Company Overview
Snapshot
Founded in June 2017 by Yuval Samet, Tamara Harel-Cohen, and Iftach Bar, RiseUp operates with 11–50 employees. The company has raised $30M across two funding rounds from six investors. In April 2022, RiseUp secured a Series C funding round with participation from Corner Ventures and Aleph.
Business overview
RiseUp is a Fintech & Insurtech company that provides a proactive financial service designed to empower customers to achieve financial well-being. The company offers tools, knowledge, and community support to help users change their mindset around money, improve cash flow, and feel financially powerful. RiseUp's core technology leverages platforms, interfaces, APIs, mobile solutions, and artificial intelligence, including machine learning, to serve consumers in the financial and real estate sectors, as well as professionals and the gig economy in Israel and Europe.
Strategic signal
In April 2024, RiseUp announced a reduction of half its workforce, citing "war damages." This significant operational restructuring indicates a challenging period for the company, likely impacting its immediate growth trajectory and strategic priorities. For investors, this signals a need to assess the company's resilience and adaptation strategies in response to external pressures.
Log in to access full profile ›Company Intelligence Q&A
- What is RiseUp's primary focus?
- RiseUp focuses on providing a proactive financial service to empower customers by offering tools, knowledge, and community support to improve financial well-being and cash flow.
- When was RiseUp founded and by whom?
- RiseUp was founded in June 2017 by co-founders Yuval Samet, Tamara Harel-Cohen, and Iftach Bar.
- What was a significant funding event for RiseUp?
- In April 2022, RiseUp raised $30 million in a Series C funding round. Corner Ventures was a lead investor in this round.
- What recent operational change did RiseUp implement?
- In April 2024, RiseUp reduced half of its workforce, attributing the decision to "war damages."
- Which markets does RiseUp target?
- RiseUp targets geomarkets in Israel and Europe, focusing on consumers in the personal finance management sector.