Poalim Capital Markets Ltd. is a boutique investment banking firm that offers financial advisory services. The firm provides mergers and acquisitions, corporate divestiture, corporate recapitalizations and restructurings, leveraged buyouts, valuations and fairness opinions, private placements, and initial public offerings advisory services. Additionally, it offers feasibility study, private placement memorandum and investor presentation preparation, client road-show organization, and term sheet negotiation and closing services. The firm caters to corporations, institutional investors, and high net-worth individuals. It has strategic alliances with William Blair & Company, YES BANK, and Poali...
46 Rothschild Boulevard
Tel Aviv, 66883
Founded in 1990
Bank Hapoalim B.M. and Poalim Capital Markets Ltd. Launch an Investment Platform in Financial Technology Companies
Feb 21 12
Bank Hapoalim B.M. is initiating a FinTech Fund, the first of its kind in Israel. This unique dedication to investment in financial high-tech companies will turn Bank Hapoalim into the "home" for technology companies that specialize in development of products for the financial sector. Over the next 3-5 years, the Fund will allocate around NIS 80 million for investment in FinTech companies. Partners to the initiative to create the Fund are the Strategic Division of Bank Hapoalim, headed by Deputy CEO Arik Pinto, the Technology and Computer Division, headed by Deputy CEO Zvika Naggan, Poalim Capital Markets, the investment banking arm of the Bank, headed by CEO Amir Aviv. Poalim Capital Markets, which has extensive experience in private equity including venture capital funds and in principal investments in technology companies, including in the field of FinTech, will lead the equity investment activities within the framework of the project. The establishment of the new Fund will allow the Bank to launch and provide its clients with FinTech services and products in the forefront of banking technology. At the same time, FinTech entrepreneurs and companies will gain support for their product development process, from both the business and technology implementation aspects of trying and testing their products in tandem with the Bank's systems. In this way, both sides will enjoy the benefits of the cooperation: the Bank will be exposed to new technologies and retain its technology leadership, and the companies will be able to benefit from the business and technological know-how accrued by the Bank, with the chance to get exposure to end-users. The primary objective of the initiative is to locate innovative technologies that will serve the Bank's clients. The Fund will make equity investments subject also to the assessment of the project's financial potential by Poalim Capital Markets. The fund will focus on investing in companies that are in earlier stages, after or together with investment by a leading VC fund in the company. It is estimated that the fund will be involved in 15-20 technological projects at various stages of development.