Tagged: israel

March 11, 2021 @ 7:24 am By Omar Faridi  |  

Leumi (TASE: LUMI), which is one of Israel‘s most well-established banks, and Tarya Fintech, the nation’s largest peer to peer lending platform, will be developing and adapting Leumi’s mortgage system, as part of the bank’s business transformation initiative. With Tarya’s financial technology and Leumi’s leadership… Read More

March 10, 2021 @ 1:00 am By JD Alois  |  

Top global investment platform OurCrowd has appointed Dr. Hasanat Dewan as Chief Innovation Officer.  Simultaneously, OurCrowd announced a Global AI (artificial intelligence) Innovation Center at an undetermined location. According to OurCrowd, Dr. Dewan will oversee the development and deployment of OurCrowd’s next-generation platform, supporting a… Read More

March 8, 2021 @ 1:33 pm By Samantha Hurst  |  

    PayPal Holdings, Inc. (NASDAQ: PYPL) announced on Monday it has agreed to acquire Curv, a cloud-based infrastructure for digital asset security that is based in Israel, to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Founded in 2018, Curv states… Read More

February 23, 2021 @ 9:40 am By JD Alois  |  

  Global investment crowdfunding platform OurCrowd has published its Jobs Index, a report that the company plans to publish quarterly, that indicates startups are increasing hiring despite the ongoing pandemic challenges. According to OurCrowd, high-tech startups with job openings in Israel have risen by 400%… Read More

February 21, 2021 @ 3:13 pm By Omar Faridi  |  

  Record-breaking funding, massive initial public offerings and unprecedented valuations are all now a part of what may be described as the Fintech “gold rush.” From September of last year until January 2021, the Fintech industry in Israel acquired around $1.4 billion in funding, which… Read More

February 19, 2021 @ 11:07 am By Omar Faridi  |  

The IOTA Foundation has teamed up with Curv Custody in order to expand the IOTA Token Ecosystem. The IOTA developers noted that they’re pleased to confirm that the IOTA token will “soon be available” on Curv’s “industrial-grade” digital asset custody platform. With IOTA’s planned Chrysalis… Read More

February 19, 2021 @ 8:51 am By Omar Faridi  |  

BioCatch, a digital identity firm, has revealed that it has acquired a registered US patent for the method it uses to verify a user’s identity and for detecting fraud. According to BioCatch, the verification process is based on the manner in which the user holds… Read More

February 17, 2021 @ 1:21 pm By JD Alois  |  

Simetria has received a no-action letter from the Israel Securities Authority. Simetria says it will launch the first digital securities offering platform at some point in May 2021. Simetria added that it has also requested a permit that would allow it to settle digital securities… Read More

February 17, 2021 @ 8:35 am By Omar Faridi  |  

Israel-based Mirato, a company that has developed an AI-enhanced third-party risk management platform (TPRM) for financial services providers, has secured $9 million in capital. Mirato’s investment round was led by Grove Ventures along with contributions from Janvest Capital Partners (co-leader), American Express Ventures, iAngels and… Read More

February 16, 2021 @ 8:47 am By JD Alois  |  

Warburg Pincus LLC has invested $75 million into Personetics, an artificial intelligence (AI) firm providing proactive engagement for banks and other financial services firms. Terms of the investment were not disclosed. Personetics has created an AI software platform for global banks. The service is currently… Read More

February 15, 2021 @ 8:02 am By Omar Faridi  |  

The team at Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” notes that Kyber Network Token’s (KNC) very first liquidity mining program was scheduled… Read More

February 4, 2021 @ 10:04 pm By Omar Faridi  |  

Israel-based Fintech firm PayKey has reportedly expanded its mobile keyboard system in order to allow bank clients to easily manage their investments and apply for loans from within any supported app. The PayKey team confirmed on February 2, 2021: “Today, we expanded our solution to… Read More

February 3, 2021 @ 11:28 am By Samantha Hurst  |  

  TenureX, an Israel-based fintech startup, announced on Wednesday it has kicked off its pre-seed financing round by accepting a $1 million investment from VentureIsrael. According to TenureX, VentureIsrael will be partnering with previous investors Plug and Play and Hack VC. Founded in 2020, TenureX… Read More

January 31, 2021 @ 9:21 pm By Samantha Hurst  |  

    Israel-based venture capital investment firm FinTLV recently announced it has closed its second $120 million global insurtech-fintech fund. According to FinTLV, the fund will focus primarily on global growth-stage insurtech and fintech companies “The Fund has recently made several substantial investments in leading… Read More

January 25, 2021 @ 9:37 am By JD Alois  |  

Melio, founded by CEO Matan Bar, CTO Ilan Atias, and COO Ziv Paz, has raised $110 million at a valuation of $1.3 billion. Melio allows businesses to digitally pay their invoices for free using a bank transfer or debit cards.  The funding round was led… Read More

January 13, 2021 @ 9:30 am By JD Alois  |  

OurCrowd is a leading venture marketplace where smaller (accredited) investors can participate in private securities offerings alongside really big investors. A recent example is where JumpCloud, an enterprise cloud service provider, raised $100 million in a Series E Round. OurCrowd’s name was alongside high profile… Read More

January 12, 2021 @ 10:42 pm By JD Alois  |  

Bahrain Fintech Bay (BFB) and the Fintech Association of Israel –Fintech Aviv (FTA) have agreed to collaborate on the development of Fintech in the region. Earlier this year, diplomatic relations between the two countries were normalized ushering a new era of cross-border innovation and partnership…. Read More

January 12, 2021 @ 8:23 am By JD Alois  |  

JumpCloud, an enterprise cloud service provider that has boomed during COVID, has raised a $100 million Series E funding round that was said to be oversubscribed. The round was led by Blackrock with additional investment from an affiliate of H.I.G. Growth Partners, OurCrowd, and participation… Read More

January 11, 2021 @ 9:05 pm By Omar Faridi  |  

The developers at Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” have introduced FuseSwap’s new analytics section. The updated section features a user-friendly or… Read More

December 30, 2020 @ 10:45 am By JD Alois  |  

SolidBlock and INX Ltd. have announced plans to list SolidBlock’s real estate backed security tokens on the INX trading platform. INX is a digital asset trading platform, as well as a token issuer. SolidBlock, based in Tel Aviv and NYC, is a tokenization platform. According… Read More