Latest Updates

April 24, 2025

New EDPB Draft Guidelines: Personal Data on the Blockchain

Earlier this month, the European Data Protection Board (EDPB) issued draft guidelines on the processing of personal data through blockchain technologies.

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March 12, 2025

Isracard purchased 30% of Bizi For Tens of Millions of Shekels

IsraCard has acquired one-third of the shares in the fintech company BIZI, which provides loans to small businesses through a digital platform, at a valuation of 90 million NIS (pre-money). Advs. Ilan Blumenfeld, Daniel Kleinman, and Shahaf Arbely from our firm advised BIZI in this transaction.

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March 1, 2025

Fintech-Tel Aviv 2025 Annual Summit: Dr. Zvi Gabbay join an expert panel

Adv. Dr. Zvi Gabbay, Head of our Regulation Department, has been invited to join an expert panel on "Best Practices for Fintech Implementation and Operations" at the Fintech-Tel Aviv 2025 Annual Summit! Startups, investors, and companies are invited to this unique fintech event.

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January 1, 2025

Regulated payment services & financial services in Israel – 2025 summary & outlook

2024 was characterized by a multitude of regulatory directives to payment companies and to payment initiation companies as part of the preparations for the licensing obligation that came into effect in June 2024.

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February 29, 2024

Fintech: Dr. Zvi Gabbay Lectured at Reichman University

Dr. Zvi Gabbay, the head of our firm’s Capital Markets Department, lectured at Reichman University. In this lecture, he offered insights into the convergence of regulatory frameworks and fintech verticals, shedding light on how to navigate and comply with evolving regulatory conditions.

August 13, 2023

Barnea: Representing Chargeflow in USD 14 Million Seed Round

Yuval Lazi and Nofar Rose David represented Chargeflow, a startup using AI to fight chargeback fraud, in an investment led by the VC firm OpenView Venture Partners. We provided legal advice on all aspects of the transaction, including labor law matters.

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May 28, 2023

Israel: Regulating Payment Services and Payment Initiation

New provisions set out the licensing framework for the provision of payment services, designed to encourage new players to enter the Israeli market and offer payment services while providing broad protection to consumers. The law will apply to companies providing payment services, credit service providers, acquirers, and more.

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March 2, 2023

In First, Arrangements Law Includes Extensive Reference to Digital Assets

The draft of Israel’s Arrangements Law – Economic Plan for 2023-2024 addresses digital assets extensively for the first time. The draft bill contains a section dedicated to the regulation of digital assets and addresses stablecoins, taxation issues, the banking system, DAOs (decentralized autonomous organizations) and more.

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February 8, 2023

Digital Assets or Securities?

The Israel Securities Authority recently published a proposal for a series of legislative amendments relating to digital (cryptographic) assets, whose implications go beyond the realm of digital assets and do not herald much good news for Israeli crypto ventures.

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November 6, 2022

New Regulations Exempt Credit and Financial Service Providers from License Requirement

To make it easier for fintech companies to operate in Israel, the Knesset Finance Committee has passed regulations to exempt several types of credit providers and financial service providers from a licensing duty.

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June 13, 2022

Doing Business in Israel: Fintech

International companies and individuals seeking to expand into a new area of business or expand their international business into Israel must understand the relevant legal landscape and how it may shape their operations. In this article, we will focus on international companies in the fintech sector considering offering services in Israel or to Israeli clients.

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March 3, 2022

Shift 4 Acquires Israeli Clearing Technology Company Finaro

Shift4 Payments, an American public company, has acquired Finaro for a value of USD 575 million. Advs. Simon Jaffa, Ariella Dreyfuss, Mayer Winkler, Harel Perlmutter, Hanna Daher, and Fadi Atallah advised on the transaction.

January 30, 2022

Representing BlueVine in Investment Round in Bizi

Itay Gura and Inbar Katzir represented BlueVine, a fintech company operating in the US that provides a banking platform for small and medium-sized businesses, in its first investment in an Israeli company. BlueVine led the USD 7.5 million investment in Bizi and will also grant Bizi a license for its platform to provide services in Israel.

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December 12, 2021

Do You Own Crypto? AML Order Also Applies to Digital Currencies

For the first time, companies providing virtual currency services will be required to comply with Israeli anti-money laundering provisions. This follows an amendment to the Prohibition of Money Laundering Order that recently came into effect. The amendment will apply to financial asset service providers obligated to hold a license under the Control of Financial Services Law.

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July 13, 2021

Real Estate Transactions Using Digital Currencies – Regulatory Challenges

The volume of real estate transactions incorporating digital currencies is expected to grow in the coming years, especially among young, wealthy, tech-savvy professionals. Zvi Gabbay, the head of our firm's Capital Markets Department and a former head of enforcement at the Israel Securities Authority, was interviewed by Globes on the trend. Zvi noted the regulatory challenges that exist in these types of transactions.

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May 23, 2021

Representing Migdal in Investment in Fintech Company Sunbit

The fintech company Sunbit, which has developed an AI-based technology that enables personalized payment options, raised USD 130 million in a series D financing round led by Group 11, Zeev Ventures, and Migdal Insurance. Our firm's Micky Barnea and Ariella Dreyfuss represented Migdal in the transaction.

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April 8, 2021

TipRanks Completes USD 77 Million Funding Round

Israel-based fintech company TipRanks announced today the completion of a USD 77 million funding round led by Prytek and Mor Investment House. Adv. Ariella Dreyfuss represented TipRanks in the round. TipRanks currently has 60 employees located mostly in Tel Aviv. With the new investment, the company plans to double its workforce and open offices in New York.

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July 9, 2020

Fintech Companies: New Program to Facilitate Regulatory Reliefs

Although Israel is a world leader in the fintech field, companies operating in this area face many regulatory challenges. A newly published legal memorandum aims to enable the creation of a “sandbox”, with inspiration from various programs already implemented in Japan, Australia, and Singapore. The goal is to establish a unique experimental environment, a “regulatory sandbox,” where regulatory relief is granted to companies who choose to participate in the program.

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March 4, 2020

Article: Snapshot of the Israeli Fintech Scene

Simon Jaffa and Dr. Zvi Gabbay take a look at the challenges and opportunities in the Israeli fintech sector in this short article.

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February 26, 2020

Zvi Gabbay Attends Fourth Annual FOW Derivatives Israel Conference

Dr. Zvi Gabbay served as a panelist for the annual FOW event. The panel discussed the essentials for entrepreneurs entering the fintech market.

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