Uri Levin Credit: PR Discount Bank Q2 profit falls despite rate hikes

The decline in profits stemmed from an increase in credit loss expenses - the security cushion set aside by banks to protect them from unpaid loans.

Melio founders Credit: Eyal Izhar Israeli fintech co Melio cuts workforce by 10%

The layoffs are mainly among US sales staff, while the company is doubling its development team in Tel Aviv.

Pagaya bell ringing ceremony Credit:  Ido Isaac PR Pagaya share price begins to lose ground

After rising 1,000% in two weeks to become Israel's most valuable company, the Israeli fintech's share price has started to fall.

Pagaya bell ringing ceremony Credit:  Ido Isaac PR Pagaya founders' paper wealth could soon become real

According to the lock-up mechanism, Pagaya insiders could be able to sell shares within a couple of months.

Pagaya bell ringing ceremony Credit:  Ido Isaac PR Pagaya's market cap surges past $16b

The fintech company has overtaken Check Point to become Israel's second most valuable company, after its share price skyrocketed 900% in two weeks.

Lemonade IPO  credit: Company Facebook page Lemonade buys Metromile at 70% below original valuation

The Israeli insurtech company has completed the acquisition of the US vehicle insurtech company for $145 million in stock.

Pagaya founders Credit: Inbal Marmari Pagaya: Israel's three new billionaires are still under 40

The 700% rise in the share price of fintech company Pagaya over the past week has made Gal Krubiner, Yahav Yulzari, and Avital Pardo into billionaires, on paper at least.

Pagaya bell ringing ceremony Credit:  Ido Isaac PR Pagaya's meteoric share price rise continues

The fintech company has now shot past ICL and NICE Systems to become Israel's third most valuable company.

Balance founders Yoni Shuster and Bar Geron Credit: Balance B2B ecommerce payments co Balance raises $56m

The Israeli company has helped centuries-old industries come online including lumber, chemicals, steel, retail and food.

Mortgages credit: Shutterstock Mortgage taking in Israel remains very high despite rate hikes

The total of new home loans taken in Israel in June was NIS 11.9 billion, the Bank of Israel reports, up from NIS 11.6 billion in June 2021, the Bank of Israel reports.

Pagaya bell ringing ceremony Credit:  Ido Isaac PR Pagaya soars 334% on Nasdaq in short squeeze

The Israeli fintech company's share price closed at $11.70 on Friday, giving a market cap of $7.7 billion.

Pagaya bell ringing ceremony Credit:  Ido Isaac PR Pagaya's share price jumps 130%

Yesterday's massive rise came after the share lost most of its value in its first month of trading.

Moshe Kahlon Credit: Rafi Kotz and Yossi Cohen Moshe Kahlon questioned in Unetcredit affair

The Former Minister of Finance is not suspected of any theft but of failure to report as chairman and concealing the alleged crimes.

Otonomo gathers vehicle data  credit: Company website Israeli autotech companies crash in New York

Since merging with SPACs, several autotech companies have seen their valuations plunge, and one, Otonomo, could be in danger of being delisted.

Daniel Leon Credit: Eyal Izhar Cryptocurrency co Celsius files for bankruptcy

The largest Israeli-founded company operating in the decentralized finance sector is seeking Chapter 11 protection from its 100,000 creditors.

Next Insurance founders Credit: Next Insurance Digital insurance co Next Insurance lays off 150

The Israeli company, which sells online insurance to small businesses, is laying off 17% of its workforce, including 40 employees in Israel.

Emil Vainshel, Yohanan Danino,and  Nitzan Zeir-Harim, Wesure  credit: Rami Zarnegar WeSure completes acquisition of Ayalon insurance group

Insurtech company WeSure Global Tech bought 67% of Ayalon Holdings for NIS 447.6 million.

Pagaya founders Credit: Inbal Marmari Pagaya plunges 67% in first week's trading

The Israeli fintech company, which began trading on Nasdaq after its SPAC merger at a company valuation of $8.5 billion, is now worth only $2.8 billion.

Alfred Akirov  credit: Ben Yuster Alfred Akirov returns to investment in Bank Leumi

Akirov's Alrov Properties and Lodgings bought shares to the tune of NIS 100 million in the bank's offering last week.

Aaron Frenkel Credit: PR Aaron Frenkel buys Leumi shares for NIS 930m

The Israeli businessman holds 2.1% of the bank's equity after it raised NIS 2.75 billion in new shares last night.

Alex Bouaziz Credit: Deel Deel to buy global payroll co PayGroup

Deel has bid $1 per share, a 174% premium on PayGroup's closing price on the Australian stock exchange.

Pagaya founders Credit: Inbal Marmari Pagaya completes SPAC merger at $8.5b valuation

Despite the market turmoil, the Israeli fintech company debuts on Nasdaq today, without having cut its valuation.

Bank Leumi branch credit: Eyal Izhar Leumi share price falls hard ahead of NIS 2b TASE offering

The Israeli bank's share issue will support rising demand for loans in the commercial, business and mortgage sectors.

Fido's team Credit: Fido Israeli fintech co Fido raises $30m for African expansion

Based in Ghana, the company provides financial services in regions that lack basic banking services.

Pagaya founders Credit: Inbal Marmari Israeli fintech co Pagaya to complete SPAC merger this week

Last week SPAC company EJFA's share price fell 40% on the day before shareholders approved proceeding with the merger.

Supervisor of Banks Yair Avidan Credit: Gideon Sharon GPO Banks, credit card cos can share data with customer consent

From today non-banking credit companies in Israel can receive information from banks and credit card companies as part of the open banking reform.

Mortgages credit: Shutterstock Mortgage taking in Israel rose strongly in May

Mortgage lending totaled NIS 12 billion last month, the Bank of Israel reports, the second highest amount of mortgages taken this year, only beaten by the all-time record high of NIS 13.4 billion in March.

Daniel Leon Credit: Eyal Izhar Cryptocurrency platform Celsius halts withdrawals

The Israeli-US company has announced that it is suspending all withdrawals, swaps and transfers from the accounts of its investors.

Assaf Wand Photo: Eyal Izhar Hippo board replaces CEO Wand after stock price drops 80%

Hippo president Rick McCathron has taken over from co-founder Assaf Wand, who becomes executive chairperson.

New housing in Ashkelon Photo: Shutterstock Yuri Dondish Mortgage risk rises

Analysis by the Bank of Israel finds that loan-to-value and payment-to-income were at peak levels for mortgages taken in April.

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