A vertical-focused financial technology hub, named The Floor, has been launched in Tel Aviv, Israel to support start-ups in the fintech sector.
Financially backed by Chinese venture capital fund Pando Group, the new hub will include an R&D centre, 1,600 square metres of collaborative workspace and host events to connect the country’s fintech startups with investors and partners.
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In addition, The Floor has also secured the support of four major banks including Banco Santander, HSBC, Intesa Sanpaolo and RBS.
Up to 25 companies can rent office space at the hub, gaining access to international financial players, venture capitalists and other mentors.
The hub is managed by Moises Cohen, Avi Cohen and Gil Devora.
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By GlobalData
