Israel

Deutsche Börse’s Venture Arm Acquires Minority Stake in Israeli Fintech WeMatch

Deutsche Börse’s venture arm DB1 Ventures has acquired a minority stake in WeMatch, an Israel-based fintech company digitising the wholesale derivatives industry, as part of the latter’s US$ 19.5 million Series B equity funding round. The deal closed on 30

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US-Israeli Payments Platform Melio Raises US$250M Series D

New York-based Israeli B2B payments platform Melio has tripled its valuation to US$4 billion with its latest fundraise of US$250 million in a Series D, according to a statement. The round was co-led by Thrive Capital and existing backers of

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US-Israeli AI Fintech Company Pagaya Announces US$8.5B SPAC

US-Israeli AI fintech company Pagaya is going public via a SPAC merger with EJF Acquisition Corp (EJFA), according to a statement. The combined company will be valued at around US$8.5 billion. The merger is expected to close in early 2022,

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Israeli Fintech Funding in H1 2021 Smashes Records

It has been a blockbuster year so far for Israeli fintech funding, according to the latest from Start-up Nation Central. It revealed that US$2.3 billion was raised in Israeli fintech funding through venture capital and private equity deals in the

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9 Israeli Fintech Startups to Watch in 2021

Israel’s booming fintech landscape continues to stay in the global eye. Home to over 500 Israeli fintech startups, the country’s ascent as a hub for fintech has been both rapid and spectacular. Alongside being a frontrunner for fintech in the

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Israel API Developer Weav Acquired for US$50 Million

US-based fintech company Brex has acquired Israeli Application Programming Interface (API) developer Weav for US$50 million, according to a recent statement. The acquisition marks Brex’s entry into Israel. Weav’s co-founder and CEO Nadav Lidor will helm Brex’s team in Israel.

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Israel’s OurCrowd and the Azerbaijan Investment Company Sign MoU

Israeli venture investing platform OurCrowd has signed an MoU with the Azerbaijan Investment Company (AIC) to bolster strategic investments by the Government of Azerbaijan in OurCrowd’s portfolio. The agreement is the first of its kind since Azerbaijan opened its Trade

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Israel Witnessed the Third Highest Surge in Fintech Interest Worldwide

Over the past year, Latvia, Zimbabwe and Israel have witnessed the highest surge in fintech interest worldwide, an analysis by the Fintech News Network found. Latvia considered as one of the most startup-friendly countries in the world Google Trends data

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PayPal to Acquire Crypto Security Firm Curv

PayPal announced that it has agreed to acquire Curv to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Curv is a provider of cloud-based infrastructure for digital asset security based in Tel Aviv, was founded in 2018

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Israeli Neobank for Expats Rewire Raises $20 Million in Series B Funding Round

Rewire, a Tel Aviv-based neobank for migrants, announced a Series B funding round of $20 million led by global crowdfunding platform OurCrowd and also included a line of credit from an unnamed bank. Rewire said that the current round of

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