Riskified latest company to transfer money out of Israel

📆 3/8/2023 8:05 AM
📰 ChannelNewsAsia

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JERUSALEM :Israeli financial technology firm Riskified is transferring $500 million out of the country, joining private sector opposition to the government's planned overhaul of the judicial system.CEO Eido Gal shared the decision with employees in a letter and voiced concerns that the proposed changes to the

JERUSALEM :Israeli financial technology firm Riskified is transferring $500 million out of the country, joining private sector opposition to the government's planned overhaul of the judicial system.

Riskified provides a fraud management platform for online merchants. It has offices in Israel and New York. "The laws being passed can lead to the dismantling of our independent judicial system," Gal wrote."More importantly, this will result in Israel changing from a democracy with liberal values into a more authoritarian state."

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Riskified latest company to transfer money out of Israel -mediaJERUSALEM : Israeli financial technology firm Riskified is transferring $500 million out of the country, joining private sector opposition to the government's planned overhaul of the judicial system, Israeli media reported on Wednesday.Financial news website Calcalist quoted a letter to employees at Riski
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