The Citi Innovation Lab Tel Aviv, a fintech development center opened by New York-based banking group Citibank seven years ago, helps promising startups get started in the market. Finance Magnates visited the offices of the accelerator and spoke to its head, Tsafrir Attar.

$550 million in investment

The roots of the center began eight years ago, according to Attar, when Vikram Pandit, former CEO of Citigroup, predicted that fintech was going to change the world. Around that time, several key figures in the corporation recognized that Israel was a key location for an Innovation Lab and an Accelerator.

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