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Finnovate Acquisition
A $175.95MM Special Purpose Acquisition Company

The first Israel Fintech focused SPAC
Finnovate Acquisition

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.

Investment Highlights Finnovate

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

Management Team Finnovate

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.

David Gershon

Chairman of the Board and CEO

Ron Golan

Director and CFO

Yoni Ophir

Chief Investment Officer

Uri Chaitchik

Senior Consultant

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:

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The White House, 20 Genesis Close, George Town, Grand Cayman KY1 1208, Cayman Islands

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