Visa Announces $100-Million Venture Fund Focused on Europe and Israel
The financial services company is looking for technologies in areas like payments, information security, fraud prevention, and e-commerce
Meir Orbach | 17:09 04.06.2018
Visa Inc. announced on Monday a $100-million dollar venture investment fund focused on startups in European countries and in Israel. The credit card processing company also launched a fast-track program for partnerships with fintech ventures.
Shahar Friedman, Visa’s top executive in Israel, told Calcalist that Visa looks to Israel alongside Europe as it seeks out fintech innovation.The company will look for technologies in areas like payments, information security, fraud prevention, and e-commerce. Visa’s new startup program is designed for onboarding of new fintech startups to help them tap into the company’s network within four weeks. The initiative will start in the U.K. and then expand to Europe and Israel.