Tagged: israel

Israel Capital Markets Authority Expected to Expedite Fintech Licenses to Boost Innovation

According to a report, the Capital Markets, Insurance and Savings Authority of Israel is seeking to expedite the approval of Fintech licenses including blockchain-focused firms. Calcalist reports that the Authority is “working quickly to arrange licenses for Fintech companies” as it aims to boost innovation… Read More

Colu Group Offers to Buy Back ALL Tokens Issued in ICO, Does Not Use Blockchain Tech for Current Projects

This is something you do not see that often – a company offering to buy back all of the tokens (CLN) issued in an initial coin offering. Colu DLT, a subsidiary of Colu Group based in Gibraltar, has issued a release stating it will “voluntarily… Read More

OurCrowd Portfolio Company Beyond Meat Reports Net Loss of $9.4 Million, Valuation Stands at $13 Billion

Beyond Meat (NASDAQ:BYND), a company that has had beyond fantasy run following its initial public offering earlier this year, reported Q2 earnings today. According to the company, operations generated revenues of $67.3 million, an increase of 287%, and a net loss of $9.4 million or… Read More

Fintech Lending Express Rebrands as Become

Lending Express has changed its name to Become. In a blog post, the Fintech said the rebranding was made to represent a shift as the company wants to “become bigger and better — to become more.” Lending Express’s primary goal has been to help business… Read More

OurCrowd Provides Perspective on Portfolio Performance: 35 Exits Since 2013

Securities crowdfunding has been touted as the future of capital formation on this site and the pages of many other newspapers. The traditional venture capital industry has effectively fueled innovative young firms for decades but, too frequently, smaller investors are being cut out of the… Read More

“Solidarity Trip” Results in Closer Fintech Ties Between Israel and State of New York

Following a recent trip to Israel by New York State Governor Andrew Cuomo, a broad group of economic partnership agreements has been forged between the state and Israel. Included in the development partnerships is Fintech. Governor Cuomo issued a statement saying “New York is open… Read More

Israeli Police Arrest Brothers Accused of Executing Billion Dollar Bitfinex Crypto Platform Hack

Two computer programmers in Israel, brothers Eli and Assaf Gigi, have been arrested in Jerusalem and accused of operating a sprawling phishing scam that helped them steal 120 000 bitcoins from the Bitfinex trading platform in 2016. According to Israeli crime reporting site Posta, “They… Read More

OurCrowd Portfolio Company Zebra Med Receives New FDA Clearance

OurCrowd portfolio company Zebra Medical Vision has received its third FDA clearance for its HealthICH product which is an AI alert for intracranial hemorrhage (ICH), based on head CT scans. The process is said to be the first of its kind. The Zebra Med solution… Read More

OurCrowd and Partners Win Tender to Operate Israeli Foodtech Incubator

Following the outsized success of BeyondMeat’s (NASDAQ:BYND) initial public offering, OurCrowd and its partners have received government approval to operate Israel’s Foodtech incubator. OurCrowd, along with Finistere Ventures, a global agrifood investment leader, Tnuva, Israel’s food manufacturer, and Tempo Beverages, the leading Israeli beverage company,… Read More

Report: Insurtech Lemonade Queues Up Initial Public Offering at $2 Billion Valuation

Insurtech Lemonade is going public. This is according to multiple reports indicating the early stage insurance company is going public at an approximate $2 billion valuation. Lemonade last raised capital in April with a $300 million round led by Softbank. Lemonade may seek up to… Read More

Why You Shouldn’t Leave a Key Under Your Crypto Doormat: The ERC-1400 Double Standard

Just because you live in a safe neighborhood, do you leave your house unlocked? Do you leave the key under the doormat? Does that sound safe? Then why would you leave your digital assets in a vulnerable account where a company could just walk in… Read More

Israeli Supreme Court Orders Bank Leumi to Restore Banking to Bits of Gold Cryptocurrency Exchange

The Israeli Supreme Court has ordered Bank Leumi to restore services to cryptocurrency exchange platform Bits of Gold, according to a blog post. Bank Leumi had been previously ordered to restore banking to Bits of Gold last February, but that order was only temporary and Bank… Read More

OurCrowd Porfolio Company Beyond Meat Tops $100/share as Reports Filter Out About Strong Demand

BeyondMeat

Beyond Meat (NASDAQ:BYND) completed an initial public offering (IPO) in May raising $240 million at a valuation of about $1.5 billion. The unicorn has since bucked the recent IPO trend – rocketing quite a bit higher. As of today, Beyond Meat is trading at over… Read More

OurCrowd Portfolio Company Cannabis Firm BOL Pharma Plans Listing on Toronto Stock Exchange

Cannabis company BOL Pharma (Breath of Life International) is preparing an initial public offering on the Toronto Stock Exchange (TSX). This is according to a company release and a preliminary prospectus filed in Canada. It was reported that BOL will have a valuation of around… Read More

OurCrowd Appoints Former Jefferies Vice Chairman Alec Ellison as Chairman of US Operations

Leading investment crowdfunding platform OurCrowd has announced that Alec Ellison, former Vice Chairman of Jefferies, LLC, and former Chairman of Jefferies’ Technology Investment Banking group, as well as the Founder of Outvest Capital, has been appointed Chairman of the Board of OurCrowd Management for the… Read More

OurCrowd Joins Finistere Ventures In $100 Million Partnership to Invest in Foodtech & Agtech Innovation

Global crowdfunding platform OurCrowd has partnered with Finistere Ventures, along with food manufacturer Tnuva and Tempo Beverages, in a new partnership to invest $100 million in Foodtech and Agtech innovation. Finistere Ventures is a global agrifood investment firm. Tnuva is Israel’s largest food manufacturer and… Read More

Israel’s Intelligence Agency Mossad Looks to Invest in Fintech, AI, Blockchain Startups & More

Israel’s intelligence agency Mossad is moving deeper into venture capital. The agency has launched a new website for its venture arm Libertad – a name derived from Latin that means Freedom. It is also the name of a ship that carried Jewish immigrants setting sail… Read More

Tel Aviv University Partners with Controversial Entrepreneur Moshe Hogeg to Create Hogeg Blockchain Research Institute

Tel Aviv University and  Moshe Hogeg have joined to launch the Hogeg Blockchain Research Institute. Hogeg is not without controversy having been the target of several lawsuits. Hogeg is the founder of Sirin Labs that raised a reported $158 million in an initial coin offering…. Read More

Insurtech Voom Raises $5 Million Series A to Provide on Demand Insurance Using Telematics

Voom is poised to provide on-demand insurance following the completion of a $5 million Series A funding round, according to a note from the company. Voom, a Tel Aviv based startup, received the capital injection from Arbor Ventures with participation from returning investors F2 Capital,… Read More

SEC Fintech Forum will Focus on Digital Assets, Some Crypto Industry Participants Have Set Low Expectations: “Just for Show”

The Securities and Exchange Commission (SEC) has scheduled a Fintech Forum to take place at the end of this month at their headquarters in Washington, DC. Blockchain and digital assets will be the main topic of discussion. But while interest in the event, which will… Read More

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