Isracard reported a planned investment of $ 15 million in the new fund Monte Capital 2.

The credit card company Isracard continues to look for new growth engines, after being separated from Bank Hapoalim. On Monday, the company reported a planned investment of $ 15 million (approximately NIS 47 million) in the new (fourth) fund that is currently establishing the venture capital fund Monte Capital 2.
Isracard, which will be managed for another two weeks by Ran Oz, will be an anchor investor in the new capital of Monte Capital 2, and will be able to make joint investments with it - and increase the investment in the fund up to $ 20 million (about NIS 63 million).
The investment in Monte Capital 2 comes after about a year of acquaintance between the parties, and an insignificant investment that Isracard made in the company's lime fund (early stages). Isracard's holding in the new Monte Fund will be 10% -19.9%.
Monte Capital 2 is currently in the midst of raising funds for the new fund. The company intends to raise $ 200-150 million - and focus on investments in Israeli and international fintech companies, which have collaborations with financial institutions in Israel and abroad. Monte Capital 2 is currently in the process of raising funds for the new fund. The company intends to raise $ 200-150 million - And focus on investments in Israeli and international fintech companies, which have collaborations with financial institutions in Israel and abroad.
Monte Capital 2 was founded in 2015 by Adoram Gaash and Meirav Har Noy, and specializes in investments in fintech and inshortech (technology companies in the insurance worlds). The Monte Capital Group manages approximately $ 150 million in assets, through three funds: Monte-Sids, which is $ 20 million and invests in early-stage funds; Monte-Capital, which manages $ 80 million in assets and specializes in funds that are in growth and operates in parallel with the Lime Fund; And Monte Sides 2, which manages $ 50 million in assets.
Monte Seeds 2 continues the activities of the First Seed Foundation, and specializes in establishing companies that are in the earliest stages. Its portfolio companies include Tipranks, Sproutt, Panorays, Railsbank, Rewir.