Israeli fintech sector saw record funding year in 2021
Categories: Hi-Tech
A new report by investment firm Viola Groupshows some USD 4.5 billion in investments in fintech start-ups and companies, more than double the total for 2020.
In fact, 17% of all Israeli unicorns — private companies valued at USD 1 billion or more — are fintech or insurtech (insurance tech) companies, often a sub-sector of fintech.
In addition to Melio, Honeybook, and Tipalti, among such unicorns are Rapyd, which facilitates multi-currency payments; Fundbox, a financial services and tools company that recently raised USD 100 million; and Next Insurance, aSilicon Valley-based insurance startup founded by Israeli entrepreneurs that uses machine learning to provide individualized policies to customers.
