An Israeli startup in the fintech field successfully raised $150 million in Series C funding. The company develops a platform for international payments based on blockchain technology.

The platform allows for fast and cheap international money transfers, using advanced encryption technologies. The company already serves hundreds of thousands of customers worldwide.

"We are changing the way people transfer money around the world. Our technology drastically reduces costs and accelerates processes."

Expansion Plans

The company plans to use the funds to expand its activities into new markets in Asia and Latin America. Additionally, it is working on new products for the business market.

The outlook is that the company will achieve profitability in 2025 and consider an initial public offering in the coming years.