Company Overview
Snapshot
Founded in January 2013 by Jeff Balsam and David Balsam, Adesco operates with 1–10 employees. The company is a licensed Israeli currency exchange and international money transfer service. 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 specializing in same-day cross-border transfers. The company's core offering enables individuals, real estate buyers, businesses, and startups to transfer funds into and out of Israel. Adesco also manages exchange rate risk, holds funds in trust, and distributes payments to multiple vendors. It serves customers in the United States, Europe, and Switzerland, facilitating transactions for property purchases, investments, and business operations within the Fintech & Insurtech sector, specifically focusing on Money Transfer & Management, Trading & Investing, and Financial Operations Software.
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- When was Adesco founded and by whom?
- Adesco was founded in January 2013 by Jeff Balsam and David Balsam.
- What is Adesco's primary business activity?
- Adesco is a licensed Israeli currency exchange and international money transfer service, enabling same-day cross-border transfers for various client types.
- Which markets does Adesco serve?
- Adesco serves customers from the United States, Europe, and Switzerland, facilitating transfers to Israel.
- What is Adesco's role in managing client funds?
- Adesco holds funds in trust, distributes payments to multiple vendors, and assists clients in managing exchange rate risk.
- What significant leadership development occurred in 2024?
- In 2024, David Balsam joined co-founder Jeff Balsam to lead Adesco into its next phase of fintech-driven growth.