Chinese VC Firm Pando Group Invests $2M In Israeli Fintech Hub ‘The Floor’
March 8, 2016 | Chinese venture capital firm Pando Group has invested US$2 million (HK$15.53 million) in Israeli fintech hub “The Floor” in Tel Aviv. The funds will go towards creating an academy for startups to learn about regulation, investment banking, retail banking and corporate banking. The Floor offers a “physical home for local fintech entrepreneurs and serves as the focal point of access to Israeli Fintech for leading international financial players, tech giants and VCs,” according to the The Floor’s website. The organization includes four founding partners and 25 expert mentors, as well partnering companies including HSBC, Banco Santander and RBS.