Israeli Fintech Neema Launches Global FX Trading Room to Challenge Banks
Translated & summarized from Bizportal by baba
Israeli fintech Neema has launched a global FX Trading Room to offer currency conversion and management services to businesses and financial institutions, aiming to compete with traditional banks. The new service allows clients to convert and hold foreign currencies at real-time rates, providing greater control over exchange rate exposure. This expansion follows Neema's strong financial performance in the second quarter of 2026, with significant revenue growth and a shift to profitability.
The story in 5 lines · by baba
- Neema, an Israeli fintech firm, launched a global FX Trading Room to offer currency conversion services.
- The new service aims to compete with banks by providing businesses with real-time exchange rates and flexible fund management.
- Initially, the platform will support seven major currencies, including USD, EUR, GBP, and ILS.
- Neema reported a 42% revenue increase in Q2 2026, reaching approximately NIS 43 million.
- The company also achieved a pre-tax profit of NIS 1.2 million in Q2 2026, reversing a previous loss.
Israeli fintech company Neema, controlled by Direct Insurance of the Tzure Shamir Group, is expanding its foreign exchange operations with the launch of a global FX Trading Room. This new service is designed for businesses and financial institutions in Israel and worldwide, offering real-time currency conversion rates, multi-currency balance management, and flexible fund transfer timing independent of conversion dates.
Previously, Neema's currency conversion capabilities were primarily used for its own payment operations. Now, the company is opening these features directly to clients, broadening its services beyond international money transfers to encompass foreign exchange management. This allows businesses, for instance, to convert funds for a future payment today, hold them in the target currency, and transfer them on the payment date, thereby mitigating exposure to exchange rate fluctuations.
Initially, the service will support seven currencies: the US dollar, euro, British pound, Israeli shekel, Chinese yuan, Thai baht, and Sri Lankan rupee. For Neema, this move signifies entry into a market segment dominated by banks, presenting an opportunity to deepen relationships with existing clients and attract new ones.
Neema, founded by Moshe Kamchi, specializes in international payments, providing a transfer infrastructure to over 120 countries and collaborating with global payment providers like Mastercard, Alipay, UnionPay, and WeChat Pay. This FX expansion aligns with its strategy to diversify financial services offered through its existing platform.
According to Tzure Shamir's financial reports, Neema generated approximately NIS 43 million in revenue in the second quarter of 2026, a 42% increase year-over-year. The company also achieved a pre-tax profit of around NIS 1.2 million, a significant turnaround from a loss of approximately NIS 4.9 million in the same period last year. Based on its latest quarterly performance, Neema's annualized revenue is around NIS 172 million, though its profitability trend is yet to be confirmed as stable. The company's valuation was estimated at half a billion shekels.