Tel Aviv-based FinTech company Rewire, announced today that it has completed a $20 million series B funding round. The round was led by OurCrowd and included new key investors Renegade Partners, Glilot Capital Partners, and Jerry Yang, former Yahoo! CEO and director at Alibaba, through AME Cloud Ventures. They were joined by current investors including Viola Fintech, BNP Paribas through their venture capital fund Opera Tech Ventures, Moneta Capital, and private angel investors.
Furthermore to the funding round, Rewire also announced a collaboration with Israel’s Bank Hapoalim. The bank will provide the FinTech company with a $10 million line of credit to finance the company’s growth. Rewire is a FinTech company known for developing a mobile banking platform for international cash transfers tailored for the needs of expatriate workers.