Jifiti Overview
Jifiti is a financial technology company developing a proprietary point-of-sale consumer financing platform. The end-to-end solution works seamlessly with any existing point-of-sale or eCommerce system, eliminating the integration process between lenders and the merchant's systems. Jifiti operates in North America and Europe, with offices in the United States and Tel Aviv, Israel, supporting global retail brands and financial institutions.
Cumulative Funding Raised Over Time ($)
$22.5MAug 2021
$26.0MNov 2013
$29.3MOct 2015
Latest News
growth-positive
IKEA invests $22.5m in Israeli retail financing co Jifiti
Ingka Investments, the owner of IKEA stores, has invested $22.5 million in Jifiti, an Israeli fintech company. The investment gives Ingka Investments a minority equity stake in Jifiti, which facilitates white-labeled point-of-sale financing solutions. The investment recognizes the value that Jifiti brings to the industry and will contribute to IKEA Financial Services. Ingka Group and Jifiti have been collaborating for years, with Jifiti facilitating IKEA Retails and consumer financing services. The goal is to expand Jifitis platform to facilitate in-store and e-commerce point-of-sale financing for IKEA customers worldwide. The investment is expected to fuel Jifitis technological and international growth and have a positive impact on the buy now, pay later (BNPL) industry.
Investment
i2c Inc. and Jifiti Simplify Consumer Financing for Major Retailer in France
Mastercard Delves Deep Into POS Financing With Fintech Jifiti
growth-positive
Jifiti joins Mastercard BNPL ecosystem
Jifiti has announced the expansion of its partnership with Mastercard to scale its point of sale installments offering. This will provide more options for consumers at checkout. The partnership aims to bridge the gap between merchants, consumers, and lenders by offering a minimal-integration platform. Jifitis technology supports the growth of point-of-sale financing, which is growing 20% a year in the U.S. and is predicted to grow to $2.52 trillion globally in 2022. Retailers can capitalize on this consumer demand by offering financing programs through Jifitis platform, which is fully integrated using Mastercard’s API technology.
PartnersExpand
growth-positive
Israel's Jifiti signs strategic partnership agreement with Mastercard
Israeli fintech startup Jifiti Inc. has expanded its partnership with Mastercard to enable point-of-sale financing. Jifitis technology allows banks and retailers to offer immediate credit using Mastercard, providing a white label solution for banks to compete with point-of-sale loan providers. The company has already implemented its technology in U.S. and European banks and has raised $7.1 million in financing rounds. Point-of-sale financing is predicted to grow globally to $2.52 trillion in 2022. Jifitis platform is fully integrated with Mastercards API technology, making it easy for lenders and retailers to offer loan products at the point of sale.
PartnersCustomersInvestment
| Sector | Fintech & Insurtech |
Funding
| Total funding | $29.3M |
| Last funding | $22.5M |
| Stage | B |
| Rounds | 3 |
| Investors | 7 |
Team Members
5
Employees: 51-200
Web & Social Links
| Website | www.jifiti.com/ |
| Careers | Careers page |
Locations
HaOreg St 8, Modi'in-Maccabim-Re'ut, Israel
401 West Town Street, Columbus, OH 43215, United States
Photos & Videos
No files yet
Jifiti Business
Business models
B2B2C, B2B
Product stage
Released
Employees
51-200
Sector
Fintech & InsurtechMoney Transfer & ManagementLending & FinancingTarget Customer
Financial ServicesFinancial InstitutionsFinancial ProductsCreditCommerce & RetailDistribution ChannelseCommerce PlatformsOmni ChannelConsumer GoodsCore Technology
Platforms & InterfacesSoftwareAPITags (6)
ecommercepublishersretailerssmbpoint-of-salelending-and-financingGeographic Markets
United StatesCanadaEuropeJifiti Financials
$29.3M
Total funding
Undisclosed
Capital raised
$22.5M
Last funding
B
Funding stage
3
Total rounds
7
Investors
Cumulative Funding Raised Over Time ($)
$22.5MAug 2021
$26.0MNov 2013
$29.3MOct 2015
Private Equity Funding
B Round
Aug 2021
$22.5M
Ingka Investments (Lead)
A Round
Oct 2015
$3.3M
Jesselson Capital, Simon Property Group, Schottenstein Stores, Liberty Israel Venture Fund, Stephen Milstein
Seed
Nov 2013
$3.5M
Simon Property Group, Jesselson Capital, Schottenstein Stores, Simon Venture Group
Jifiti Lifecycle
Cumulative Funding Raised Over Time
$22.5MAug 2021
$26.0MNov 2013
$29.3MOct 2015
All Events
B Round
Aug 2021
$22.5M
Ingka Investments (Lead)
A Round
Oct 2015
$3.3M
Jesselson Capital, Simon Property Group, Schottenstein Stores, Liberty Israel Venture Fund, Stephen Milstein
Seed
Nov 2013
$3.5M
Simon Property Group, Jesselson Capital, Schottenstein Stores, Simon Venture Group
Jifiti News
10 articles
growth-positive
IKEA invests $22.5m in Israeli retail financing co Jifiti
Ingka Investments, the owner of IKEA stores, has invested $22.5 million in Jifiti, an Israeli fintech company. The investment gives Ingka Investments a minority equity stake in Jifiti, which facilitates white-labeled point-of-sale financing solutions. The investment recognizes the value that Jifiti brings to the industry and will contribute to IKEA Financial Services. Ingka Group and Jifiti have been collaborating for years, with Jifiti facilitating IKEA Retails and consumer financing services. The goal is to expand Jifitis platform to facilitate in-store and e-commerce point-of-sale financing for IKEA customers worldwide. The investment is expected to fuel Jifitis technological and international growth and have a positive impact on the buy now, pay later (BNPL) industry.
