TEL AVIV, March 11 (Reuters) – Viola FinTech, a new financial technology fund from Israel’s Viola investment group, expects to bring in new partners and increase the fund’s size to as much as $150 million in the next few months.
Half the money for the $100 million fund was provided by Canada’s Scotiabank, The Travelers Companies, BNP Paribas and another unnamed European bank.
Israel’s Bank Hapoalim, investment house Meitav Dash, Israel Discount Bank and Direct Insurance provided the rest.
The fund’s managers are in discussions with potential new strategic partners, who would bring new areas of expertise.
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