Mesh Security

growth-positive

The Israel Securities Authority has granted payment licenses to four international fintech companies, including Revolut, Rapyd, Mesh Payments, and Airwallex, to operate in Israel. This move is expected to significantly expand their operations and introduce competition to services traditionally offered by local banks. Revolut, a British fintech giant, has hired Uri Nathan to lead its Israeli operations. The new licenses allow these companies to offer services such as fund transfers, digital wallets, and interest on deposits, despite initial opposition from the Bank of Israel. The licenses aim to lower costs for Israeli consumers and facilitate easier money transfers abroad.

growth-positive

Israeli cloud cybersecurity startup Mesh Security has emerged from stealth mode and announced a $4.5 million seed round. The company offers a Zero Trust Posture Management (ZTPM) solution that simplifies the implementation of a comprehensive Zero Trust Architecture (ZTA) security in the cloud. Mesh Security also identified security risks in identity platform Okta and over 100 other vendors, exposing potential vulnerabilities in MFA and data protection. The company aims to address the gaps in applying and monitoring Zero Trust principles across multi-vendor stacks and cloud environments. Mesh Securitys platform provides contextual visibility, analysis, and automated processes to enhance security and compliance. The seed round was led by Booster Ventures.