Investment
i2c Inc. and Jifiti Simplify Consumer Financing for Major Retailer in France
Mastercard Delves Deep Into POS Financing With Fintech Jifiti
growth-positive
Jifiti joins Mastercard BNPL ecosystem
Jifiti has announced the expansion of its partnership with Mastercard to scale its point of sale installments offering. This will provide more options for consumers at checkout. The partnership aims to bridge the gap between merchants, consumers, and lenders by offering a minimal-integration platform. Jifitis technology supports the growth of point-of-sale financing, which is growing 20% a year in the U.S. and is predicted to grow to $2.52 trillion globally in 2022. Retailers can capitalize on this consumer demand by offering financing programs through Jifitis platform, which is fully integrated using Mastercard’s API technology.
PartnersExpand
growth-positive
Israel's Jifiti signs strategic partnership agreement with Mastercard
Israeli fintech startup Jifiti Inc. has expanded its partnership with Mastercard to enable point-of-sale financing. Jifitis technology allows banks and retailers to offer immediate credit using Mastercard, providing a white label solution for banks to compete with point-of-sale loan providers. The company has already implemented its technology in U.S. and European banks and has raised $7.1 million in financing rounds. Point-of-sale financing is predicted to grow globally to $2.52 trillion in 2022. Jifitis platform is fully integrated with Mastercards API technology, making it easy for lenders and retailers to offer loan products at the point of sale.
PartnersCustomersInvestment
growth-positive
Jifiti to collaborate with Mastercard
Mastercard has entered into a cooperative agreement with Israeli startup Jifiti to market Jifitis consumer financing solution. Jifitis technology allows stores to offer customers the option to buy products on time payments without going through the stores cash registers management system. The agreement will make Jifiti a key link in any consumer financing deal by Mastercard in its physical and ecommerce business. Jifiti works with retailers such as IKEA and Nebraska Furniture Mart. The system also enables couples to buy remaining gifts on their wedding registry on installments. Mastercard will market Jifitis solution to all its retail store partners and treat Jifiti as a preferred partner. Mastercard is likely to invest in Jifitis upcoming financing round. The agreement will be implemented for the first time in IKEA stores in the US.
PartnersInvestment
growth-positive
Jifiti Makes Greeting Cards Even More Thoughtful
American Greetings has launched its proprietary gift market solution on Americangreetings.com in partnership with Jifiti. Users can now select a gift from leading retailers and attach it to a digital greeting card. The recipient can modify the gift before it is shipped. Jifitis gift market allows users to browse through top-selling gifts and filter them by retailer, gender, age, and budget. The purchase takes place within the greeting card flow without leaving the site. This partnership aims to create a more personalized and meaningful digital experience for American Greetings members.
Customers
growth-positive
Jifiti's new Messenger chatbot API will find you a gift even when you're out of ideas
Jifiti, a startup specializing in digital gift-giving, announced that their new chatbot API was approved by Facebook Messenger. This approval opens up opportunities for Jifiti to integrate their gift-giving process with Facebook Messenger chatbots. Jifitis core technology optimizes gift-giving by eliminating barriers such as correct sizing and shipping information. They have partnerships with companies like IKEA and Evite, and their new API could give them access to more brands in Facebooks ecosystem. Jifiti closed a Series A funding round of $3.3 million led by Liberty Media.
PartnersInvestment
growth-positive
Jifiti Raises $2.5 Million For Gifting App Which Combines Thoughtful Shopping With The Convenience Of A Gift Card
Jifiti, a startup focused on thoughtful gifting, has raised $2.5 million in seed funding. The investment comes from Simon Property Group, Schottenstein Stores Corp., and the Jesselson Group. Jifitis mobile app allows users to browse through brick-and-mortar retailers inventory and purchase gifts through the app. The gift is then sent to the recipient through an in-app notification or email, and the recipient can redeem the gift in-store or online. Jifiti recently completed a successful test of its product in three Simon-owned malls and will be featured in over 100 more Simon malls by the holiday season. The company currently works with around 25 retailers and has plans for further expansion and product initiatives.
InvestmentPartners
Digital gifting-service co Jifiti partners with Evite
Jifiti Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 100 |
| Team members | 5 |
Similar Companies
Similar companies data is computed dynamically and not stored in the entity profile. This section requires implementing a similarity query (e.g. by classification overlap, sector, district).
This entity has 17 classification IDs that could be used for matching.
Jifiti Internal
Recent Updates
No update log entries.
Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.
Admin Info
| Confidence | 100/100 |
| Missing | video or image, markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 514684109 |
| Crunchbase | jifiti-com |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | genys30@yahoo.com |
| Last update | 2022-07-17T00:00:00.000Z |
| Created | 2014-10-23T00:00:00.000Z |
| Claimed | Yes |