(Shutterstock/Illustrative) (Shutterstock/Illustrative)
fintech

Related:

The Jewish state is ranked fifth in the world in fintech investments after China, the United States, Britain and India.

By JNS

Investment in Israeli financial technology companies rose by 107 percent in 2019, reaching a record $1.8 billion, according to a report released on Wednesday by NGO Start-Up Nation Central.

Israel is ranked fifth in the world in fintech investments after China, the United States, Britain and India, and accounts for 5.1 percent of global investment in the field, according to Reuters.

Six capital rounds raised by Israeli fintech companies in 2019 totaled more than $100 million, compared with only one in the previous year.

Meanwhile, the U.S.-Israeli fintech company Pagaya announced on Wednesday that it had raised $102 million, reported Reuters.

The company’s artificial intelligence system manages some $1.6 billion of assets in banks, pension funds and other institutions.

JOIN US IN PLANTING FRUIT TREES IN THE LAND OF ISRAEL!

ISRAEL'S SUMMER PLANTING SEASON IS RIGHT NOW!

Make the Land of Israel even more beautiful and fruitful while helping Israeli farmers to recover from financial losses due to coronavirus and destructive Hamas arson fires.

“…for the Lord your God is bringing you into a good land… a land of wheat and barley, vines, figs and pomegranates, a land of olive oil and honey” (Deuteronomy 8:7-8)

CLICK TO PLANT YOUR FRUIT TREES IN ISRAEL TODAY!