Israel
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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Personetics Secures $75 Million Funding From Warburg Pincus
Personetics, a Tel Aviv-based global provider of data-driven personalisation and customer engagement solutions for banks and financial services providers, announced it has raised $75 million in funding from Warburg Pincus LLC, a leading global private equity firm focused on growth
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Israel’s Emergence as a Fintech Nation
With more than 500 fintech companies, Israel is rapidly emerging as a fintech powerhouse with players in the sector attracting global attention as well as billions of dollars in venture capital. In 2019, equity investments in Israeli fintech reached an
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Israel Stock Exchange Launches Blockchain Securities Lending Platform
The Tel-Aviv Stock Exchange (TASE) announced the launch of a Central Blockchain Securities Lending Platform in Israel. The platform will transform the securities lending market in Israel by enabling direct lending among all the major financial instruments. It will function
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Israel’s First Fully Digital Bank Starts Soon
Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, announced that Israel’s first fully digital bank, has partnered with TCS as the first customer of its Banking Service Bureau, powered by TCS BaNCS. TCS was
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Top 12 Fintech Startups in Israel to Keep an Eye On
Israel has long been the Middle East’s most prominent startup hub with the area around Tel Aviv having earned the nickname “Silicon Wadi” for its high concentration of high-tech companies. One industry in particular that has gained much traction in
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