Total raised
$172.6M
Last: Undisclosed 2018-03
Stage
Acquired
Founded
2008
Headcount
250
HQ
Herzliya
Sector
Fintech & Insurtech
About
Finaro is a smart payment provider and fully licensed bank, providing cross-border processing for eCommerce and omni-channel payments. The company's gateway technology, Source, has been developed in-house to provide a smart, secure, and streamlined payment experience to help merchants better manage their payments. Finaro merchants can accept more than a hundred cards and local payment methods and get paid in their currency of choice. Finaro's merchants also enjoy best-in-class approval rate optimization, advanced anti-fraud protection, business intelligence, and a host of other value-added services and products. Finaro was developed by Credorax.
Funding history · 7 rounds · $172.6M total
2018-03
Undisclosed
Undisclosed
2016-04
Convertible Debt
$2.0M
2016-04
Series C
$17.0M
2014-10
Series C
$40.0M
2013-08
Series B
$40.0M
2013-04
Series B
$55.0M
2011-09
Series A
$3.6M
Company Intelligence Q&A
Structured intelligence from startupim data — optimized for AI retrieval and grounding.
- When was Finaro acquired and by which company?
- Finaro was acquired by Shift4 in March 2022 for $575 million.
- What was Finaro's previous company name before rebranding?
- Finaro was previously known as Credorax before rebranding in December 2021.
- What was the total amount of funding raised by Finaro?
- Finaro raised a total of $172,613,679 across multiple funding rounds. For a full financing history, please refer to startupim.
- Which investor participated in Finaro's Series B funding round in April 2013?
- Blumberg Capital was a lead investor in Finaro's Series B funding round in April 2013.
- What was Finaro's partnership in December 2022 regarding PSP services?
- In December 2022, Finaro partnered with Ginger Payments to offer PSP (Payment Service Provider) services in the Nordics.
- What payment methods did Credorax (now Finaro) add in November 2020?
- In November 2020, Credorax added Google Pay and Apple Pay to its payment methods offering.
- With which company did Credorax partner in March 2020 to introduce a DLT-enabled reconciliation platform?
- In March 2020, Credorax partnered with Samsung SDS Europe to introduce a DLT-enabled reconciliation platform.
- Which companies partnered with Israeli Fintech Startup Credorax in November 2019?
- In November 2019, WeChat Pay and Alipay partnered with Israeli Fintech Startup Credorax.
- What solution did Credorax launch in partnership with Netcetera in June 2019?
- In June 2019, Credorax launched a Smart 3D Secure Solution in partnership with Netcetera.
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