IVC Data and Insights’ Post

The Israeli fintech industry has grown rapidly over the past decade, becoming a global hub for innovation in financial technology. According to IVC Data and Insights, there are 743 active fintech companies. From 2014 to September 2024, fintech companies raised $21.7 billion in 1550 deals. During the past decade, Israeli fintech exits grabbed $10.73 billion in 166 deals (M&As and IPOs). Those companies and others became global leaders: Payoneer (Payments), Lemonade (Insurtech), eToro (Social trading/cryptocurrency), Fundbox (Credit and lending), Next Insurance (Insurtech), and CyberArk (Security). However, Israeli fintech saw a noticeable drop in capital raising, amounts, and the number of deals Since 2022. IVC analysis found that by September 2024, Israeli fintech companies had raised $605 million in 46 deals. The decline in fintech investments is not unique to the Israeli tech ecosystem. According to the S&P Global Market Intelligence report, global fintech funding fell by 42%, reaching $35.45 billion in 2023. IVC Data and Insights #techinvestments #fintech #israelifintech

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