Futora, an Israeli fintech startup, raised $6m in funding.
The round was led by TAU Ventures, Tel-Aviv University’s investment fund, North First Ventures, J-Ventures from Silicon Valley, and Sergio Fogel.
The company intends to use the funds for ongoing product development and for build out of the sales processes in Europe and the US.
Founded in 2020 by Asaf Seri and Ayal Leibowitz after selling one of the Israeli fintech pioneers, Modelity Technologies, to the German LPA, Futora leverages a tech system that enables banks and financial institutions to create investment products that are personally customized for each client. The platform includes a marketplace of retail banks and large investment banks trading on the hedging instruments of the financial products.
The system is now being piloted in a number of banks in Israel and abroad.
FinSMEs
10/10/2021