Neema Overview
Neema provides a multi-currency account and international Visa card accessible through a high-availability API for real-time cross-border payments. Designed for users from a variety of banking backgrounds, the company’s digital accounts do not rely on outdated metrics such as credit scores. Neema’s products enable clients to save, send money internationally, and even use an international Visa card. For businesses, Neema’s Global Payments Network connects with financial institutions in over 100 countries and enables real-time or same-day payments using various methods and currencies.
Cumulative Funding Raised Over Time ($)
$1.0MDec 2018
$19.0MDec 2021
$19.1MMar 2017
$20.6MMay 2020
Latest News
growth-positive
/PRNewswire/ -- Neema, a pioneering global cross-border payments network catering to financial institutions, launched today Dynamic Routing®, an innovative...
Neema, a global cross-border payments network, has launched Dynamic Routing®, a technology aimed at enhancing transaction success rates and cost efficiency. This innovation allows financial institutions to process transactions in over 120 countries, offering a localized payment experience. Dynamic Routing optimizes transactions by analyzing factors like exchange rates and speed to determine the best route, moving away from traditional SWIFT network methods. Neemas AI-driven security infrastructure enhances transaction visibility and addresses potential vulnerabilities. CEO Moshe Kimhi emphasizes that this advancement will help businesses operate more efficiently in the global economy. Neema will showcase its offerings at Money 20/20 in Amsterdam.
Product StagePartners
growth-positive
מנכ"ל חברת הפינטק Neema: "אנחנו מביאים חדשנות וגמישות" | כלכליסט
Neema, a fintech company led by CEO Moshe Kimchi, was founded to simplify and make financial services more accessible, particularly for foreign workers and migrants. The company developed an app that facilitates opening digital accounts, transferring money abroad quickly and cheaply, and offers a Mastercard for global access. Neema aims to bridge the gap between traditional banking and modern fintech by providing innovative and flexible solutions. The company has helped hundreds of thousands of people send money home easily. Neemas approach reflects a broader trend where banks are investing in fintech to enhance customer service, while fintechs seek banking licenses. This synergy creates value for end customers, combining fintech innovation with banking reliability.
growth-positive
הקצאת קוד זיהוי לספק שירותי תשלום חוץ בנקאי | בנק ישראל - הבנק המרכזי של ישראל
נימה הפינטק הישראלי מקבל קוד בנק 21
The article discusses the allocation of a unique identification code to the fintech company נימה שפע ישראל בע"מ by the Bank of Israel. This code allows the company to connect to Israels payment systems, promoting competition and reducing dependency on traditional banks. The initiative aligns with the Bank of Israels efforts to open access to non-bank entities and enhance the payment markets competitiveness. The identification code enables fintech companies to be uniquely recognized by other participants in the payment systems and allows them to assign payment account numbers to their customers. This step is seen as crucial for advancing the payment systems in Israel, contributing to financial stability, and offering innovative payment solutions.
Customers
growth-positive
הפינטק הישראלי בצעד ענק: המהלך שיסייע כלכלית לעובדים הזרים
Israeli fintech company Neema has partnered with human resources company Dynamic Staffing Services to provide financial services to tens of thousands of foreign workers entering Israel. The services include an international digital account that allows workers to send money to their families in their home countries without needing an Israeli bank account, receive salaries, deposit money, and make payments in Israel and around the world. The partnership is part of the governments decision to bring in tens of thousands of foreign workers.
PartnersExpand
growth-positive
חברת הפינטק הישראלית, Neema, תתרחב לקהל הישראלי עם אפליקציה להעברת כספים בינלאומית באופן דיגיטלי בתוך דקות ספורות | New-Tech OnLine
Israeli fintech company Neema has launched its international money transfer service for Israelis. The service allows users to convert and transfer money in small and large amounts between countries for personal and business needs. Transfers can be completed within minutes, with fees up to 80% lower than market rates. Neema, a subsidiary of Direct Insurance Group, started by offering digital banking services to foreign workers in Israel. It now serves tens of thousands of customers worldwide, including major banks and financial institutions. The new service marks Neemas entry into the Israeli market, providing low-cost, real-time international money transfers.
