Israel-based Bank Hapoalim is working with the Microsoft Ventures Accelerator in Tel Aviv to select financial technology start-ups for inclusion in the accelerator’s four-month class, matriculating in March 2014.
Bank Hapoalim will provide the start-ups with a beta-testing environment and a $30,000 convertible loan.
Bank Hapoalim already has a an NIS80m ($20m) corporate venturing fund, established in 2012, dedicated to supporting technology start-ups that develop financial products.