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Shahar Friedman, head of the Visa Innovation
Studio, said his company was focused on investments and business
partnerships with Israeli companies offering payment solutions.
"Visa cooperates with these start-ups to support their growth
and development by leveraging the reach, capabilities, and
security VisaNet, the company's global payment network, offers,"
he said.
One startup is ChargeAfter, whose platform enables retailers to
offer consumers personalized financing options at checkout from
multiple lenders.
The second, Mesh, focuses on making cross-border payments
between businesses fast and simple. The third is Zooz, which was
acquired by PayU and provides online payment methods to over
300,000 retailers.
In addition, Visa invested an undisclosed amount in Behalf,
which offers alternative financing for small businesses, and is
studying more investments in Israel, Friedman said.
The company is also hosting several early-stage startups in the
innovation center for up to six months as Visa evaluates their
technologies.
(Reporting by Tova Cohen; Editing by Steven Scheer)
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