Customers
| Sector | Fintech & Insurtech |
Funding
| Total funding | $20.62M |
| Last funding | $18M |
| Stage | A |
| Rounds | 4 |
| Investors | 4 |
Team Members
4
Employees: 51-200
Web & Social Links
| Website | getneema.com |
| Careers | Careers page |
| Google Play | Google Play |
Locations
HaShlosha 2d, Tel Aviv-Yafo, Israel
Photos & Videos
6 item(s)
Neema Business
Business models
B2G, B2C, B2B2C, B2B
Product stage
Released
Employees
51-200
Sector
Fintech & InsurtechMoney Transfer & ManagementTarget Customer
Financial ServicesFinancial InstitutionsBanksCore Technology
Platforms & InterfacesMobileTags (16)
enterprisestransactionsp2pmobile-applicationsremittancesfintechunbankedpersonal-financepaymentsmobile-paymentsmicrofinanceapisoftware-applicationsbanksdigital-walletfinancial-institutionsGeographic Markets
IsraelEuropeAsiaGlobalNeema Financials
$20.62M
Total funding
Undisclosed
Capital raised
$18M
Last funding
A
Funding stage
4
Total rounds
4
Investors
Cumulative Funding Raised Over Time ($)
$1.0MDec 2018
$19.0MDec 2021
$19.1MMar 2017
$20.6MMay 2020
Private Equity Funding
A Round
Dec 2021
$18M
Poalim Equity (Lead)
,
Direct Insurance Financial Investments
Undisclosed Round
May 2020
$1.5M
Discount Capital (Lead)
Undisclosed Round
Dec 2018
$1M
Direct Insurance Financial Investments
Seed
Mar 2017
$120K
Y Combinator
Neema Lifecycle
Cumulative Funding Raised Over Time
$1.0MDec 2018
$19.0MDec 2021
$19.1MMar 2017
$20.6MMay 2020
All Events
A Round
Dec 2021
$18M
Poalim Equity (Lead)
,
Direct Insurance Financial Investments
Undisclosed Round
May 2020
$1.5M
Discount Capital (Lead)
Undisclosed Round
Dec 2018
$1M
Direct Insurance Financial Investments
Seed
Mar 2017
$120K
Y Combinator
Neema News
18 articles
growth-positive
/PRNewswire/ -- Neema, a pioneering global cross-border payments network catering to financial institutions, launched today Dynamic Routing®, an innovative...
Neema, a global cross-border payments network, has launched Dynamic Routing®, a technology aimed at enhancing transaction success rates and cost efficiency. This innovation allows financial institutions to process transactions in over 120 countries, offering a localized payment experience. Dynamic Routing optimizes transactions by analyzing factors like exchange rates and speed to determine the best route, moving away from traditional SWIFT network methods. Neemas AI-driven security infrastructure enhances transaction visibility and addresses potential vulnerabilities. CEO Moshe Kimhi emphasizes that this advancement will help businesses operate more efficiently in the global economy. Neema will showcase its offerings at Money 20/20 in Amsterdam.
Product StagePartners
growth-positive
מנכ"ל חברת הפינטק Neema: "אנחנו מביאים חדשנות וגמישות" | כלכליסט
Neema, a fintech company led by CEO Moshe Kimchi, was founded to simplify and make financial services more accessible, particularly for foreign workers and migrants. The company developed an app that facilitates opening digital accounts, transferring money abroad quickly and cheaply, and offers a Mastercard for global access. Neema aims to bridge the gap between traditional banking and modern fintech by providing innovative and flexible solutions. The company has helped hundreds of thousands of people send money home easily. Neemas approach reflects a broader trend where banks are investing in fintech to enhance customer service, while fintechs seek banking licenses. This synergy creates value for end customers, combining fintech innovation with banking reliability.
growth-positive
הקצאת קוד זיהוי לספק שירותי תשלום חוץ בנקאי | בנק ישראל - הבנק המרכזי של ישראל
נימה הפינטק הישראלי מקבל קוד בנק 21
The article discusses the allocation of a unique identification code to the fintech company נימה שפע ישראל בע"מ by the Bank of Israel. This code allows the company to connect to Israels payment systems, promoting competition and reducing dependency on traditional banks. The initiative aligns with the Bank of Israels efforts to open access to non-bank entities and enhance the payment markets competitiveness. The identification code enables fintech companies to be uniquely recognized by other participants in the payment systems and allows them to assign payment account numbers to their customers. This step is seen as crucial for advancing the payment systems in Israel, contributing to financial stability, and offering innovative payment solutions.
