Israel-based Rewire, a fintech startup that develops cross-border online banking services, has raised $20M (approx €16.5M) in its Series B round of funding and has also received a significant line of credit from a leading bank.
Investors in this round
The Series B was led by OurCrowd, and included new key investors Renegade Partners, Glilot Capital Partners (via their early growth fund Glilot+), and Jerry Yang, former Yahoo! CEO and director at Alibaba, through AME Cloud Ventures.
Current investors include Viola Fintech, BNP Paribas via Opera Tech Ventures, Moneta Capital, and private angel investors.
The current round of funding will enable the fintech startup to continue enhancing its product portfolio and services, as well as its strategic partnerships in the migrant’s country of origin and the country in which they currently reside.