New Fintech Hub At Tel Aviv Stock Exchange
March 28, 2016 | The Floor, a recently launched Fintech hub, is set to open in the Israeli stock exchange building in the center of Tel Aviv. The new hub, the first of its kind in Israel, will include a collaborative workspace for Fintech companies, private offices, and a unique acceleration plan for Fintech entrepreneurs. FinTech Next, the company behind “The Floor”, was founded in 2015 by Gil Devora, Avi Cohen and Moises Cohen. FinTech signed a five year lease with the Israeli stock exchange building to rent out an 800 square meter space in the building, with an option to extend for three more years. The hub is expected to host over 25 Fintech companies, all in different funding and progress stages. Among The Floor’s founders are some of the biggest banks in the world: RBS, Banco Santander, HSBC Intesa Sanpaolo, alongside Chinese-Israeli fund the Pando Group that plans to invest up to $250 million dollars in Israeli initiatives. The fund has also invested a preliminary amount of $2 million in The Floor.