RiseUp, an Israeli fintech startup that offers a new financial platform, has raised $30 million in a Series B funding round led by Corner Ventures alongside Aleph (Michael Eisenberg), Latitude (Saul Klein), Sir Ronald Cohen, and Jeff Schwartz. The latest round of funding brings the total investment in RiseUp to date to $50 million.
Fintech firms are big these days. They come in second only behind cyber security startups and Startup Nation is filled with both. So RiseUp is in good company. For example, in March Capitolis, another Israeli fintech startup, hit the coveted unicorn status with a $1.6 billion valuation. It did so with a $110 million Series D round of investment. And Pagaya Technologies, an Israeli fintech startup, revealed that its sales for 2021 will reach $475 million, beating its prediction by 17%. The company expects to soon go public with a valuation approaching $9 billion.
Founded in 2017 by Yuval Samet, Iftach Bar, Tamara Harel-Cohen, and Hanan Rubin, RiseUp offers a technology-based solution that helps customers control their expenses and save money. RiseUp boasts that their customers improve their cash flows by an average of $340 per month within 3 months of using the product.
“We built a subscription service which proactively helps customers improve their financial bottom line.”
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“This round will allow us to make sure that every household in Israel has the opportunity to take control of their finances, save money and build assets and will enable us to expand our offering to other countries around the world,” said Yuval Samet, CEO and Founder of RiseUp.