BondIT, an Israeli financial technology company, has received $$14.25 millionm in funding from Chinese investment company Fosun Group. BondIT uses artificial intelligence and data science to help traders with the management of their portfolios. Fosun Group will gain seats on the fintech company's board as part of the deal, with BondIT's CEO Etai Ravid welcoming the addition of their experience and expertise in the Chinese market. Fosun has invested in a number of other companies in Israel, but this is the group's first fintech investment.
BondIT, an Israeli financial technology company, has received $14.25m in funding from Chinese investment company Fosun Group. BondIT uses artificial intelligence and data science to help traders with the management of their portfolios. Fosun Group will gain seats on the fintech company's board as part of the deal, with BondIT's CEO Etai Ravid welcoming the addition of their experience and expertise in the Chinese market. Fosun has invested in a number of other companies in Israel, but this is the group's first fintech investment.