Israel is a fintech powerhouse with $ 1.8 billion in investment - 5th in the world in global investments

New data released by Startup Nation Central (SNC) reveals that Israel is also a fintech powerhouse. The organization reports that "2019 was a record year for Israeli fintech," with $ 1.8 billion in investment in the field - a 107% increase over fintech borrowing in 2018.
The large fundraising volume places Israel fifth in the world in total global investment in fintechs, after China, the US, the UK and India - and it attracts about 5% of global fintech investments (by comparison, cyber is about 15%).
According to the report, about 529 companies operate in the field of fintech in Israel, but the investments are concentrated in a few very large companies. In 2016, six borrowing transactions of more than $ 100 million were recorded, including Lemonade's $ 300 million borrowing, and Text Insurance raised The report has a total of 12 Israeli fintech companies that have already raised over $ 100 million. Also minus the 100 million club, in 2019 17 fund-raising in the field of fintech in Israel, with a median value of $ 40 million per round was registered.
The organization said that 87% of funding in the current year so far has been growth rounds (Round B and above), such as the recently raised $ 145 million BioCatch.
Most of the money flowing to the field of fintech in Israel is foreign money. 69% of transactions in 2019 were carried out by foreign investors, compared with 57% in 2018. "The presence of foreign investment usually occurs in advanced borrowing rounds aimed at expanding and growing the companies. Strategic investors deepen their activities in the market and bring with them, beyond capital, also extensive knowledge, experience as well as prospects," the review reads.