Tag: Crowdsourcing Finance

As Israel observes Hanukkah – a celebration of the light among the darkness – it’s time to highlight the tech trends creating sparks within the Startup Nation. Note, these trends are based on our deal flow – what our team sees on the ground. Trend 3/8: Crowdsourcing Finance How a trend is born:  Banks and startups: the two worlds could hardly be further apart. It’s obvious even on the surface: Banks are colossal institutions, conservative in nature, often centuries of history. Startups hire minimal staff and are innovative – and fledgling – businesses. So why are some of the world’s major financial institutions heading to Tel Aviv to set up start-up accelerators? The answer: Fintech (financial technology). In the most recent development of the Startup Nation, the Israeli fintech space has earned the attention of banking institutions both in Israel and abroad. While there have been some notable success stories (Fundtech, Nice Systems and now, Check), Israel isn’t particularly famous for its fintech startups. While Tel Aviv has become almost legendary for its innovation and entrepreneurship, it is less known for its financial institutions. Not anymore. According to a recent report,...