Checkout.com launches Tel Aviv R&D hub

London-based payments processor Checkout.com has announced the launch of its new Tel Aviv…

Elbit Systems wins $107m IDF tank simulation deal

McKinsey acquiring Israeli AI platform Iguazio for $50 million

6p/ McKinsey & Company, a global consulting firm, has acquired Israeli AI platform Iguazio for $50 million. The acquisition is part of McKinsey’s ongoing efforts to strengthen its capabilities in advanced analytics and…

Shekel weakens sharply amid political, security concerns

The Israeli Shekel has experienced a significant drop in value against the US dollar in recent weeks, as the currency has been buffeted by intensifying political and security concerns. The Shekel weakened by more than 2.5% against…

US Co RMS Buys Israel’s OrboGraph for Over $100M In a major move, US-based Risk Management Solutions (RMS) has acquired Israeli financial technology company OrboGraph for over $100 million. The acquisition will give RMS access to a suite of innovative technologies that will help the company develop its core risk management services. OrboGraph…

Israel’s five most promising early-stage fintech startups

/ In recent years, Israel has become a hotbed of exciting fintech startups. With a vibrant startup ecosystem and a strong history of innovation, Israel’s fintech scene is flourishing. The country is home to many promising…

Israel’s high-end housing market hit by slowdown

On April 28, 2021, the Israeli Ministry of Finance released a report showing that the country achieved a rare surplus in its budget for the first year of 2022. This is the first time since 1987 that government revenues have exceeded spending. The report revealed that in 2022, the government had incomes of NIS 242.3 billion, which was 3.2% higher than…

Cybersecurity hit most as tech investment plunged in 2022

The global pandemic of 2020 has had a huge impact on the tech startup industry, but nowhere has it been felt more than in the field of cybersecurity. According to a new report from the Israeli venture capital firm IVC Research…

Eyeing Iran, Israel moves to shore up ties with neighboring Caucasus, Central Asia

As tension between Iran and Israel continues to mount, Israel is seeking to further strengthen ties with its neighbors in the Caucasus and Central Asia. This is a strategic move to ensure…