ISRAEL - 100 Fintech Firms Include 5 Israeli

Arno Froese

CB Insights’ sixth-annual Fintech 100 ranking (previously the Fintech 250) showcasing the 100 most promising private fintech companies of 2023, includes five startups with Israeli offices.

The winning companies were chosen based on factors including equity funding, investor profiles, business relationships, R&D activity, news sentiment analysis, competitive landscape, proprietary Mosaic scores, and Yardstiq transcripts—and criteria such as tech novelty and market potential. 

Fairmatic, out of stealth only a year, introduced smart commercial auto insurance powered by risk and underwriting models that have been trained with nearly 200 billion miles of driving data.

Liquidity Group uses machine learning and financial algorithms to monitor the entire debt value chain, quickly and accurately assessing risk for companies across verticals. 

Novidea builds software to digitalize insurance businesses. The cloud-based management platform is intended to fuel rapid growth, optimize customer experience, offer real-time insights and actionable 
intelligence, and more.

One Zero Digital Bank, founded by Mobileye and OrCam founder Prof. Amnon Shashua … uses advanced information security systems to provide a private banking service that is truly private and manages clients’ money. 

AccessFintech offers the Synergy platform that optimizes workflow through collaboration, using data insights and shared technology access for faster resolution.

-www.israel21c.org, 15 October 2023

Arno's Commentary

The global Jewish population stands at 15.7 million, representing only 0.2% of the world’s population, yet claims 5% of a pool of 19,000 private companies. We also note that the Jewish population in Israel is not 15.7 million but only 7.2 million.

Modern Israel—a nation primarily consisting of Jewish refugees from all over the world—has shown that they’re quite superior to any other nation on planet earth when it comes to high-tech.

Biblically speaking, we realize that God has given the Jew various promises, some based on their subsequent obedience to the Word of God. But here is one that foreshadows Israel’s future: “For thou art an holy people unto the Lord thy God, and the Lord hath chosen thee to be a peculiar people unto himself, above all the nations that are upon the earth” (Deuteronomy 14:2).

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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