Seergate

Company Overview

Snapshot

Founded in May 2007 by Eldad Aharoni, Seergate operated with 1–10 employees. The company was acquired by MyECheck in May 2015, marking a significant exit in the fintech sector.

Business overview

Seergate developed a highly secure open-banking payment platform designed to enable individuals and businesses to request and receive payments across various devices. The company's core technology focused on transforming complex banking processes into simplified communication threads, providing financial institutions with deeper insights into customer transactions. Seergate aimed to enhance customer acquisition and loyalty for banks by facilitating compelling propositions and added-value services, such as vendor payments, Cash on Delivery (COD), and factoring, all while adhering to financial institutions' regulatory and compliance frameworks. The company operated within the Fintech & Insurtech sector, specifically targeting financial services, financial institutions, and banks with its payment and money management solutions.

Strategic signal

In May 2015, Seergate was acquired by MyECheck, signaling a strategic consolidation within the payment processing and fintech landscape. This acquisition highlights the value placed on secure, open-banking payment platforms and indicates a market trend towards integrating innovative payment solutions into broader financial service offerings.

Company Intelligence Q&A

When was Seergate founded?

Seergate was founded in May 2007.

Who founded Seergate?

Seergate was founded by Eldad Aharoni.

What is Seergate's primary sector?

Seergate's primary sector is Fintech & Insurtech.

When was Seergate acquired?

Seergate was acquired by MyECheck in May 2015.

What was the nature of Seergate's acquisition by MyECheck?

MyECheck completed the acquisition and integration of Seergate in May 2015, as announced in a press release.