Israel Active

The app from Israel’s Osu helps UK freelancers, sole traders and self-employed accept and manage payments. It has no transaction fees and allows its users to capture 100% of each sale. Osu has already collected hundreds of thousands of pounds of payments for 1,000 UK professionals.

Israel’s Phinergy (reported previously) is partnering Indian Oil Corporation (IOC) to make Aluminum-Air battery systems. India’s Prime Minister Modi wants electricity to “de-carbonize mobility”, to recycle used Aluminum and increase made-in-India products.

Israel’s Voyager Labs (reported previously) has announced that its suite of AI cloud-based security solutions is now also available on Microsoft Azure. Also, the Microsoft One Commercial Partner program gives Voyager Labs the facility to sell to Microsoft customers in 170 countries.

Israel’s Gloat (reported previously) has deployed its smart recruitment system to its first Arab bank. The UAE’s largest bank - First Abu Dhabi Bank (FAB) – has partnered with Gloat to launch its internal “Talent Marketplace” and enhance its career development program.

The latest International Monetary Fund's (IMF) Global Economic Report has revised Israel's growth forecast for 2021 upwards from 4.1% to 5% due to the successful rollout of the country's vaccination drive.

Israel's Composite State of the Economy Index for February increased by 0.4 percent, due to the easing of restrictions in the third lockdown. Positive factors were more job vacancies, services revenues, building starts and retail trade revenues.  A survey also showed increased optimism amongst business leaders.

Israel’s Yotpo (see ) has just raised $230 million to give it a market valuation of $1.4 billion. Simultaneously, Israel’s Orca Security (see ) raised $210 million for a $1.2 billion valuation.

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Israel’s , & made Fast Company’s 2021 world list of most innovative companies. was the most innovative company in Europe, Middle East & North Africa with 4th. (2nd) and (7th) were top innovative security companies.

Digital Turbine, Inc. is set to acquire Israeli-founded Fyber N.V. for $600 million. Fyber says its platform helps app developers monetize their products and optimize profitability through quality advertising, with its technology infrastructure reaching more than one billion monthly active users.