The Floor (operated by Fintech Next Ltd.), a new fintech hub launched in Tel Aviv, Israel, raised $2m in funding.
Pando Group, a Chinese venture capital firm, made the investment.
Led by by Avi Cohen, Gil Devora and Moises Cohen, The Floor is a hub providing a platform for startups, entrepreneurs, venture capital firms and banks to connect in one place with the aim to develop and implement financial technology solutions in the folowing areas:
– Digital Banking,
– Capital Markets,
– Big Data Analytics,
– IoT Solutions for banking,
– Digital Payments,
– Compliance/KYC, and
In addition, the company will select up to five of its member startups to participate in a dedicated accelerator (the Fintech Next Programme).
The hub is supported by Banco Santander, HSBC, Intesa Sanpaolo and RBS.