Fintech

20 stories about Fintech
 מימין דובי פרנסס ו עינת גז

Dovi Frances threatening to sell Papaya holdings at 90% discount; Co-founder Guez says she’ll buy

29.08.23|Sophie Shulman
Following a public spat with Guez, Frances sent a letter to all Papaya's shareholders offering to sell his 2.8% stake in the company for $12.5 million, which represents a company valuation of around $444 million, 90% less than the $3.7 billion Papaya was valued at in its last funding round
Yonatan Mandelbaum

"The state of fintech in Israel is depressing - All the entrepreneurs have switched their risk tolerance to 'OFF'”

24.08.23|Elihay Vidal
Yonatan Mandelbaum, a Principal at TLV Partners, noted that even within the limited number of fintech startups that emerged in 2023, "I haven't seen anything that's genuinely new, interesting, or groundbreaking. Mostly, what we are seeing are companies that are essentially copycatting existing ones"
IVIX team

IVIX closes $12.5 million Series A led by Insight Partners to combat financial crimes

07.08.23|Meir Orbach
The Israeli startup’s AI-powered technology helps tax authorities in the U.S., Europe and Asia identify large-scale tax evasion, money laundering and other financial crimes
מייסדי ראפיד

Rapyd acquiring payment service PayU GPO for $610 million

01.08.23|Meir Orbach
The Israeli fintech unicorn will finance the purchase through a capital raising of approximately $700 million, which Rapyd will soon complete at the same valuation as its previous funding round
gigaroo founders

“We are here to change the broken service industry”

31.07.23|CTech
gigaroo has raised $2.6 million to help Gen-Z find and retain their first jobs
אלי בן-נון ושי גבאי, מייסדי TRUSTMI

Trustmi raises $17 million for end-to-end payments security platform

26.07.23|Meir Orbach
The Israeli startup has developed a product that assesses the safety of financial transactions, warns against suspected fraud in real-time, and identifies potential flaws in the process that may result from human error
Gidi Oleg Fincom

Fincom’s ‘Phonetic Fingerprint’ for e-commerce platforms

23.07.23|CTech
The company has recently raised $2 million for its AML Screening Solution
Or Liban

What’s in store for the fintech industry?

20.07.23|Or Liban
“The fintech trends of embedded finance, co-opetition, consolidation, capital efficiency, and AI-driven risk management are set to reshape the financial industry in 2023 and beyond,” writes Or Liban of Airwallex
ד"ר שלומית ווגמן-רטנר סמנכ"לית רגולציה בחברת ראפיד Rapyd

Rapyd appoints financial crime expert Dr. Shlomit Wagman as Global Chief Regulation and Compliance Officer

19.07.23|Meir Orbach
“Dr. Wagman's appointment underlines Rapyd’s commitment to maintaining the highest levels of integrity and regulatory adherence in the industry, and her appointment is another major step for Rapyd as the company makes strides towards a future IPO,” said Co-Founder and CEO Arik Shtilman
יניב ברטלה וסטו

Fintech unicorn Vesttoo faces alleged billion-dollar fraud scandal

17.07.23|Meir Orbach
Following an initial inspection conducted over the weekend, it was discovered that the billions of dollars in collateral presented by the company were fraudulent
Tzvika Perelmuter

Fintech startup CapStack raises $6 million in pre-Seed to improve cooperation between banks

16.07.23|CTech
The startup is developing an integrated operating system for banks that is meant to provide them with visibility into one another’s portfolios
מגזין עצמאות 4.5.22 מימין  איל פלדמן ו עופר פלדמן מייסדי סטמפלי stampli

Blackstone closing on significant investment in fintech startup Stampli

03.07.23|Meir Orbach
The investment giant is set to lead a funding round of over $50 million in the company that has developed an AI-powered Accounts Payable automation solution
כלכלת האינטרנט פינטק תשלומים מובייל  2

Fintech giants battling in $500 million PayU bidding war

28.06.23|Meir Orbach
Investment company Prosus is looking to sell PayU and bidders are believed to include Israeli fintech unicorn Rapyd, Canadian payments giant Nuvei, and Worldpay
כנס ניהול פיננסי בעידן החדש גילי הוך סמנכלית אסטרטגיה ופיתוח עסקי ישראכרט

"Every company will become a financial services company”

26.06.23|Almog Azar
Gili Hoch, EVP, Head of Strategy and Business Development at Isracard, was speaking at the Financial Innovation conference in Tel Aviv
כנס ניהול פיננסי בעידן החדש פאנל מימין רו"ח צבי שיף משה קמחי אור ליבן אביבית בנדר אייל גפני מנחה: עירית אבישר וידאו

"The fintech startup space has gone back about 4-5 years this year"

26.06.23|Irad Atzmon Schmayer
Zvi Shif, Senior Partner, Head of Financial Cluster at BDO Israel, was speaking during a panel discussion at the Financial Innovation conference
Tipalti טיפלתי נאסדק

Fintech unicorn Tipalti raises $150 million in credit from JPMorgan and Hercules Capital

15.05.23|Meir Orbach
"We still have 60% of the money we raised in 2021, but we received excellent conditions to raise money and this opens up a lot of possibilities for acquisitions,” Tipalti CEO and co-founder Chen Amit told Calcalist
8fig employees

8fig nets $40 million in equity and $100 million in debt to fund online sellers

09.05.23|Meir Orbach
The Israeli startup provides e-commerce businesses with bespoke funding plans that are optimized according to their supply chain and cash flow needs
אור ליבן,  מנהל ישראל ואזור המזרח התיכון  Airwallex

Fintech giant Airwallex launches operations in Israel, eyeing cyber acquisitions

09.05.23|Maayan Manela
Airwallex, valued at $5.5 billion, said it chose Tel Aviv as the location for its first office in the region due to strong customer demand and the thriving Israeli technology ecosystem