A tale of 44 cities | Tel Aviv S e l f e v a u l a t i o n o f tH h eu hb u bi in nd i sc High Rankixa t ko e yr s a r e a Tel Avivs Best workspace and accelerators Hub features Top FinTech companies Hub profile Technologies Payoneer, Etoro, Sapiens, Credorx, Tipalti, Fundbox, Forter, Zooz, Personetics, K Lemonade, Riskified, Behalf. uala Lump G Data analytics Wo Barclays Techstars Digital identity Big investors auv rre Citi Accelerator sr Corporate VC’s: Microsoft, Samsung, Intel, IBM, Deutsche Telekom, Cisco, awn Cloud computing m Mindspace e Nautilus by AOL , 500 Startups. Gn l o b a l fi The Floor Machine learning nt C es n t r eu We Work 3p T8p Robotics eo l Local VC’s: Jerusalem Venture Partners, Magma Venture Capital, Carmel Ventures, r At v i vn o i Aleph, Pitango, 83North and many angel investors. t a v Innovation areas o n n I l ax Success stories be o Sld Cyber security hGn anI1 CheckPoint is the largest pure-play security vendor globally and remains a leader gha2 i Fraud detection and in the 2016 Gartner Magic Quadrant for Unified Threat Management. They secure The Israeli Hub is mostly known for its technological talent poolIn mitigation n INDEX SCOREo more than 100,000 businesses and millions of users worldwide and has the which includes special units of army-trained entrepreneurs whova Robo advisors t industry’s highest malware catch rate. Lisboni o KYC are bold, innovative and creative. Israel has a strong risk-taking spirit c n where failure is seen as an opportunity to learn, and there is an 111utlu Analytics Other success stories include FundTech which was acquired in 2015 for $1.25bn entrepreneurial hunger to succeed in scale. The fact that the Israeli er and Payoneer which raised $180m in October 2016. market is very small creates ventures that design their products Challenges Low Rank5 The future that cater to the European/US markets from the get-go.2uBD Significant time difference enisnio We foresee an increase in the number of venture capital-backed companies that ssg Small size of market focus on InsurTech and AI. Financial services will become more digital and digital se Isolated market banks, such as Pepper, will emerge. We expect the increasing number of foreign Rrti egxpe R&D centres being set up in Israel, e.g., JP Morgan R&D centre, to be a continuing ulatio to e trend. nity xim While Israel is a small and isolated market, it can be seen as an advantage in terms Pro of international collaboration. It forces the local industry to focus on larger global markets. As such, the payments and trading systems that emerged in Israel are Hub representativers geared globally. Startup Nation CentralForeigstome n startupity to cu sProxim Data to be updated in full report (Sibos, October 2017) 109