Posts Tagged ‘Israel’

Barclays seeks startups for new fintech accelerator program in Tel Aviv

A three-month startup accelerator program in Tel Aviv run by Barclays Plc and Techstars, a Colorado, US-based firm, has opened registration for its fourth cycle, which will focus on the fields of fintech and information security. Registration for the program will close December 16,  with the program starting in March 2019. For its new program, the accelerator […]

Global giants boost funding to Israel fintech startups

Global financial institutions and service companies are increasing their involvement in Israel’s financial technology industry, with international investors participating in 73 percent of investment deals in 2018, up from 66% in 2017, a report by Start-Up Nation Central, which tracks the Israeli tech scene, shows. In the first six months of 2018 there was a […]

Fintech giant Intuit to hire hundreds in Israel

US fintech giant Intuit is substantially expanding its operations in Israel. According to Intuit executive VP and CTO Tayloe Stansbury, the company plans to increase its current 160 R&D employees in Israel to 400-500 during the next three years. Stanbury refrained from saying how much the company planned to invest in Israel, but external estimates are at […]

Barclays Announces The Next 11 Companies Selected For The Tel Aviv Barclays Accelerator Program

Barclays has announced the next 11 companies to the 2018 Tel Aviv Barclays Accelerator, powered by Techstars. The company claimed that this program, which has been running since 2014, has become one of the most selective fintech accelerators in the world, with a growing list of alumni that are shaping the future of financial services. According […]

Real Estate Fintech Startup Obligo Raises $5 Million

Fintech startup Obligo Inc. has announced the completion of a $5 million seed financing round, which was led by Israel-based venture capital firm 83 North and participated by Entrée Capital, HFZ Capital, and Viola Credit. Obligo offers an alternative to the security deposit—the sum of money required by most landlords when renting an apartment. Obligo’s solution has renters […]

Fundbox Wins The Prestigious Israeli Atlas Award For Best Fintech Startup

Fundbox, the small business growth company, has won the coveted Israeli Atlas Award for Best Fintech Start-Up. For a third year in a row, the 2018 Israeli Atlas Award event was held in cooperation with the Ayn Rand Center, The Marker and such leading partners as, BDI, IVC, Bank Hapoalim and Israel Aerospace Industries. The […]

Israeli fintech co Reach raises $3.5m

Israeli fintech company REACH, formerly Seegnature, has completed a $3.5 million A financing round led by US venture capital fund NFX, a fund managed by founding partner Gigi Levy-Weiss. REACH has now raised a total of $5 million. REACH has developed a platform for remote management of transactions and face-to-face meetings. The company provides a […]

Predictive Analytics Company Endor Raises $45 Million in ICO

Tel Aviv-based predictive analytics company Endor Software Ltd. has raised $45 million in an ICO of its cryptocurrency EDR. Endor’s predictive artificial intelligence technology is based on sociophysics—a scientific field that utilizes mathematical tools in order to understand human behavior patterns such as consumer behavior and market dynamics. The company plans to use the funding to […]

Orbs, a Startup Offering Blockchain as a Service, Has Raised Around $106 Million, Executive Says

Orbs, a 40-person startup based in Tel Aviv, has raised roughly $106 million from unnamed customers and strategic partners, according to the company’s co-founder, Tal Kol. The funding brings Orbs 80% of the way toward a goal of raising $133 million. The startup wants to build customized blockchain infrastructure for companies, similar to how Amazon Web […]