We are a newly formed blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities.
Finnovate is the first Israel Fintech focused SPAC
Local presence, cultural advantage and deal-flow
More than 500 Fintech focused growth companies israel
Broad target size with a total enterprise value of $600m to > $1.2 billion -> identify the next Unicorns
Intimate relationships with Fintech companies
Finnovate team comprised of complementary expertise
Team offers unique executive value-add to Target Company
Fintech is experiencing a “gold rush stage,” with the sector boosted by the COVID outbreak as more consumers use all-digital platforms
Fintech is the largest sector in the Israeli hi-tech, ahead of Cyber
In 2020 Israel was ranked 5th for global Fintech investments following the U.S, China, India, and the UK
Israel is home to more than 500 start-ups dedicated to Fintech
Gershon Fintech Center provides unique access to up-and-coming fintech companies
Strong links to VC, PE, and Institutional Investors, in Israel and Internationally
Our management team and other affiliates of our sponsor have operated and invested in leading Israeli, global technology companies across their corporate life cycles and have developed deep relationships with organizations and investors operating within our focus area of technology-based opportunities in Israel. We believe that these relationships and our management team’s experience present a significant opportunity to help identify attractive Israel related technology-based businesses that can benefit from access to the public markets and execute complex business combination transactions, thereby enhancing shareholder value.
Our board of directors is comprised of individuals with deep experience in and knowledge of the Israeli technology industry. Biographical information with respect to the members of the board (besides Professor Gershon, and Mr. Golan whose biographical information appears above) is provided below: