Last updated 2026-06-18
- Acquired by Western Union for $70M, Jun 2026
Total raised
—
Stage
Acquired
Founded
2001
Headcount
100
HQ
Ramat HaHayal, Tel Aviv, Israel
Sector
Fintech & Insurtech
About
GMT (G.M.T Tech Innovation Ltd.) is an Israeli fintech company specializing in international and domestic money transfers, payroll management, foreign exchange services, and prepaid cards. Founded in 2001, the company operates an online platform alongside a physical network of over 350 service points throughout Israel. GMT's technology and regulatory approvals, including a license from the Israel Securities Authority and a banking identification code from the Bank of Israel, position it as a key player in Israel's payments sector.
Q&A
- What is GMT's primary business focus?
- GMT is an Israeli fintech company specializing in international and domestic money transfers, payroll management, foreign exchange services, and prepaid cards.
- What is the current status of GMT?
- GMT was acquired by Western Union in June 2026.
- What was the acquisition amount for GMT?
- GMT was acquired for $70,000,000 by Western Union.
- Where is GMT's headquarters located?
- GMT's headquarters is in Ramat HaHayal, Tel Aviv, Israel.
- Who are the founders of GMT?
- GMT was founded by the Sarok family and the Tayer family.
- What regulatory approvals does GMT hold in Israel?
- GMT holds a license from the Israel Securities Authority and a banking identification code from the Bank of Israel.
Team · 3
Sarok family
Founder · founders
Tayer family
Founder · founders
Eran Sarok
CEO
Sectors & technology
Primary sector
Fintech & Insurtech
Technologies
Target customers
Business model
B2CB2B
Tags
fintechmoney-transferpayment-solutionsforeign-exchangeprepaid-cards
Full data — links, identifiers, deals & radar signals (jobs, patents, research, more)
Identifiers & details
| Legal name | G.M.T Tech Innovation Ltd. |
|---|---|
| Founded | 2001 |
| Employees (exact) | 100 |
Acquisitions & public offerings
Acquired by Western Union 2026-06 $70.0M
Radar intelligence
Patents
| EPO | 670 |
|---|
Publications (Crossref)
| Works | 10 |
|---|