Company Overview
Snapshot
Founded in January 2018, SparkIL operates with 1–10 employees. The company focuses on facilitating peer-to-peer lending and appointed Na'ama Ore as CEO in March 2022, signaling a strategic leadership development.
Business overview
SparkIL is a Fintech & Insurtech company that operates a peer-to-peer lending platform, enabling individuals globally to provide zero-interest loans to Israeli businesses. The platform allows lenders to contribute as little as $25, with the option to reinvest or withdraw funds upon repayment. SparkIL aims to foster economic growth and social empowerment in Israel, while also building community connections between lenders and the region.
Strategic signal
In June 2022, SparkIL launched a new platform designed to directly connect microfunders with Israeli small businesses. This initiative highlights the company's commitment to expanding its peer-to-peer lending model and enhancing economic opportunities within Israel, positioning SparkIL as a key player in impact investing and community-driven financial solutions.
Log in to access full profile ›Company Intelligence Q&A
- What is SparkIL's core mission?
- SparkIL's core mission is to spark economic growth and social empowerment in Israel by connecting lenders from around the world with Israeli small businesses through a direct digital engagement platform.
- When was SparkIL founded?
- SparkIL was founded in January 2018.
- Who was appointed CEO of SparkIL?
- Na'ama Ore was appointed CEO of SparkIL in March 2022.
- What kind of lending does SparkIL facilitate?
- SparkIL facilitates zero-interest, peer-to-peer loans from individuals to small businesses in Israel, with lenders able to contribute as little as $25.
- What was a significant development for SparkIL in 2022?
- In June 2022, SparkIL launched a new platform designed to connect microfunders directly with Israeli small businesses, aiming to enhance economic opportunities and community building.