Supporting The Floor – a new hub for Israeli fintechs

Israel has captured a lot of our attention at the start of 2016. That doesn’t look like slowing up.

Today, we can share that our parent, Banco Santander is joining with HSBC, Intesa Sanpaolo and RBS, to support a new Israeli fintech hub: The Floor.

Collaboration is one our guiding principles, so we are very pleased to be working alongside other global banks to give local start ups a great preparation before taking their businesses to fintech markets around the world.

One of the most interesting aspects of this new initiative is the backing of Chinese investment fund, Pando Group. While the focus of our own attention is in Europe, the USA, Latin America and Israel, clearly a strong Asian connection should benefit the fintechs that graduate from The Floor.

The new hub has been put together by Avi Cohen, Gil Devora and Moises Cohen, who are also behind FinTech Next.

You can find out more about The Floor here. They plan to open their doors in June.