitor payment activity in order to identify potential money laundering risks, has secured $31 million in capital via a new funding round. New ThetaRay investors reportedly include Eric Benhamou, investing via Benhamou Global Ventures, and… Read More

OurCrowd Updates on Platform Performance: Two Exits Since the Beginning of 2021

OurCrowd is one of the largest securities crowdfunding platforms in the world. Based in Israel, OurCrowd has been recognized by Pitchbook as the most active venture investor in the country with 24 different deals in 2020. OurCrowd provides a pathway for smaller investors to participate… Read More

Israel Cybersecurity Solutions Provider Talon Cyber Security Raises $26 Million Through Latest Seed Funding Round

  Talon Cyber Security, an Israel-based cybersecurity solutions provider, announced on Monday it raised $26 million through its Seed funding round, which included participation from Lightspeed Venture Partners, Team8, and Zohar Zisapel. Founded earlier this year by Ofer Ben-Noon and Ohad Bobrov, Talon Cyber Security… Read More

10 High-Potential Fintech Firms Chosen for 11th Annual Fintech Innovation Lab New York

Ten high-potential technology firms have reportedly been chosen for 11th Annual Fintech Innovation Lab New York. As noted in the announcement (published on April 7, 2021), Fintech solutions aim to leverage AI and advanced data analytics to “address key industry challenges including sustainability.” As mentioned… Read More

OurCrowd Portfolio Company Innoviz Trades on Nasdaq in SPAC Deal

LiDAR firm and OurCrowd portfolio company Innoviz (NASDAQ:INVZ) traded on the Nasdaq this week as part of a SPAC deal that was revealed earlier this year. Innoviz became a publicly listed company through a business combination with Collective Growth Corporation in a transaction sponsored by… Read More

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