Team8 Launches New Fintech-Focused Venture Capital
- The VC will be headed by eToro’s Ronen Assia and Payoneer’s Yuval Tal, among others.
Team8, an Israeli cybersecurity think tank and company creation platform, is concentrating on Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term startups with the launch of its new industry-specific VC, Team8 Fintech.
The new venture capital will focus on founding and scaling fintech startups and will focus on both B2B and B2B2C companies. It is planning to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its foundry model of company building, ideating novel solutions to address the problems and opportunities of its target audience.
Further, it plans to partner with entrepreneurs to co-found new companies.
“The financial industry is facing a perfect storm, with inevitable changes and advancements already underway,” Rakefet Russak-Aminoach, founder of Team8 Fintech, said in a statement.
“Understanding the challenges and complexities of incumbents or other enterprises to innovate from within, my passion is to build the type of companies I would have wanted to collaborate with in my previous role as CEO of a bank. I see great opportunities in leveraging new technologies to completely reinvent financial services, drive efficiency, and improve customer experience.”
Backed by Well-Known Industry Names
Established in 2014, Team8 made its mark as a tech venture capital in the industry due to its backing from companies like Barclays, Microsoft, Walmart, and Cisco.
In fact, the new venture will be led by four well-known fintech entrepreneurs: eToro’s Ronen Assia; Yuval Tal from Payoneer; Rakefet Russak-Aminoach, who created Israel’s first neobank Pepper within Bank Leumi; and Galia Beer-Gabel, a senior executive at Paypal.
The Foundry will also leverage Team8 Village, the venture capital’s existing network of several corporate executives and investors from the industry.
“We’ve been incredibly impressed by Team8’s approach and track record, and feel they are the ideal partner to help think through some of the challenges and opportunities we all face,” Ben Davey, CEO of Barclays Ventures, said.
Team8, an Israeli cybersecurity think tank and company creation platform, is concentrating on Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term startups with the launch of its new industry-specific VC, Team8 Fintech.
The new venture capital will focus on founding and scaling fintech startups and will focus on both B2B and B2B2C companies. It is planning to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term its foundry model of company building, ideating novel solutions to address the problems and opportunities of its target audience.
Further, it plans to partner with entrepreneurs to co-found new companies.
“The financial industry is facing a perfect storm, with inevitable changes and advancements already underway,” Rakefet Russak-Aminoach, founder of Team8 Fintech, said in a statement.
“Understanding the challenges and complexities of incumbents or other enterprises to innovate from within, my passion is to build the type of companies I would have wanted to collaborate with in my previous role as CEO of a bank. I see great opportunities in leveraging new technologies to completely reinvent financial services, drive efficiency, and improve customer experience.”
Backed by Well-Known Industry Names
Established in 2014, Team8 made its mark as a tech venture capital in the industry due to its backing from companies like Barclays, Microsoft, Walmart, and Cisco.
In fact, the new venture will be led by four well-known fintech entrepreneurs: eToro’s Ronen Assia; Yuval Tal from Payoneer; Rakefet Russak-Aminoach, who created Israel’s first neobank Pepper within Bank Leumi; and Galia Beer-Gabel, a senior executive at Paypal.
The Foundry will also leverage Team8 Village, the venture capital’s existing network of several corporate executives and investors from the industry.
“We’ve been incredibly impressed by Team8’s approach and track record, and feel they are the ideal partner to help think through some of the challenges and opportunities we all face,” Ben Davey, CEO of Barclays Ventures, said.