Travelers Companies, Scotiabank and Bank Hapoalim are among the LPs for Viola FinTech, which has raised $100m of a $120m to $150m target.
Israel-based investment group Viola raised $100m yesterday from limited partners including insurance firm Travelers Companies and financial services firms Scotiabank and Bank Hapoalim for a dedicated financial technology fund.
The fund, dubbed Viola FinTech, will invest in startups around the world with a focus on those in Israel, the European Union and the Americas. Its goal is to accelerate the implementation and adaption of innovations by financial institutions.
Viola is an Israel-based technology orientated investment group founded in 2000 that…
