Revolut Prepares to Launch Banking Services in Israel, Challenging Incumbents
Translated & summarized from Cursorinfo by baba
The story in 5 lines · by baba
- Revolut is actively preparing to launch banking services in Israel.
- The company is hiring specialists and seeking regulatory approval for a banking license.
- Revolut aims to compete with Israel's five major traditional banks.
- The kosher fast-food chain Zalman's has a new co-owner.
- New tax benefits for immigrants in 2026 have been announced.
British fintech company Revolut is accelerating its preparations to launch full banking services in Israel, indicated by a significant hiring drive across key banking sectors. Uri Natan, who previously led the digital bank Pepper, has been invited to head branch. This license would permit the fintech giant to accept customer deposits and directly challenge the country's five major traditional banks. Globally, Revolut serves over 80 million users and employs more than 13,000 people. While the company has not yet announced an official launch date for Israel, its extensive resources and infrastructure development suggest a serious commitment to the market.
In separate news, the kosher fast-food chain Zalman's has a new co-owner, Kamari Retail Group, which acquired a 50% stake for 3.5 million shekels, valuing the business at 7 million shekels. Additionally, new tax benefits for immigrants in 2026 have been reported.
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