Last updated 2026-07-26
- Acquired by Shift4 for $575M, Oct 2023
- Raised $40M Series C led by Columbus Nova Technology Partners, Oct 2014
- Raised $55M Series B led by FTV Capital, Apr 2013
Total raised
$132.6M
Last: Undisclosed Round 2018-03
Stage
Acquired
Founded
2007
Headcount
350
HQ
Herzliya, Israel
Sector
Fintech & Insurtech
About
Finaro (formerly Credorax) was an Israel-based online merchant acquiring bank and payment service provider (PSP). The company focused on clearing and provided cross-border processing for eCommerce and omni-channel payments. Its services included accepting various cards and local payment methods, rate optimization, anti-fraud protection, and business intelligence. Finaro operated in the European Union, United States, and China.
Funding history · 6 rounds · $132.6M total
6 events/rounds · $132.6M Total Funding: $130.6M in Private Equity, $2.0M in Debt
Mar 2018
★ IL Pacific★ Ion Pacific
Apr 2016
Convertible Debt
$2.0M
unknown
Apr 2016
C Round Extension
$17.0M
unknown
★ ATW Partners
Oct 2014
C Round
$40.0M
techcrunch.com
★ Columbus Nova Technology PartnersBlumberg Capital
Apr 2013
B Round
$55.0M
unknown
Sep 2011
Headcount over time
350 employees (2026-09) · 1 point
Offices
Herzliya, Israel · HQ / main office
Show all offices (3 more)
- Hong Kong
- Valletta, Malta
- Amsterdam, Netherlands
Q&A
- What is Finaro's current status?
- Finaro was acquired by Shift4 in March 2022 and is currently inactive.
- When was Finaro acquired and for what amount?
- Finaro was acquired by Shift4 in October 2023 for $575,000,000.
- What was Finaro's previous name?
- Finaro was formerly known as Credorax.
- What is Finaro's primary business activity?
- Finaro was an Israel-based online merchant acquiring bank and payment service provider (PSP) focused on cross-border processing for eCommerce and omni-channel payments.
- What was the total amount of funding Finaro raised?
- Finaro raised a total of $172,613,679 across various funding rounds.
- When did Finaro rebrand from Credorax?
- Finaro rebranded from Credorax in December 2021.
- Which companies did Finaro partner with to improve in-store payment acceptance?
- In November 2022, Finaro partnered with EveryPay to improve in-store payment acceptance.
- Which companies did Finaro partner with to offer PSP services in the Nordics?
- In December 2022, Finaro partnered with Ginger Payments to offer PSP services in the Nordics.
Team · 8
Igal Rotem
Founder · CEO
Benny Nachman
Founder · Founder (No longer with the company)
Moshe Selfin
CTO & COO
Achiya Fried
Chief Commercial Officer
Sharon Ekstein
CHRO & Chief Business Operation Officer
Ilya Dubinsky
VP CTO Office
Sveta Bulshtein
VP of Sales & Business Development
Marisa Rijpkema
Head of Marketing
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechMoney Transfer & Management
Technologies
Platforms & InterfacesAPI
Target customers
Commerce & RetailDistribution ChannelsOmni ChanneleCommerce PlatformsFinancial Services
Business model
B2B
Highlights
1 PatentsVerified
Tags
online-retailerspaymentsfintechtransactionsbanksonline-shoppingenterprise-solutionsecommercefinancial-servicesomni-channel
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | shift4.com |
|---|---|
| linkedin.com/company/77051845 | |
| facebook.com/Finaroofficial | |
| YouTube | youtube.com/channel/UC0DbFnPk_8gwTCj2mN4Qvmw |
| instagram.com/finaro_official |
Identifiers & details
| Legal name | Credorax, Inc. |
|---|---|
| Former names | Credorax |
| Founded | 2007 |
| Employees (exact) | 350 |
| Offices | Hong Kong; Valletta; Amsterdam |
| Status reason | Acquired (Inactive) by Shift4 on Mar 2022 - closed due to acquisition |
Acquisitions & public offerings
Acquired by Shift4 2023-10 $575.0M
Radar intelligence
Web history (Wayback)
| Domain | shift4.com |
|---|
Israeli Companies Registrar (רשם החברות / ICA)
| Registrar # (ח.פ.) | 514579614 |
|---|---|
| Status | פעילה |
| Corp type | ישראלית חברה פרטית |
| Incorporated | 2011-02-20 |
| Purpose | לעסוק בכל עיסוק חוקי |
| Liability | מוגבלת |
| In violation (unfiled) | no |
| Last annual report | 2025 |
| Active charges / liens | 0 |
| Registry events | 4 — annual_report (1), charge (2), shares_capital (1) |
| Registered address | משכית 25 הרצליה |
Recent registry events
| Date | Event |
|---|---|
| 2025-11-18 | דו~ח שנתי |
| 2026-03-12 | רישום שעבוד |
| 2025-11-10 | סילוק שעבוד |
| 2025-11-09 | עדכון פרטי גורמים-עדכון מספר זיהוי שגוי לבעל מניות |