Israel is known as the startup nation as it has the highest density of startups in the world. Out of the 6,000 active startups, there are more than 500 FinTechs. Israel is a tier 1 premier global FinTech hub and a world leader in cybersecurity. High valuations and large funding rounds are fueling the FinTech ecosystem in the country.
Israeli startups raised $9 billion in 2020. Between September 2020 and January 2021, Israeli FinTechs raised approximately $1.4 billion, accounting for 24% of all technology-focused investments. Almost half of these FinTech investments were made in the Payments domain.
