US Fintech Giant Intuit to Hire in Israel

Intuit is expanding its operations in Israel, as reported by Globes.

The company will increase its 160 R&D employees in Israel to 400–500 in the next three years. The company will also move its offices from Hod Hasharon to a new location.

According to Globes, the company is planning to invest at least $50 million a year in Israel.

Intuit has been in Israel since 2014. At the time, it acquired Check, an Israeli company that developed a popular accounts payment application, for $360 million. Intuit’s current R&D center is indeed based on Check. In 2015, Intuit also acquired cyber defense company Porticor for about $10 million and Porticor’s technology laid the foundations for Intuit’s cyber defense.