Israel’s Fintech success lies in ‘Israeli ingenuity,’ says Tipalti Co-Founder and CEO
Tipalti Co-Founder and CEO Chen Amit shares what he believes is the cause of Israel’s fintech success
“When I started, there were a few companies before us, (but) I landed on it randomly,” said Tipaliti Co-Founder and CEO Chen Amit when speaking at Calcalist’s FinTech 2021 conference. Since its founding in 2010, the supplier payments automation company has gone on to raise $286 million in funding and recently acquired Approve to help solve a broader part of the solution.
Today, the Fintech space in Israel has almost 500 startups and is raising hundreds of millions of dollars to change the way we do banking, finance, and payment transactions online. “It is general Israeli ingenuity, the fact we are aggressive, we are trying to build new stuff and trying to find new niches, that's my only explanation,” he added.
You can watch the entire exchange in the video above.