Israeli neobank raises $20m for expat cross-border services in Asia

clock • 1 min read

Rewire, a Tel Aviv-based neobank, has raised more than $20m in funding for an expansion of its financial services app tailored to the needs of expatriate workers across Asia. The fintech start-up, which specialises in cross-border online banking services said the Series B funding round of $20m will consolidate its growth in South-East Asia, in particular. The funding effort, which was led by OurCrowd, attracted investments from Jerry Yang, the former Yahoo! CEO and director at Alibaba, among others. Rewire reported it now has counts 230,000 users from China, the Philippines, India ...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.