Category: Finance

8fig, one of the first companies to develop a platform based on automation for planning, operating and financing business plans for e-commerce players, has completed a $140 million Series B financing round. Founded three years ago, this is the company’s biggest financing round to date. 8fig has 90 employees in two main centers in Tel […]

The credit rating agency Standard and Poor’s (S&P) stated on Friday that Israel’s credit rating remains unchanged, according to multiple reports, affirming Israel’s “Aa-/A-1+” rating.  The announcement by S&P came about a month after the rating agency Moody’s announced a downgrade of Israel’s credit outlook to ‘stable,’ instead of ‘positive.’ As for economic growth, from […]

Over the next year, governments around the world hope to dig up treasure for their tax coffers. Not buried underground but hidden in the Internet cloud. The US, EU and OECD are behind this, and the UN wants to tighten it further. Double taxation and other risks may be around the corner. Preparation and compliance […]

Indian companies have become dominant in several industries throughout the Gulf Cooperation Council (GCC). According to the GCC Statistical Center, success in fields such as retail, medicine, technology, education, contracting, and tourism has allowed Indians living in the GCC to send $89 billion back to India annually, 65% of India’s total remittances. For more stories […]

Early-stage Israeli venture capital firm AnD Ventures has closed its first fund at $70 million, exceeding its initial target of $50m. The firm aims to continue investing in early-stage Israel-based founders and has already invested in 10 companies, including Connected Insurance, Onebeat and InfiniGrow. AnD Ventures, founded by Lee Moser, Roy Geva Glasberg, and Ariel […]

ISrael’s Consumer Price Index rose 0.8% in April, nearly twice as high as the forecast, the Central Bureau of Statistics reported Monday. The year-over-year inflation rate remained steady at 5%, the same as in March, it said. The CPI measures the monthly change in prices paid by consumers for a basket of goods and services […]

As the days get warmer and summer vacation gets closer, here are some interesting facts about travel that you may not have known. First, about 72% of Europeans plan to travel between the months of April and September this year. And while leisure remains the main reason for travel (69%), there’s been a decrease of […]

In response to a wave of scam calls plaguing WhatsApp users, the popular messaging company has issued a statement outlining its efforts to combat the fraudulent activities. The scams involve individuals receiving calls from fake international numbers, causing concern and confusion among users. WhatsApp has implemented spam detection technology to identify and take action against […]

Long-term financial goals are an essential part of financial planning. They help you define your aspirations and create a roadmap for achieving them. Long-term goals aren’t easy to achieve. But why? Could it be that motivation wanes over time? Perhaps external circumstances change. Maybe it has to do with the feasibility of the goals. Many […]

Transparency around funding for financial inclusion is a critical building block for effective funder decision-making and coordination, and potentially for impact.  For individual funders, tracking and measuring funding commitments makes it possible to set and assess their strategies, identify opportunities and risks, and coordinate with other funders and partners. For the broader sector, making this […]