Checkout.com launches R&D center in Tel Aviv
The cloud-based payments service provider is set to hire around 100 employees in Israel for its product and engineering functions over the next 24 months
Checkout.com, the cloud-based payments service provider, announced on Tuesday its expansion into Israel with the launch of a research and development hub in Tel Aviv.
The launch of a new office in Israel is a continuation of Checkout.com’s international growth and will see it open about 100 positions across its product and engineering functions over the next 24 months.
“I’m delighted to announce the expansion of Checkout.com to Israel. The talent in the Israeli market represents some of the brightest minds in technology and will allow us at Checkout.com to continue attracting world-class developers and engineers to our business” said Meron Colbeci, Chief Product Officer at Checkout.com. “Our mission, to enable businesses and their communities to thrive in the digital economy, has never been more in focus.”
Chief Product Officer Meron Colbeci has relocated to Tel Aviv to establish the hub. The company also announced the appointment of a suite of senior leaders to its Israeli operations. Ido Lustig joins in a dual role as Vice President of Product for Risk & Identity and General Manager of Israel. Avi Golan joins as Vice President of Engineering, and Jonathan Junowicz was appointed as Vice President of Digital Marketing.
As part of its multi-product strategy to develop a range of solutions for enterprises, the new office will serve as a hub for the development of several product lines – including its recently announced Fraud Solution ‘Fraud Detection Pro’.
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“As eCommerce spending is projected to reach $5.5 trillion by the end of 2022, we’ve seen a sharp increase in online Fraud. Our Israeli operations will serve as a hub for the continued research and development into pioneering new applications of technology to serve our merchants with a robust toolkit to fight online fraud,” said Ido Lustig, VP of Product and General Manager of Israel at Checkout.com.
Checkout.com’s Israel office will be in the Midtown TLV hub.
