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TechvisionJune 1 2017

LeumiTech CEO looks to make life easier for tech start-ups

Understanding the financial needs of tech companies that lose money but grow fast is LeumiTech’s signature business, its CEO explains to Joy Macknight. 
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Almost five years ago, Israel-based Bank Leumi set out to 'bank right' the early-stage technology sector, from start-up to scale-up. Central to CEO Rakefet Russak-Aminoach’s strategic growth plan, the bank launched LeumiTech, a tailor-made structured business for this market segment.

Tech start-ups face many challenges when trying to access financial services, according to Yifat Oron, CEO of LeumiTech. “They are most often serviced by local or domestic banks, which find it difficult to deal with companies that are small yet global,” she explains. “In addition, these start-ups usually have more question marks than exclamation marks in a bank’s evaluation.”

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Joy Macknight is the editor of The Banker. She joined the publication in 2015 as transaction banking and technology editor. Previously, she was features editor at Profit & Loss, editorial director at Treasury Today and editor at gtnews. She also worked as a staff writer on Banking Technology and IBM Computer Today, as well as a freelancer on Computer Weekly. She has a BSc from the University of Victoria, Canada.
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