Israel’s Fintech ecosystem is helping usher in a new era of global finance – CTech

Israel’s Fintech ecosystem is helping usher in a new era of global finance – CTech

The rise of the global Fintech sector and Israel’s role as a major player in the field has never been more apparent. Although the industry has been thriving for the last decade, the last few years in particular, have seen Israel’s Fintech industry grow making it a leading hub for companies around the world.

 

Fintech is the industry that relates to any of the following sectors: payments and money transfer, big data, risk management, trading and investing, anti-fraud, and security. Each year, companies collect more data, and products and services become more digitized, making it easier than ever before to innovate traditional sectors like banking and bring them into the 21st century.

 

Fintech opens every smartphone to a world of financial opportunity. Photo Shutterstock Fintech opens every smartphone to a world of financial opportunity. Photo Shutterstock

In 2019 alone, Israel’s Fintech sector raised $1.8 billion in equity, representing a 100% increase from 2018 and jumping to 5% of the world’s total venture investments in Fintech – compared to only1.7% the year before. Last year, Israel was ranked fifth for global investments following powerhouses such as The U.S, China, India, and the U.K.

 

Today, Israel is the home of more than 529 startups dedicated to the Fintech space, according to Startup Nation Central, a site dedicated to tracking
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