Israeli trade financing start-up 40Seas raises $111m
40Seas offers financing for SMEs involved in global commerce.
Israel
The latest fintech news, resources and expert analysis in Israel by the leading intelligence provider for the worldwide fintech community.
American Express buys Israeli B2B payments automation start-up Nipendo
Amex plans to “integrate Nipendo’s team, technology and capabilities” to boost its B2B payments offerings.
Israel’s Shield bags $20m in Series B funding
Shield plans to boost its growth in existing markets and expand into new ones, including the US.
MFS Africa implements ThetaRay’s solution to detect financial crimes
ThetaRay says its Sonar solution helps to “effectively identify truly suspicious cases”.
MarketFinance nets £30m credit facility from Israeli investment group Viola
Viola had previously invested £75 million in the company to support its entry into the business loans segment.
Israeli embedded finance start-up Noble emerges from stealth with $18m
Noble plans on using the new funding to hire new team members and aid product development.
Investment platform Vyzer taps Salt Edge for open banking API solution
The firm will leverage Salt Edge’s Account Information API and data enrichment solutions.
Remitly set to acquire Israeli fintech Rewire for $80m
The transaction is expected to close in H2 2022 subject to regulatory approvals.
B2B e-commerce paytech Balance raises $56m in Series B round
The fresh capital takes the company’s total funding to $87 million.
Fintech for migrants Rewire acquires prepaid card provider Imagen
Imagen is Rewire’s first acquisition and will enable it to provide prepaid debit cards in Israel.
BaaS start-up Unit raises $100m Series C, reaches $1.2bn valuation
The company intends to use the capital to “make it even easier for companies to launch and succeed”.
Investment management platform FundGuard lands $40m Series B
The round saw participation from Citi, State Street, Blumberg Capital, LionBird Ventures and Team8 Capital.
ICYMI fintech funding round-up: Gotrade, lemon.markets, Unifimoney & Gaviti
Our weekly fintech round-up for you to get the latest funding news from around the world.
Credit fintech Liquidity lands $775m to fuel growth
Apollo partner Joshua Black will also join Liquidity’s board of directors.
Apollo Fintech taps ThetaRay for Sonar AML monitoring tech
Apollo Fintech will deploy Sonar on its new bank-to-bank payments service Knox Wire.
Payoneer taps cybersecurity firm ThetaRay for AI-powered transaction monitoring
Payoneer will deploy ThetaRay’s Sonar solution from Q2 2022.
Shift4 to acquire cross-border payments provider Finaro in $575m deal
The company also confirmed the acquisition of cryptocurrency fundraising platform The Giving Block.
Mashreq Bank implements ThetaRay’s transaction monitoring tech for correspondent banking
Mashreq Bank is Israel-based ThetaRay’s first customer in the UAE.
Fintech for migrants Rewire lands $25m investment
The investment will be used to bring insurance products to Rewire’s 600,000 users.
Financial services customer engagement platform Personetics raises $85m in growth funding
Personetics’ technology analyses real-time financial data at customer touchpoints, learning their financial behaviours.
Unit adds cross-border payments capabilities with Currencycloud
Tie-up expands capabilities for the US customers of Unit’s Banking-as-a-Service (BaaS) platform.
Israeli blockchain firm StarkWare raises $50m in Series C round
Company aims to increase blockchain bandwidth to scale technology for mass use.
8fig raises $50m to reinvent supply chain management for e-commerce sellers
8fig says it’s on a mission to propel 10,000 sellers to eight-figure revenue by 2025.
SoFi partners Pagaya to boost access to financial services
SoFi plans to extend its credit lending services to a broader audience.
Kenbi launches in Israel to help merchants approve payments
New fintech aims to sit atop payment flows and enable easier transactions.
Spend management platform PayEm lands $27m in funding
The Israeli fintech says it meets the accounting needs of decentralised and fragmented global enterprise.
Brex acquires Israeli start-up Weav in $50m deal
US fintech will aim to leverage Weav’s API technology.
BaaS start-up Unit raises $51m in Series B round
The company also announced the launch of its new service Unit Go.
Forter raises $300m in Series F to invest in fraud prevention tech
New York-based firm has raised $525 million in total since 2013 and is now valued at $3 billion.
ThetaRay raises $31m to fuel cross-border payments expansion
Cybersecurity firm has big ambitions for changing the cross-border sector.
Mizrahi-Tehafot Bank picks up Finastra payments solution
Israel-based bank extends partnership with Finastra.
Spac led by ex-Commerzbank CEO trading on Amsterdam’s Euronext
The blank-check firm has already sold 41.5 million shares at €10 each.
PayPal buys Israeli crypto wallet Curv for its new blockchain unit
PayPal expects the acquisition to close in the first half of 2021.
Fintech funding deals globally 22-28 February 2021
Featuring Chargebee, Tyme, TypTap Insurance, Anchorage, and Earnix.
Banking Tech Awards 2020 Winner: BTB – Best Use of IT in Private Banking/Wealth Management
BTB’s business model has brought annual average returns of 7% in the last seven years with low defaults.
AI fintech Earnix becomes Israel’s latest unicorn with “pre-IPO” round
The fintech’s $75 million raise marks its first funding round since 2017.
Fintech funding deals globally 15-21 February 2021
Featuring Public, Webull, Blockchain, GoCardless, and Personetics.
Personetics raises $75m from Warburg Pincus
Data analytics and customer engagement firm plans expansion with new funding.
Fintech funding round-up: UiPath, Narmi, Balance, GajiGesa, and more
The start of February has seen a whole host of funding rounds around the world.
PayKey integrates investment and loan services on mobile keyboards
Clients include Standard Chartered, UniCredit, HSBC and ING.
