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Fintech
Charlie Javice and Israeli executive convicted in $175M JPMorgan fraud case
Court convicts Charlie Javice and Israeli Olivier Amar of orchestrating a $175 million fraud against JPMorgan, falsifying user data to secure the startup’s acquisition
Calcalist
|
03.31.25
Israeli fintech firm eToro files for Wall Street IPO after previous setback
Company aims for valuation of at least $5 billion after canceling 2021 SPAC listing due to regulatory hurdles; revives plans following Bitcoin surge and recent market shifts
Sophie Shulman
|
02.13.25
Israeli fintech unicorn Rapyd laying off 30 employees in Israel
Tech company fires 30 workers in Israel in a bid to copy their positions over to South America and Europe in order to reduce costs
Meir Orbach/Calcalist
|
06.18.24
Investor Dovi Frances to sell Papaya Global shares at loss, co-founder Guez says she'll buy
Frances offers to sell his 2.8% stake in the company for $12.5 million, dropping Papaya's valuation to approximately $444 million, a stark contrast to its previous funding round valuation of $3.7 billion; he objects to Guez's decision to withdraw company funds from Israel
Sophie Shulman
|
08.29.23
Israeli fintech firm Vesttoo faces probe for multi-billion-dollar fraud
Initial inspection suggests that the billions of dollars in collateral presented by Vesttoo were fraudulent, as several executives recently retired from the company in the wake of the scandal
Meir Orbach, Calcalist
|
07.18.23
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