Israeli Fintech Companies Are Leaders In The Industry

The Israeli FinTech hub, The Floor, counted more than 500 FinTech startups in Israel with cumulative fundraising of more than $650 million, NoCamels reported.

These Israeli startups are true frontrunners of the industry. They all lead the sector, focusing on different aspects.

Who are these successful Israeli startups involved in the Fintech industry?

Zooz was founded in 2010 and today is based in Raanana. It provides a platform for payments that enables merchants to connect with various technologies and payment providers.

Zooz is a pay-in provider that enables customers to connect with multiple providers. Today, Zooz has raised $40 million, operating mostly in Israel, the US and Europe. Zooz has high-profile clients, such as Gett Taxi and Burberry Luxury Brand.

The Tel Aviv-based PayKey was established in 2014 and it’s today managed by CEO Daniel Peled and CTO Offer Markovich. PayKey is not limited on mobile, but it integrates banking apps with popular social media. It means that it allows bank customers transfer funds using popular social media and messenger networks such as Facebook, Twitter and WhatsApp.

PayKey lets users use many financial services including P2P payments, chatbot engagement, cardless withdrawal and more.

PayKey has raised over $16 million in three years.

Last but not least, Payoneer was founded in 2005 by Yuval Tal.

It is a leading pay-out service provider has enabled businesses and professionals from more than 200 countries to grow globally by offering a system of cross-border payments.

Payoneer has raised more than $270 million. Among its clients, there are Google, Airbnb, and Getty Images.