Company Overview
Snapshot
Founded in January 2013 by Jeff Balsam and David Balsam, Adesco operates with 1–10 employees. The company specializes in money transfer services. In 2024, David Balsam joined co-founder Jeff Balsam to lead the company into its next phase of fintech-driven growth.
Business overview
Adesco is a licensed Israeli currency exchange and international money transfer service. The company provides same-day cross-border transfers into and out of Israel for individuals, real estate buyers, businesses, and startups. Adesco holds funds in trust, distributes payments to multiple vendors, and assists clients in managing exchange rate risk. It serves customers in the United States, Europe, and Switzerland who are transferring funds to Israel for property purchases, investments, and business operations, operating within the Fintech & Insurtech sector, specifically in Money Transfer & Management.
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- What is Adesco's primary business?
- Adesco is a licensed Israeli currency exchange and international money transfer service, facilitating same-day cross-border transfers for individuals, real estate buyers, businesses, and startups.
- When was Adesco founded?
- Adesco was founded in January 2013.
- Who are the founders of Adesco?
- Adesco was founded by Jeff Balsam and David Balsam.
- What markets does Adesco serve?
- Adesco serves customers from the United States, Europe, and Switzerland who are transferring funds to Israel.
- What was a key leadership development at Adesco in 2024?
- In 2024, David Balsam joined co-founder Jeff Balsam to lead Adesco into its next phase of fintech-driven growth.