Last updated 2026-07-20
- Acquired by Western Union for $70M, Jun 2026
Total raised
—
Stage
Acquired
Founded
2001
Headcount
100
HQ
Tel Aviv, Israel
Sector
Fintech & Insurtech
About
GMT (G.M.T. Tech Innovation Ltd.) is an established Israeli financial institution specializing in localized and international money transfers, foreign exchange, prepaid cards, and medical insurance for foreign workers and tourists. The company operates under a license from the Israel Securities Authority and holds a banking identification code (69) granted by the Bank of Israel. GMT maintains a physical network of over 350 service points throughout Israel and utilizes proprietary technological infrastructure to manage cross-border financial transactions and business disbursements. The company also offers services for pre-ordering foreign currency before travel.
Q&A
- What is the primary business of GMT - Advanced Financial Services?
- GMT - Advanced Financial Services is an Israeli financial institution specializing in localized and international money transfers, foreign exchange, prepaid cards, and medical insurance for foreign workers and tourists.
- When was GMT - Advanced Financial Services founded?
- GMT - Advanced Financial Services was founded in January 2001.
- What is the current status of GMT - Advanced Financial Services?
- GMT - Advanced Financial Services was acquired by Western Union in June 2026.
- How many employees does GMT - Advanced Financial Services have?
- GMT - Advanced Financial Services has 51–200 employees.
- What is GMT - Advanced Financial Services' physical presence in Israel?
- GMT - Advanced Financial Services maintains a physical network of 250 branches across Israel.
- Which global financial networks does GMT - Advanced Financial Services integrate with?
- GMT - Advanced Financial Services integrates directly with major global financial networks, including MoneyGram and GoldenCrown.
- Who is the CEO of GMT - Advanced Financial Services?
- The CEO of GMT - Advanced Financial Services is Eran Sarok.
- What regulatory bodies oversee GMT - Advanced Financial Services?
- GMT - Advanced Financial Services operates under the license of the Ministry of Finance and is regulated by the Ministry of Justice, the Capital Market Authority, and the Israel Money Laundering and Terror Financing Prohibition Authority.
Team · 2
Sarok family
Founder · Founder
Tayer family
Founder · Founder
Sectors & technology
Primary sector
Fintech & Insurtech
Sub-sectors
Fintech & InsurtechMoney Transfer & Management
Target customers
Financial ServicesFinancial Institutions
Business model
B2B
Tags
credit-cardsmoney-transferfintechhealth-insurance
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
External links
| Website | gmtonline.co.il/ |
|---|---|
| linkedin.com/company/11430743 | |
| X / Twitter | GMT_afs |
| facebook.com/GMT.Advanced.Financial.Services | |
| YouTube | youtube.com/channel/UCXLm3ms-nANy1ixpYLiWbaw?view_as=subscri |
| instagram.com/gmtonline |
Identifiers & details
| Legal name | G.M.T. Tech Innovation Ltd. |
|---|---|
| Founded | 2001 |
| Employees (exact) | 100 |
| Status reason | Acquired by Western Union on Jun 2026 |
Acquisitions & public offerings
Acquired by Western Union 2026-06 $70.0M
Radar intelligence
Web history (Wayback)
| Domain | gmtonline.co.il |
|---|
Certificate / subdomain footprint
| Subdomains | 69 |
|---|