Israel VC Starts Viola Fintech, Raises $100M For Global Fintech Investment

Israeli venture capital firm Viola Venture has raised $100 million towards a new independent fintech-focused fund, dubbed Viola Fintech.

The fund, which has a target of between $120-150 million, will look to invest in fintech startups across the globe, with a specific focus on what it terms “fintegration,” defined as the way financial institutions are implementing new solutions.

The fund, which was founded by Daniel Tsiddon, the former CEO of Bank Leumi, one of the largest banks in Israel, plans to work closely with investors and incumbent players to achieve this goal.

The fund is backed by several global banks at this stage, including The Travelers Companies, Bank Hapoalim, and Scotiabank.

Read more at Reuters and TechCrunch.

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