Company Overview
Snapshot
Founded in January 2013 by Jeff Balsam and David Balsam, Adesco operates with 1–10 employees. The company provides licensed currency exchange and international money transfer services. In 2024, David Balsam joined co-founder Jeff Balsam to lead the company into its next phase of fintech-driven growth.
Business overview
Adesco is a licensed Israeli currency exchange and international money transfer service operating within the Fintech & Insurtech sector. The company's core offering enables same-day cross-border transfers into and out of Israel, serving individuals, real estate buyers, businesses, and startups. Adesco manages funds in trust, facilitates payment distribution to multiple vendors, and assists clients with exchange rate risk management. It caters to customers in the United States, Europe, and Switzerland, supporting transfers to Israel for property purchases, investments, and business operations.
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- When was Adesco founded and by whom?
- Adesco was founded in January 2013 by Jeff Balsam and David Balsam.
- What is Adesco's primary business activity?
- Adesco operates as a licensed Israeli currency exchange and international money transfer service, facilitating cross-border transfers for various client types.
- Which markets does Adesco serve?
- Adesco serves customers from the United States, Europe, and Switzerland who are transferring funds to Israel.
- What is Adesco's primary sector?
- Adesco's primary sector is Fintech & Insurtech, specifically focusing on Money Transfer & Management, Trading & Investing, and Financial Operations Software.