Next Generation Finance

Next Generation Finance Overview

Next Generation Finance (NGF) is a new investment arm within Migdal Insurance Investment Division, the largest insurance company in Israel. Next Generation Finance's key interest in equity investments are companies around stage C and above that operate in Fintech lending, Insurtech and payments sectors, as well as companies that create market disruption within the Fintech industry. Other than equity investments, Next Generation Finance can also provide debt and credit lines for companies involved in lending to consumer/SMB and real estate.

Latest News

Jan 13, 2021 · en.globes.co.il

growth-positive

Clal, Migdal investing $400m in Pagaya funds

Insurance companies Clal Insurance Enterprises Holdings Ltd. and Migdal Insurance and Financial Holdings Ltd. are expanding their investment in Israeli fintech company Pagaya. They will inject $400 million into the company. Pagaya manages investments in consumer credit in the US through an AI-based system. Pagayas international investment funds specialize in various sectors. The company plans to recruit 100 R&D workers in Israel. Pagaya co-founder Yahav Yulzari stated that the company passed the coronavirus year with flying colors and plans to launch new investment products and implement innovative investment principles.

InvestmentExpand

Jan 12, 2021 · www.prnewswire.com

growth-positive

Migdal's Newly Established Investment Arm - Next Generation Finance, Plans to Invest At Least 1-2 Billion $ in the Next Two Years in Fintech Companies, Startups and Funds

Migdal Insurance has announced the establishment of the Next Generation Finance specialty fintech investment arm, with plans to invest at least $1-2 billion in fintech companies, startups, and funds over the next two years. The company views fintech as a significant growth engine and aims to position itself as a leading financial investor globally. Migdal has also announced a $100 million investment in consumer loans in the United States through fintech company Pagaya, with an option for a future investment of $150 million. The establishment of the investment arm and the investment in consumer loans reflect Migdals strategy of shifting from traditional finance to innovative financial sectors. The company plans to focus on various fields of finance affected by the fintech industry.

InvestmentExpand

Jan 10, 2021 · www.themarker.com

growth-positive

מגדל מקימה קרן פינטק ענקית: תשקיע 1.5 מיליארד דולר מכספי העמיתים

A new fund called Next Generation Finance is being established, which will focus on investing in fintech companies and startups. The fund will be part of the investment arm of the company, with no external management. The first investment will be $100 million in consumer loans in the US, through a startup. The fund is expected to invest $1.5 billion in the fintech sector.

Investment

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4

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Ef'al Street 4, Petah Tikva, Israel

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