FINANCIAL SERVICES

Like other Softbank portfolio companies WeWork and Uber, Israeli insurtech startup Lemonade has high revenue, but it is still losing money.

Sources: Yair Landau is seeking to sell shares at a valuation of NIS 800 million-1 billion.

The sale of 5% of Clal Insurance to Lapidot crystallizes a loss of NIS 60 million for Eduardo Elsztain's IDB Development.

BlockTV's digital coins will be offered on the Bittrex Global cryptocurrency exchange.

CreditStacks offers credit cards and credit through digital services to new immigrants to the US and students.

Belgian startup Delta will be under the management of eToro managing director Doron Rosenblum.

A NIS 900 million provision, mostly for nursing care insurance, caused by the fall of the risk-free interest rate, is causing the company a NIS 250 million third quarter loss.

The Centerbridge and Gallatin Point Capital investment funds are buying the cntrollong 32.5% stake in the Israeli insurance company.

Starting in January 2020, only businesses using the new payment method will have their transactions protected.

DX.Exchange, which operates from Estonia and is fully owned by Limor Patarkazishvili, stated that if the exchange is not acquired, it will not resume activity.

The desk will be manned by a team of Israelis formerly with Credit Suisse.

Libra’s distributed governance will encourage a new wave of innovation and competition in financial service - Facebook will only have one vote out of at least 100 - Libra's founder says.

Ethereum cofounder and blockchain technology leader Vitalik Buterin tells "Globes" about the risks and challenges posed by cryptocurrencies.

IMF executive Anthony De Lannoy, in Israel for Cyber Week, sees the time coming when the rest of Israel's population will refuse to finance social benefits for non-working haredim.

Phoenix Excellence chief economist Amir Kahanovich believes interest rates will stay low for years to come and real estate prices could rise significantly.

Daniel Heyman and Dror Avieli of ConsenSys, the world's largest blockchain concern, map the future of its Ethereum technology.