CTech's Monday Roundup of Israeli Tech News
The secret to TripActions' success: clients' low expectations, says co-founder; Israel's banking ecosystem is experiencing upheaval
CTech | 14:39, 01.07.19
Interview | The secret to TripActions' success: clients' low expectations, says co-founder. TripActions' recent $250 million funding round saw it jump from a $1.1 billion valuation to $4 billion in less than a year. Read more
Analysis | Israel's banking ecosystem is experiencing upheaval. On Sunday, Israel’s Bank Leumi CEO and President Rakefet Russak-Aminoach announced her upcoming retirement, becoming the third Israeli bank CEO to do so since April. Read more
In 2018, Israel-linked companies in New York generated $18.6 billion in revenue. From 2009 to 2018, 436 Israeli-founded companies opened and maintained offices in New York State, according to a new report by the New York–Israel Business Alliance. Read more Ronit Atad appointed head of Microsoft Israel. Shelly Landsmann, the current general manager of Microsoft Israel, will be stepping down in early July after a four-year tenure. Read more Israel, Hong Kong agree to ease export-import process. According to the agreement, authorized economic operators on both sides will receive various benefits and exemptions at customs. Read more Interview | Japan’s economical changes spell opportunities for Israeli investors, says Comgest exec. Richard Kaye, portfolio manager of the Comgest Growth Japan fund, has been invested in the Japanese market since the lost decade. Read more Lacking regulatory approval, Israeli gas fields postpone commercial streaming to Egypt. Originally scheduled to begin by the end of June, the streaming of 64 billion cubic meters of gas to Egypt over a 10 year period is now planned for late 2019. Read more Tel Aviv mall’s newest tenant: coworking real estate company Mixer. According to Mixer, the space it leased inside Tel Aviv’s Gan Ha'ir Mall will include a collaborative retail space in addition to a coworking space. Read more
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