Search Results for: 8 Israeli tech trends for 8 crazy nights

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 1/8: Online Lending How a trend is born:  According to estimates, lending institutions generate $870+ billion each year in fees and interest from over $3.2 trillion in lending. The lending industry is larger than the automobile and airline industries combined! Here’s the issue: the Global Financial Crisis of 2008-2009, when consumers and small businesses needed access to credit more than ever, many banks stopped offering loans and lines of credit. The combination of this liquidity crunch, new bank regulations and increased dissatisfaction with the quality and cost of banking services resulted in significant friction in the traditional lending industry and set the stage for the emergence of one of the hottest sectors of innovation in the world today: alternative finance and online lending. Who’s who:  In Israel, not only are companies aiming to build the online lending...