Adesco

Company Overview

Snapshot

Founded in January 2013 by Jeff Balsam and David Balsam, Adesco operates with 1–10 employees. The company specializes in international money transfers and currency exchange services. A key development occurred in 2024 when 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 for individuals, real estate buyers, businesses, and startups, facilitating transactions into and out of Israel. Adesco manages funds in trust, distributes payments to multiple vendors, and assists clients with exchange rate risk management. It serves customers in the United States, Europe, and Switzerland, supporting property purchases, investments, and business operations in Israel within the Fintech & Insurtech sector.

Company Intelligence Q&A

What is Adesco's core business?

Adesco operates as a licensed Israeli currency exchange and international money transfer service, facilitating cross-border transfers for various client types.

When was Adesco founded and by whom?

Adesco was founded in January 2013 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 for purposes such as property purchases, investments, and business operations.

What is Adesco's primary sector?

Adesco's primary sector is Fintech & Insurtech, with a focus on money transfer and management.

What was a significant leadership development at Adesco?

In 2024, David Balsam joined co-founder Jeff Balsam to lead Adesco into its next phase of fintech-driven growth, enhancing the company's strategic direction.