A round of investment in Fintech produces the best lapel of...

Success in the fintech sector was credited to Meitav Dash Investment House and its CEO, Ilan Raviv – who is expected to present a capital gain equal to “representing annual profit” for him, in the amount of $ 20-25 million (NIS 68-84 million). This, thanks to the round Another raising in the fintech company Liquidity, made through an investment of $ 20 million by the American venture capital fund Spark and the MUFG fund of the Mitsubishi Group, at a company value of $ 100 million “after the money”.

Liquidity develops technology for continuous digital rating and underwriting of technology companies, for the purpose of possible acquisition of the revenue streams of these companies. Meitav Dash invested in Liquidity in March 2018, when CEO Raviv joined the deal with his own money, and he owns a few percent of it. So Meitav Dash bought 54% of Liquidity for only $ 540,000, and Raviv bought 6% for $ 60,000, while also committing Make additional investments in financing the company’s initial investments, therefore, this is a significant and very rapid flood of value.

On the eve of the current investment round, Meitav Dash controlled liquidity with a holding of 54.2% of its shares, and now it will be diluted so that it goes out of control to a holding of 44.6%. In fact, Meitav Dash and Reviv personally believe that Liquidity will continue to flood value, and have not sold any of their holdings in it as part of the current round of funding. The two foreign entities will now hold 20% of liquidity, while Meitav Dash further states that “Spark may increase its holdings in liquidity up to 20% in the coming year.”

Meitav Dash notes that “the investment funds are primarily intended to accelerate the development of Liquidity’s technology and to establish and develop Liquidity’s business, including the funds it manages, in other regions of the world, and in particular in Asia and the United States.”

The Meitav Dash investment house is currently traded at a market value of approximately NIS 875 million. Over the years, Meitav Dash has adopted a strategy of creating a variety of activities beyond traditional investment management. In this context, he established a non-bank credit system as well as an alternative investment management system.

The investment in Liquidity, which is managed by Ron Daniel, is part of these alternative investment activities, and alongside it, Meitav Dash also owns the consumer credit investment fund in the USA, Pagaya, the mortgage-backed loan fund for the purchase of real estate in the US, and the Emerald 3 fund. For real estate in Ireland.