Good News Israel presents Israel exports Dead Sea salt to Russia; Israeli startup helps small businesses with cash flow and much more.
By Michael Ordman
ECONOMY & BUSINESS
Israel exports salt to Russia
Israel’s Salt of the Earth has reported significant sales growth in the Russian salt market in 2014. The company also expects to double salt exports to Russia in 2015. Salt of the Earth supplies high-quality sea salt to tuna and salmon processing plants in Russia’s Vladivostok and Korsakov regions.
Exporting Israel’s Venture Capital success
Israel’s financial ecosystem took off in 1993 thanks to the venture capital firm Yozma and its founder Yigal Erlich, Chief Scientist of Israel’s Ministry of Industry and Trade with a US$100 million Government investment. Yozma is now expanding into Asia.
The most shared website on Facebook
Israel’s PlayBuzz has raised $16 million to expand its quiz games, lists and poll website internationally. Founded by Shaul Omert (son of an ex-Israeli PM) Playbuzz has grown to more than 80 million unique users, with more than half of its traffic coming from Facebook.
Keeping worthwhile businesses going
Israeli startup FundBox lends money to small businesses who are struggling with their cash flow. After uploading a company’s invoices and checking for fraud, Fundbox pays the company now, instead of it having to wait 60 or 90 days for the purchaser’s money.
Click here for all of this week’s Good News from Israel.