Customers
growth-positive
הפינטק הישראלי בצעד ענק: המהלך שיסייע כלכלית לעובדים הזרים
Israeli fintech company Neema has partnered with human resources company Dynamic Staffing Services to provide financial services to tens of thousands of foreign workers entering Israel. The services include an international digital account that allows workers to send money to their families in their home countries without needing an Israeli bank account, receive salaries, deposit money, and make payments in Israel and around the world. The partnership is part of the governments decision to bring in tens of thousands of foreign workers.
PartnersExpand
growth-positive
חברת הפינטק הישראלית, Neema, תתרחב לקהל הישראלי עם אפליקציה להעברת כספים בינלאומית באופן דיגיטלי בתוך דקות ספורות | New-Tech OnLine
Israeli fintech company Neema has launched its international money transfer service for Israelis. The service allows users to convert and transfer money in small and large amounts between countries for personal and business needs. Transfers can be completed within minutes, with fees up to 80% lower than market rates. Neema, a subsidiary of Direct Insurance Group, started by offering digital banking services to foreign workers in Israel. It now serves tens of thousands of customers worldwide, including major banks and financial institutions. The new service marks Neemas entry into the Israeli market, providing low-cost, real-time international money transfers.
Customers
growth-positive
הבנק בכיס שלך
Israeli company Neema has launched Kesh, a digital account that allows users to operate independently of a bank. The account can be topped up with cash at various businesses across the country and offers a free international Visa card. The card is not linked to a bank account or credit rating, making it a perfect solution for people without a credit framework or credit card, or those with account limitations. The card can also be used to control spending, with users able to set a monthly budget. The account also recently launched a benefits club, offering up to 4% cashback on purchases.
Customers
growth-positive
"אנחנו מנגישים שירותים פיננסיים מתקדמים לכולם - ובכל מקום" | כלכליסט 360
Israeli startup Neema, which provides digital account services and money transfers, has been highlighted for its low fees in a comparison of banks. The company, which started in 2016 to meet the financial needs of foreign workers, has since realized that the Israeli population can also benefit from its services. Neema charges only 10 shekels for a money transfer, significantly lower than traditional banks. The company has already transferred billions of shekels between countries and sees demand for its service continuing to rise.
CustomersExpand
growth-positive
נימה גייסה 55 מ' ש' לפי שווי של 200 מיליון
Fintech company Neema has completed a funding round of approximately 55 million shekels ($16.8 million), led by Bank Hapoalim. Following the round, Bank Hapoalim will hold approximately 20% of the companys shares. Neema offers a digital account service for foreign workers in Israel, allowing them to manage their finances without the need for a bank account. The company aims to expand its operations and customer base, with over a million transactions expected to be conducted annually, amounting to a billion shekels in volume.
Investment
growth-positive
הפועלים ישקיע 10 מיליון דולר בארנק הדיגיטלי של נימה כלכליסט
Bank Hapoalim is in advanced talks to make a strategic investment in Israeli fintech company Neema. The bank is expected to invest $10 million in Neema, valuing the company at $40-50 million. Neema has developed a digital wallet that provides money transfer services and other financial services, primarily for populations that do not receive a response from the financial system, including foreign workers. Neema has a partnership with Bit, the banks payment application, which has been in place for about a year. The partnership allows integration between the two applications, enabling money transfers for foreign workers who struggle to open a local bank account.
InvestmentPartners
growth-positive
הפינטק שנותן הצצה למהפכה בבנקאות צמח בתחנה המרכזית ת"א
נימה, a fintech company established in 2015, offers banking services primarily to foreign workers in Israel. The company provides a range of services, including account opening, money deposits, and international money transfers, through its mobile application. The company was acquired by ביטוח ישיר in 2019 and currently operates in 50 countries, performing over a million transactions annually, with an annual volume of one billion shekels. The company is planning to expand its services to Israeli citizens who are not served by the traditional banking system.
CustomersAcquisition
growth-positive
כך עובד הארנק הדיגיטלי של העובדים הזרים בישראל
The article discusses the financial challenges faced by foreign workers in Israel and how a digital wallet developed by Nima, a company that caters to foreign workers, provides a solution. The digital wallet allows foreign workers to receive their salaries in shekels and transfer them to other places in the world and in different currencies. The COVID-19 pandemic has further highlighted the need for such a solution due to movement restrictions. The article features an interview with Moshe Kamchi, the CEO of Nima, who discusses the benefits and future developments of the digital wallet for foreign workers.
