February 4, 2016
In our international FinTech ecosystems haul, we have missed one particularly interesting market that has recently become a magnet for FinTech companies on their way to expansion. Israel’ FinTech ecosystem may not be the hottest one yet, but it certainly attracts significant attention as one that’s growing at an outstanding pace.
If fact, Israel is widely considered to be home to more startups per capita than any other region globally and ranks highly in the startup ecosystem league rankings just behind Silicon Valley.
Israel has been at a center of interest of major financial institutions like Visa. Last year, Visa Europe announced the launch of Visa Europe Collab in Israel. Following the launch of Visa Europe Collab in London on May 1, Visa Europe Collab in Israel continues the mission of working with startups, entrepreneurs and partners to develop products and services that aim to transform the payments experience for consumers.
David Page, Co-Creator and Innovation Partner at Visa Europe Collab, commented, Israel is known as the ‘startup nation’ and its entrepreneurs are turning their creativity to the FinTech arena. Four Israeli companies – Zooz, Prontoly, PayItSimple and MyCheck – have already entered the Visa Europe Collab innovation pipeline and more fresh and ...