Company Overview
Snapshot
Founded in June 2009, Cellarix operated with 1–10 employees. The company ceased operations in February 2019.
Business overview
Cellarix developed a financial service accessible via mobile or web, designed for business-to-business, consumer-to-consumer, and consumer-to-business transactions. Its core technology transformed a subscriber's mobile phone into a digital wallet, enabling deposits and withdrawals through cash stations, and money transfers to and from credit cards or bank accounts. The service utilized the phone number as the account number and was device and bank agnostic, serving markets primarily in Israel within the Fintech & Insurtech sector.
Strategic signal
In June 2019, Partner Communications was reportedly in talks to acquire Cellarix, indicating potential strategic interest in the company's mobile payment technology despite its operational status. This signals the continued market value of digital wallet solutions and the potential for consolidation within the fintech space.
Log in to access full profile ›Company Intelligence Q&A
- What is Cellarix's primary business?
- Cellarix provides a mobile digital wallet service that facilitates business-to-business, consumer-to-consumer, and consumer-to-business financial transactions.
- When was Cellarix founded?
- Cellarix was founded in June 2009.
- What was the operational status of Cellarix?
- Cellarix ceased to operate in February 2019.
- What was a significant event for Cellarix in 2019?
- In June 2019, Partner Communications was reported to be in talks to acquire Cellarix, according to news sources.
- What was Cellarix's strategic focus in the early 2010s?
- In August 2011, Cellarix aimed to make phone payments a widespread reality in Israel, as reported by Globes.