We are proud to announce our partnership with Bank Hapoalim via Poalim Hi-Tech which will assist us in adding another layer of support to our startups.
Poalim Hi-Tech will support our startups in various ways, especially:
- Weekly office hours by Hi-tech bankers
- When starting a venture, many questions come to mind regarding the financial needs of the company, foreign exchange, commissions and cash flow – Poalim High-Tech will send over its finest bankers to have 1 on 1 sessions with the companies in order to assist them in any way possible related to banking issues
- Personal Hi-tech banker in Israel and New York
- Each startup accepted to SigmaLabs will be accompanied by a personal hi-tech banker who will guide and assist the startup with all his banking needs. No more standing in a long line @ the bank in order to get your company credit card, no more waiting on the phone to get your dollar account up and running – Poalim Hi-Tech’s personal banker will come and meet our startups wherever they are in order to make life just a little bit easier for them on their rough journey
- Poalim Hi-Tech will also provide the companies with a tailor made value proposition for his business account – this account will be tailored uniquely to the startups’ needs and will include discounts in the services startups usually consume and need
- Poalim Hi-Tech will offer startups (upon meeting certain criteria) the option to open a bank account in Poalim’s New York branch, making their life easier and the possibility to scale up faster
- For the companies in the accelerator which are in the field of Fin-tech, Poalim Hi-Tech will enable Access to Bank Hapoalim’s Fintech program that offers startups an opportunity to collaborate with the bank and enjoy the following benefits:
- Strategic Investment in the startups – a $25,000 convertible note will be available for a Fintech startup that would fit the bank’s criteria. An initial funding from a strategic partner is a great opportunity for a young company in the beginning of its path
- Beta Site for technology testing – Fintech companies in the accelerator could conduct a validation of their concept through a POC using Poalim’s data and infrastructure as a beta site
- Collaboration opportunities – companies who are fitted for bank’s collaboration would enjoy integration to bank’s systems, an exposure to bank’s wide consumer base and an introduction to bank’s global banks network
We here at SigmaLabs want to thank our partners at Poalim Hi-Tech and especially Yossi Vinitski, Head of Hi-Tech, who holds the vision of helping us strengthen our startup eco-system