Finupp

Company Overview

Snapshot

Founded in January 2014 by Asaf Regev, Lior Albeck, and Dani Silberstein, Finupp operates with 1–10 employees. The company was acquired by Meitav Dash in March 2021, marking a significant exit in the Israeli fintech landscape.

Business overview

Finupp provides an online platform designed to simplify tax refund processes for Israeli taxpayers. Its core technology enables employees and self-employed individuals to easily check their entitlement to tax refunds and claim them, offering a more user-friendly and cost-effective alternative to traditional methods. The company operates within the Fintech & Insurtech sector, specifically focusing on personal finance management and financial operations software for consumers in Israel.

Strategic signal

In March 2021, Finupp was acquired by Meitav Dash for $1.5 million, as reported by Calcalistech.com. This acquisition signals a strategic move by Meitav Dash to integrate Finupp's tax return automation platform, indicating a growing trend in the financial services industry towards digital solutions for personal finance and tax management. For investors, this highlights the value of automated fintech solutions in streamlining complex financial processes.

Company Intelligence Q&A

What is Finupp's primary offering?

Finupp offers an online tool that helps Israeli taxpayers check their entitlement to tax refunds and claim them quickly and easily, providing a simpler and more affordable alternative to existing services.

When was Finupp founded and by whom?

Finupp was founded in January 2014 by Asaf Regev, Lior Albeck, and Dani Silberstein.

What was a significant corporate milestone for Finupp?

In March 2021, Finupp was acquired by Meitav Dash for $1.5 million, as reported by Calcalistech.com.

In which sector does Finupp primarily operate?

Finupp primarily operates in the Fintech & Insurtech sector, focusing on personal finance management and financial operations software.

What was the outcome of Finupp's participation in Smartup 3?

In November 2015, Finupp was recognized as one of the finalists in the Smartup 3 competition for its tax refund facilitation platform.