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Monthly Archives: September 2020
Investment in Israeli startups (13 Sep 20)
Snyk raised $200 million; Melio raised $140 million; Pcysys raised $25 million;
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Israeli ice cream in New York
After debuts in Australia and Puerto Rico, Israeli gelato chain Anita (reported here previously) has finally arrived in New York. Its store, near Central Park, brings unique flavors from the Holy Land, some specifically for the Big Apple. https://www.jpost.com/israel-news/israeli-ice-cream-chain-anita-arrives-in-new-york-641338
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Flexible payments during Covid-19
Israel’s Melio helps small businesses to better manage their cash flow during the pandemic. It allows them to transfer and receive payments in a faster, easier way. The workforce of Melio has increased from 35 to 125 since the start … Continue reading
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Investing in wellness
Israel’s Joy Ventures seeks out and supports organizations that are actively working on wellness solutions to help those suffering from the ‘new world’ brought on by Covid-19. Its portfolio includes Sanga (meditation) and virtual personal fitness coach Vi Technologies (reported … Continue reading
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We are hiring
Israeli fintech company Payoneer (reported here previously) is recruiting 300 new employees, half of them in Israel and the other half across its dozens of branches around the world. There has been a huge demand during the Covid-19 pandemic for … Continue reading
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The first UAE investment
UAE-based private equity and venture capital fund KEN Investments has led a $5.8 million investment in Israel’s Salaryo, which provides credit and digital banking services to small businesses in the U.S. It is said to be the first time an … Continue reading
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Opening shoe shops in the UAE
Israel’s Scoop Shoes is opening five stores in Dubai and Abu Dhabi, the first such endeavor for an Israeli retailer. Scoop’s owners, brothers Ronnie and Freddie Insaz, partnered with Bethlehem businessman George Bassus, who has offices in Dubai, to establish … Continue reading
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UAE minister on trade with Israel.
The Southern California Israel Chamber of Commerce is publicizing a webinar (Mon 14 Sep) featuring the UAE’’s new Minister of Economy, Abdulla bin Touq Al Mari, on the business implications of the historic Abraham Accord. https://www.cvent.com/c/express/8604adab-9dd8-4f19-a360-3957cb9d4eff http://www.usuaebusiness.org/israel-u-a-e-u-s-agreement-heralds-much-more-than-peace/
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Generating startups
The Tel Aviv Municipality along with Google and Microsoft and others are to hold Israel’s “biggest 24-hour online bootcamp” on 15th & 16th Sep. The aim is to turn the ideas of at least 100 of the 500 participating fledgling … Continue reading
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Israel joins car makers’ club
Despite having no vehicle manufacturing companies, Israel has been accepted as a member of the International Organization of Motor Vehicle Manufacturers (OICA). Israel’s advanced auto-tech industry was sufficient qualification. https://www.calcalistech.com/ctech/articles/0,7340,L-3848523,00.html
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