SparkIL

Company Overview

Snapshot

Founded in January 2018 by Doug Bitonti, SparkIL operates with 1–10 employees. The company is currently in a Pre-Funding stage, focusing on its peer-to-peer lending platform. In March 2022, Na'ama Ore was appointed as CEO, signaling a key leadership development for the organization.

Business overview

SparkIL is a Fintech & Insurtech company that operates a peer-to-peer lending platform, enabling individuals globally to provide zero-interest loans to Israeli businesses. The platform facilitates direct digital engagement, allowing lenders to select businesses based on personal values and reinvest or withdraw funds upon repayment. SparkIL aims to foster economic growth and social empowerment in Israel, serving consumers, particularly private investors, within the Trading & Investing sector.

Strategic signal

In June 2022, SparkIL launched a new platform designed to directly connect microfunders with Israeli small businesses. This initiative highlights the company's strategic focus on expanding its reach and impact within the microfunding landscape, demonstrating a commitment to fostering economic connections and community building.

Company Intelligence Q&A

What is SparkIL's core mission?

SparkIL's core mission is to spark economic growth and social empowerment in Israel by connecting lenders from around the world with Israeli small businesses through a direct digital engagement platform.

When was SparkIL founded?

SparkIL was founded in January 2018.

Who was appointed CEO of SparkIL?

Na'ama Ore was appointed CEO of SparkIL in March 2022.

What kind of lending does SparkIL facilitate?

SparkIL facilitates zero-interest, peer-to-peer loans from individuals to small businesses in Israel, with lenders able to contribute as little as $25.

What was a significant development for SparkIL in 2022?

In June 2022, SparkIL launched a new platform designed to connect microfunders directly with Israeli small businesses, aiming to enhance economic opportunities and community building.