Bank Hapoalim

Business Overview

DESCRIPTION

Bank Hapoalim and Poalim Capital Markets investment platform for promising companies in the financial technology sector

The Fintech Initiative is a unique strategic corporate venture capital platform, targeting promising financial technology startups that will collaborate with various divisions of Bank Hapoalim.

The goals of the initiative include advancing innovation in the financial services sector; developing cutting edge products and services for Bank Hapoalim’s customer base; and supporting the growth of the Israeli Fintech industry.

Early stage FinTech companies are assessed for fit and potential to advance Bank Hapoalim Group’s core businesses.

Bank Hapoalim group offers prospective companies a design partner relationship that allows them to test and develop their products with the support of a leading financial services group.

Poalim Capital Markets, in collaboration with other Venture Capital funds will assess a potential financial investment for leading companies that have formed a working partnership with Bank Hapoalim.

Poalim Capital Markets is Israel’s leading investment bank providing a full range of global products and services. PCM is a subsidiary of Bank Hapoalim, Israel’s largest financial group. Since its establishment in 1990, PCM has played a major role in shaping the Israeli economy by providing international investment banking services, advising on numerous M&A transactions, structuring private equity funds, and leading the local underwriting market (through Poalim IBI). PCM’s diversified Private Equity (PE) platform manages and monitors the group’s private equity investment activities locally and internationally, including direct investments and co-investments across a wide range of sectors: alternative energy, life sciences, mezzanine, infrastructure, distressed, turnaround and growth equity. Together with its US strategic partner, William Blair & Company, PCM offers clients end-to-end, best-of-breed international investment banking solutions and advisory services, including public offerings on US exchanges, mergers & acquisitions and cross border private placements. PCM, in conjunction with international partners in China and India, provide investors and businesses a broad range of cross-border opportunities in some of the fastest growing markets in the world. Poalim Asia Direct, based in Beijing, China, provides tailor-made solutions to foreign corporations seeking the most effective entry, expansion and investment opportunities in China’s growing markets. PCM holds 19.97% of Poalim IBI’s shares.

The Fintech initiative is led by Bank Hapoalim’s Information Technology Division, the Office of Strategic Management at Bank Hapoalim andPoalim Capital Markets.

Active Investment Portfolio

Startup

Operating Status

Offering Type

Business Model

Total Funding

AI Employees

Pagaya Investments
Active
Software
B2B
$219.3 M
3
Thetaray
Active
Software
B2B
$60.5 M
10

Exited Investment Portfolio

Startup

Operating Status

Offering Type

Business Model

Total Funding

AI Employees

Investment Rounds History

Startup

Date Announced

Amount Raised

Funding Round

June 2020
$102 million
Series D
July 2018
$30 million
Series C
June 2016
$25 million
Series E
December 2015
$17 million
Series B