Startup Fintech, Earnix, bernilai $ 1 miliar

Earnix, which is implementing IT projects with AL and analytics in the banking and insurance market, has been valued by investors at one billion

During the last round of financing, this Israeli startup raised $75 million. Among them are such well-known market players as Insight Partners, as well as Jerusalem Venture, Vintage Investment and some other investors.

After this funding round, the company's current price exceeded $1 billion. This gave Earnix the right to be called a "unicorn" company.

The term unicorn was first mentioned by the creator of the project Cowboy Eileen Lee in 2013. This means that the company is promising and rare. In regards to Earnix, this is 100% true.

Investors appreciated the prospects. Some went even further, and in addition to investments joined the board of directors. In particular, Erel Margalit, head of Jerusalem Venture, will take over as ceo of Earnix.

Currently, the startup is represented in the North American, European and Australian markets. Ahead of the unicorn IPO. The company will spend the money received from the financing on development, subjugation of foreign markets, and acceleration of growth.

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