Chinese firm Fosun invests $5 million in Israeli fintech startup

Fosun International, a Chinese international investment company, is investing $5 million in Israeli Fintech Start-up The Floor.

Founded in 2016, The Floor is listed at Tel Aviv Stock Exchange and is a Fintech Innovation Center working with six of the world's largest financial institutions. Their focus is on areas like digital banking, capital markets, big data analytics, blockchain and insur-tech. (Founded in 1992 and headquartered in Shanghai, Fosun International is incorporated in Hong Kong in 2004. Fosun started its business by doing market research and then extended its business into the healthcare industry, real estate and other areas). More details here.

Fosun is listed in the Chinese Investors Directory with the code MA156.