RiseUp
Proactive Financial Service Empowering Customers
Company Overview
Snapshot
Founded in June 2017 by Yuval Samet, Tamara Harel-Cohen, and Iftach Bar, RiseUp operates with 11–50 employees. The company has raised a total of $30 million across two funding rounds from six investors. In April 2022, RiseUp secured a Series C funding round with Corner Ventures as a lead investor.
Business overview
RiseUp is a Fintech & Insurtech company that provides a proactive financial service designed to empower customers to achieve financial well-being. The company offers tools, knowledge, and community support to help users improve their cash flow and manage their finances more effectively. RiseUp's core technology leverages platforms, APIs, mobile solutions, and artificial intelligence, including machine learning, to serve consumers, particularly those focused on demographics, family, financial and real estate matters, and professionals in the gig economy across Israel and Europe.
Strategic signal
In April 2024, RiseUp announced a significant reduction of half its workforce, citing "war damages" as the primary reason. This operational adjustment signals a challenging period for the company, likely impacting its immediate growth trajectory and strategic priorities as it navigates external pressures and focuses on stabilization.
Company Intelligence Q&A
- What is RiseUp's primary mission?
- RiseUp aims to provide a proactive financial service that empowers customers to achieve and maintain financial well-being by offering tools, knowledge, and community support to improve cash flow and financial mindset.
- When was RiseUp founded and by whom?
- RiseUp was founded in June 2017 by co-founders Yuval Samet, Tamara Harel-Cohen, and Iftach Bar.
- What was a significant funding event for RiseUp?
- In April 2022, RiseUp raised $30 million in a Series C funding round, with Corner Ventures participating as a lead investor.
- What recent operational challenge has RiseUp faced?
- In April 2024, RiseUp reduced its workforce by half, attributing the decision to "war damages".
- What markets does RiseUp primarily serve?
- RiseUp primarily serves the geomarkets of Israel and Europe, focusing on consumers and professionals.