Covercy Closes $1.5 Million Seed Round, Led by Leverate Founder Doron Cohen
Posted: Sat Feb 13, 2016 12:25 pm
Within the record year of venture investments in the fintech sector in 2015, currency exchange payment transfer firms made up a large part of the deals that were closed. Leading the way were investments in TransferWise, CurrencyCloud, and Kantox. Continuing that momentum is news that Israeli currency exchange startup, Covercy, has closed a $1.5 million funding round in a deal led by SGVC.
The investment by SGVC is part of a new $50 million fund launched this year by the venture firm to target US and Israeli firms. For SGVC, the firm has previous exposure in the fintech sector having ... (read more)