Bank Hapoalim over recent months has invested in three different Israeli startups as part of the Israel Innovation Authority’s (IIA) amendment 43 under which the state provides a return of up to 40% of the original investment in case of losses incurred, Calcalist has learned. The investments are being implemented via the bank’s Innovation and Strategy department led by Avivit Bender, who serves as the Chief Corporate Development and Fintech Officer at the bank.

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