Top 10 Fintech Startups in Israel

Israel is known as a global high- tech powerhouse, the economy of Israel is a highly advanced, free- market, primarily knowledge-based economy. 

The country’s rapid growth of economy has attracted a stable and balanced stream of investment, fixing the country at the forefront of global fintech innovation and making it known as a “startup nation.”

Here is the list of the most exciting top 10 fintech startups of Israel.

1-  etoro

Founders: David Ring, Ronen Assia and Yoni Assia

Founding Year: 2007

Headquarters: Tel Aviv, Israel

Funding received: USD 272.7 Million

Investors: Bracket Capital, China Minsheng Financial Holding, SBI Group, Commerz Ventures, Spark Capital, Future Fifty, Social Leverage, Cubit Investment and BRM Capital.

About the company: etoro is a privately held organization which operates under the financial services industry. They have a work strength of around 1001-1500 employees and they also deal with various specialties like stocks, cryptoassets, ETF and investment. etoro

Is basically a social investment and trading marketplace which allows users to trade currencies. 

2- Team8

Founders: Israel Grimberg, Kiran Grinberg, Nadav Zafrir and Ronni Zehavi

Founding Year: 2014

Headquarters: Tel Aviv, Israel

Funding received: USD 56 Million

Investors: M12, Qualcomm Ventures, Innovation Endeavour and Temasek Holdings

About the company: Team8 is a partnership type held organization which functions under the venture capital and private equity industry. They have a work strength of around 51-200 employees and they also deal with various specialties like venture creation, cyber security, start-ups and digital transformation. Team8 basically develops and invests in companies specialising in enterprise technologies. 

3- Identiq

Founders: Ido Shilon, Itay Levy and Uri Arad 

Founding Year: September 2018

Headquarters: Tel Aviv, Israel

Funding received: USD 52 Million

Investors: Entree Capital, Slow Ventures, Vertex Ventures Israel, Sony Innovation fund, Insight Partners and Oryzn Capital.

About the company: Identiq is a privately held organization which operates under the internet services industry. They have a work strength of around 11-50 employees. Identiq is basically an anonymous verification network. They also deal with various specialties like cyber security, fraud detection, service provider and online portal. 

4-Rewire

Founders: Adi Ben Dayan, Guy Kashtan and Saar Yahalom

Founding Year: 2015

Headquarters: Tel Aviv, Israel

Funding received: USD 32 Million

Investors: Opera Tech Ventures, Moneta VC, Viola FinTech, Gilot Capital Partners and OurCrowd

About the company: Rewire is a privately held organization which functions under the financial services sector. The company has a work strength of around 51-200 employees and they also deal with various specialties like payment solutions, currency exchange, fund transportation and international banking fintech. Rewire is basically a fintech start-up developing cross border online banking solutions to provide the accessibility of financial services to migrants. 

5- First Group

Founders: Ran Goldshtein and Yariv Gilat

Founding Year: 2017

Headquarters: Giv’atayim, Tel Aviv, Israel

Funding received: USD 22 Million

Investors: Mangrove Capital Partners, Scale- Up Ventures Capital and Target Global.

About the company: First Group is a privately held organization which is also known as a financial service providing company. The company has a work strength of 11- 50 employees. The organization operates under Blockchain, Cryptocurrency and financial services industries. It is the largest digital assets group in Europe, led by a team of Fintech experts and Cyber Security professionals.

6-Green Invoice

Founders: Lior Wilczynski

Founding Year: 2010

Headquarters: Tel Aviv, Israel

Funding received: USD 20 Million

Investors: Fortissimo Capital

About the company: Green invoice is a privately held organization which operates under the financial services industry. The company has a work strength of around 51-200 employees and they also deal with various specialties like fintech, invoice and business management. Green invoice provides businesses a super smart and user friendly invoicing and business managing service.  

7- Simplex

Founders: Erez Shapira, Netannel Kabala and Nimrod Lehavi

Founding Year: April 28, 2014

Headquarters: Tel Aviv, Israel

Funding received: USD 19 Million

Investors: Accomplice, Korea Investment Partners, iAngels, DRW Venture Capital and Bitmain.

About the company: Simplex is a privately held organization which is also known as an EMI licensed Fintech company providing fraudless payment processing solutions to online merchants. They have a work strength of 101- 250 employees. They also deal with various specialties like cyber- security, bitcoin, e- commerce, credit cards processing and fraud prevention.

8- Captalise.ai

Founders: Amir Shiovich and Shahar Rabin

Founding Year: 2015

Headquarters: Tel Aviv, Israel

Funding received: USD 10 Million

Investors: Poalim Capital Markets (PCM), Gefen Capital, stageone Ventures and The silverhorn Group.

About the company: Capitalise is a privately held organization which functions under the financial services industry. The company has a work strength of around 11-50 employees and they deal with various specialties like fintech, trading solutions, trading strategies and financial services. Capitalise is an innovation which lets you use natural language to make your investment ideas come to life. 

9- Tarya

Founders: Assaf Shlush, Eyal Elhayany and Varda Lusthaus

Founding Year: USD 3 Million

Headquarters: Rosh Ha’ayin, HaMerkaz, Israel

Funding received: USD 3 Million

About the company: Tarya is a privately held organization which operates under the financial services industry. The company has a work strength of around 51-200 employees and they also deal with various specialties like P2P Lending, financial services, social loans and financial platform. Tarya operates the largest alternative investment platform in Israel. 

10- Sling

Founders: Erez Yerushalmi and Yacov Cohen

Founding Year: 2013

Headquarters: Ramat Gan, Tel Aviv, Israel

Funding received: USD 1.5 Million

Investors: Mastercard Start Path
About the company: Sling is a privately held organization which functions under the financial services industry. The company has a work strength of around 11-200 employees and they also deal with various specialties like mobile payments, retail service, fintech and merchants. Sling basically empowers the underserved micro merchant sector, enabling them to unlock mobile finance to grow business.

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