Tagged: israel

September 22, 2020 @ 7:14 pm By Omar Faridi  |  

Mohammed Al Beloushi, CEO at Barker and Booth Commercial Agency LLC, has confirmed that his company will make a strategic investment into the operations of Israel-based Fintech firm Fintica AI LLC, a deal made after the signing of the Abraham Accords – which is the… Read More

September 22, 2020 @ 9:38 am By JD Alois  |  

  EasySend, a company that wants to help insurance companies, banks, and other financial services firms better develop their tech stack with an “AI-powered no-code platform,” has raised $16 million. The Tel Aviv based company reports that the Series A funding was led by Hanaco… Read More

September 16, 2020 @ 9:30 am By JD Alois  |  

INX, a digital asset marketplace that is in the midst of an SEC-registered digital asset offering, has enlisted GK8 for digital asset custody. As it was recently reported, INX hopes to raise up to $117 million by selling 130 million INX tokens at a per… Read More

September 15, 2020 @ 4:51 pm By JD Alois  |  

Varada, an Israel based data virtualization platform, has raised a $12 million Series A round of funding led by MizMaa Ventures with participation by Gefen Capital. The round also included participation from existing investors Lightspeed, StageOne Ventures and F2 Venture Capital who contributed in early… Read More

September 14, 2020 @ 11:26 pm By JD Alois  |  

OurCrowd, a leading global investment crowdfunding platform that is based in Israel, is well-positioned to take advantage of the improving relations in the middle east. Last month, Israel and the United Arab Emirates (UAE) announced the normalization of diplomatic relations. The official signing of the… Read More

September 10, 2020 @ 3:55 pm By JD Alois  |  

Prime Trust, a fast-growing custody and tech solution for both traditional and digital assets, will be working with KYC firm AU10TIX, according to a note from the firm. AU10TIX is an Israel-based company that offers ID verification and authentication – a key service in the… Read More

September 8, 2020 @ 9:00 am By JD Alois  |  

B2B payments Fintech Melio says it has now raised $144 million in total following a Series C funding round this month (August) raising $80 million. Melio previously raised $48 million in March 2020 and closed on $16 million in Seed and Series A funding. Melio… Read More

August 17, 2020 @ 4:34 pm By JD Alois  |  

This past week, it was announced that Israel has established diplomatic relations with the United Arab Emirates (UAE), a ground-breaking shift in foreign relations for a volatile region. The deal was announced by President Trump, Israel, and the UAE that the countries have agreed to… Read More

August 10, 2020 @ 9:13 pm By Omar Faridi  |  

An Israel-based AI technology firm is planning to help MUFG Bank, which is Japan’s largest financial institution, with assessing the operations of Asian startups in order to determine the feasibility of issuing loans to them. The $80 million 50-50 joint initiative between Tel Aviv based… Read More

August 5, 2020 @ 9:25 am By JD Alois  |  

Koch Disruptive Technologies has announced an investment in Sight Diagnostics alongside global crowdfunding platform OurCrowd. Sight Diagnostics is a long time portfolio company of OurCrowd. The Series D funding raised a solid $71 million. Total funding now tops $124 million. A valuation of the Medtech… Read More

August 3, 2020 @ 7:20 am By Omar Faridi  |  

Fintech firm Become, an online lending platform for SMEs, notes that digital or e-commerce has been accelerated by about 4-6 years due to COVID-19 which has led to permanent changes in consumer behavior. Individuals and business owners are increasingly using all-digital services, instead of visiting… Read More

July 30, 2020 @ 10:30 am By JD Alois  |  

OurCrowd is one of the largest investment crowdfunding platforms in the world. Based in Israel but investing globally, OurCrowd reports over $1.5 billion in committed capital and a growing number of institutional investors. Since platform launch, OurCrowd has had over 35 exits including high profile… Read More

July 12, 2020 @ 3:47 pm By Omar Faridi  |  

Evilnum, an advanced and persistent threat group, has been targeting UK-based Fintech companies and others throughout Europe since 2018. Evilnum uses “spear-phishing” emails and various social engineering tactics to initiate their cyberattacks, according to ESET, an online security company. The researchers at ESET noted that… Read More

July 2, 2020 @ 12:33 pm By JD Alois  |  

Lemonade (NYSE:LMND), a fast-growing Insurtech firm, completed its initial public offering (IPO) today on the New York Stock Exchange (NYSE). Earlier today it was reported that at the last minute Lemonade bumped up its planned offering price to $29 a share. Apparently, that was not… Read More

July 1, 2020 @ 12:02 pm By Omar Faridi  |  

Israel is reportedly getting ready to launch a Fintech regulatory sandbox, in order to make it easier for local financial technology startups to test out new products and services. The Arrangements Law that the nation’s Treasury will be presenting to the cabinet will include rules… Read More

June 22, 2020 @ 5:00 am By JD Alois  |  

OurCrowd, a global venture investing platform, reports that thousands of investors from 80 different countries will participate in a virtual event the OurCrowd Pandemic Innovation Conference. OurCrowd states that investors, VCs, corporate executives, government officials as well as the press are participating in the online… Read More

June 18, 2020 @ 1:15 am By Omar Faridi  |  

  A record $1.8 billion was invested in Israel’s Fintech sector in 2019, which represented a 107% increase compared to 2018 when financial technology firms attracted $800 million in total investments. Israel is currently ranked fifth, globally, in terms of total Fintech investments, according to… Read More

June 12, 2020 @ 7:39 am By Omar Faridi  |  

The Israel Securities Authority (ISA) and the Israel Innovation Authority (IIA) have introduced a “Data Sandbox” program for Fintech firms that will help them work cooperatively with regulators, licensed entities, and other financial services providers based in the country. The data sandbox aims to assist… Read More

June 12, 2020 @ 1:14 am By JD Alois  |  

OurCrowd, a global leader in online capital formation for early-stage ventures, has scheduled the OurCrowd Pandemic Innovation Conference on June 22nd. The virtual event will cover the latest tech solutions pertaining to the Coronavirus including vaccinations, treatments, prevention, and more. The virtual event will also… Read More

June 9, 2020 @ 10:48 am By JD Alois  |  

  OurCrowd portfolio company, MigVax Corp., an Israeli company developing a vaccine for COVID-19, has selected Eyal Desheh as chairman of its board of directors. Desheh has previously served as an executive at Teva Pharmaceuticals, Check Point Software Technologies and currently is on the Board… Read More