The world’s “Start-up Nation” has cemented its position as a global leader of tech innovation, raising over $5.37 billion in investments in Q1 2021.
Global investors have thrown their support behind emerging Israeli tech with the region receiving over $5.37 billion in funding across Cyber Security, FinTech, FoodTech and IoT verticals in the first quarter of 2021.
FinTech on target for record breaking year
Israel’s FinTech was a particularly strong performer with funding totalling $1.18 billion in the three months period – a 120% increase on the previous quarter.
There are over 529 active FinTech start-ups in Israel across a broad spectrum of sub-sectors, including payments, InsurTech, trading and investments, and personal finance.
From strength to strength
Our new Israel FinTech Report 2020 showcases the ecosystem’s strong performance in 2020. FinTech had over $1.6 billion in investment across 65 deals in 2020 – despite the world being crippled by a pandemic that continues to slow economies.
Israeli FinTech owes its COVID resiliency to being B2B focused, which often requires long-term contracts and has lower marketing costs.
Why Israel?
With a unique culture, strong economy, government backing and globally connected ecosystem, Israel has established itself a world-leader in emerging tech.
Home to over 6,000 start-ups and hundreds of multinational R&D centres, the “Start-up Nation” has fostered a hotbed of innovation and collaboration to scale new ventures and encourage investment.
In fact, Israel is considered the world’s most innovative country with the highest amount of R&D expenditure per capita at over 4% of GDP – the average of OECD nations is 2%.
Gain access to the full report
Deep dive into the full report showcasing the latest record breaking investments in Israel technology. Plus, we explore 10 of the transformative trends set to disrupt financial services and how FinTech partnerships are the solutions for incumbents to compete.
