Rewire, an Israeli neobank that caters to the needs of migrant workers, this week announced a $25 million strategic investment that will allow it to develop insurance products for its customer base. Israeli insurance company Migdal participated in the round along with Standard Bank of South Africa, BNP Paribas, Moneta Capital Partners, Renegade Partners, Opera Tech Ventures, Viola Fintech, OurCrowd, Yehuda Zisapel, former Yahoo CEO Jerry Yang, and a group of unnamed angel investors.
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