Customers
growth-positive
מתרחבת לשווקים נוספים: הארנק הדיגיטלי של נימה יאפשר העברת כספים גם למזרח אירופה
Neema, a digital wallet provider and financial services company, is expanding its operations to Eastern Europe, including Russia, Georgia, Ukraine, and other countries. The company aims to provide a fast, secure, and low-cost digital solution for individuals in these regions who are looking for efficient financial services. Neemas digital wallet app serves primarily foreign workers in Israel who have difficulty opening local bank accounts. The app allows users to deposit money, perform financial transactions, transfer money abroad at low rates, and add payment methods. The expansion to Eastern Europe is seen as a significant milestone for Neema, as it opens up a large and meaningful population segment in Israel to convenient and affordable payment options.
Customers
growth-positive
bit ונימה משיקות: שת"פ שיאפשר תשלום לעובדים זרים - וואלה! כסף
Bit, the payment app of Bank Hapoalim, has partnered with Neema, the digital wallet service operated by Direct Insurance and Discount Bank. The integration between the two apps allows Bit users to transfer money to foreign workers who use Neemas digital wallet service. This partnership provides basic financial services to vulnerable populations, especially during times of crisis such as the COVID-19 pandemic. Bit continues to innovate and expand its services, partnering with companies in various sectors. The collaboration with Neema marks Bits entry into the fintech payment field and enhances its value proposition. This integration enables secure and convenient payments between Bit users and Neemas digital wallet customers, including foreign workers who cannot open a local bank account.
Partners
"אצלנו העובדים הזרים מרגישים כמו לקוחות"
growth-positive
Discount Capital invests in digital wallet app co Neema
Zur Shamir Holdings has announced that it will allocate 15.5% of the shares in Neema Shefa Israel Ltd. to Discount Capital, the investment arm of Israel Discount Bank. Discount Capital is investing NIS 5.25 million in Neema at a company valuation of NIS 28.5 million. Neema is currently wholly owned by Direct Insurance - Financial Investments Ltd., in which Zur Shamir has a 93% stake. Neema contributed NIS 2.2 million revenue to Direct Insurance in 2019. The acquisition of Neema by Direct Insurance was completed in September 2019.
PartnersInvestment
growth-positive
השניידמנים מצרפים את דיסקונט קפיטל כשותף בחברת הארנק הדיגיטלי נימה
דיסקונט קפיטל, the real estate investment arm of Discount Bank, has acquired a 15.5% stake in Israeli start-up Neema for a total investment of 5.25 million shekels. Neema specializes in providing global financial services, focusing on digital wallets and money transfers for under-served populations. The financial services offered by Neema serve as an alternative to traditional bank accounts, allowing users to make payments and transfer money in Israel and worldwide. The investment by Discount Capital is seen as a strategic opportunity to expand the financial services of the Discount Group, generate synergy with other financial services offered by the group, and connect with the customer base of Tzur Shamir Group.
Partners
growth-positive
מעבירה הילוך: ההזדמנות של פייסבוק לנגוס בשוק של 690 מיליארד דולר בשנה
Facebook and other companies are looking to develop more efficient solutions for workforce remittances, as existing financial institutions charge high fees for the service. This could have a positive impact on Facebooks growth. The article discusses the case of a Filipino worker in Israel who sends money back home to support her familys education expenses. The article also mentions the weak job market and declining wages in the high-tech industry.
Customers
growth-positive
http://www.jpost.com/Business-and-Innovation/Tech/A-financial-solution-for-foreign-workers-Start-up-offers-remittance-debit-card-456113
Israeli financial technology start-up Neema has introduced debit card services for foreign workers and their families to send money back home. The companys app allows users to load money and send it around the world for a 1% fee, significantly lower than traditional fees. Neema also offers the option to load money onto a debit card for personal use or for family members to use back home. The company cooperates with existing banks, including Bank Leumi in Israel and an unnamed US bank, to provide the link to MasterCard. Neema plans to expand its operations outside Israel to either Europe or the US.
CustomersPartnersInvestmentExpand
Neema Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 115 |
| Team members | 4 |
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Neema Internal
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Admin Info
| Confidence | 101/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515228617 |
| Crunchbase | neema |
| Phone | +97235174404 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2024-12-08T00:00:00.000Z |
| Created | 2014-09-04T00:00:00.000Z |
| Claimed | Yes |