Investment Secured by Glassbox from Poalim Equity
Glassbox and Poalim Equity Partner to Accelerate Innovation in Financial Services
Israel-based Glassbox, a leading analytics company specializing in the needs of financial institutions, has received a minority investment from Poalim Equity, the investment arm of Bank Hapoalim, Israel's largest financial group. This investment marks a significant step forward in Glassbox's mission to transform digital customer experience and risk management in the financial services industry.
The investment will accelerate Glassbox's development of advanced analytics and AI solutions, with a focus on AI-powered behavioral analytics, fraud prevention, and real-time decision-making capabilities. These advancements are expected to deliver deeper insights into customer behavior, empower banks and insurers to make faster and smarter decisions, and proactively mitigate fraud risks.
Etai Kramer, Managing Director and Head of Alternative Investments & Investment Banking at Poalim Equity, expressed his belief that Glassbox's technology will transform how financial institutions understand and serve their customers. He stated, "We are excited to partner with Glassbox and support their innovative approach to digital engagement and risk management."
Alex Assim, Chairman of Glassbox, emphasized the company's unique asset in the enterprise software space. He said, "We have a unique ability to innovate responsibly and strategically, particularly in the age of AI."
The investment round is the first capital raise by Glassbox since Alicorn took the company private in May 2024. Poalim Equity joins existing investors Discount Capital, Susquehanna Growth Equity (SGE), and Alicorn in supporting Glassbox's growth and innovation.
Bank Hapoalim, a long-standing Glassbox customer, exemplifies the practical application of this technology to optimize client services. This strategic synergy underscores the shared vision between Poalim Equity and Glassbox to equip banks and insurers with the intelligence they need to meet rising expectations for trust, speed, and personalization in digital engagement.
The focus of Glassbox's product roadmap expansion includes AI-powered behavioral analytics, fraud prevention, and real-time decision-making tools tailored for banks and insurers. These advancements are expected to transform how financial institutions manage digital customer experience and risk, aligning with rising expectations for speed, personalization, and trust.
[1] Glassbox press release, "Glassbox Announces Minority Investment from Poalim Equity to Accelerate Innovation in Financial Services" [2] Poalim Equity press release, "Poalim Equity Invests in Glassbox to Drive Innovation in Financial Services" [3] Susquehanna Growth Equity press release, "SGE Leads Series C Investment in Glassbox"
- This investment from Poalim Equity will drive Glassbox's focus on developing advanced fintech solutions, particularly in AI-powered behavioral analytics, fraud prevention, and real-time decision-making capabilities, aiming to revolutionize the business of financial services by delivering smarter and faster decisions, and proactively mitigating potential risks.
- With the integration of technology, Glassbox's approach to digital engagement and risk management is expected to transform the way financial institutions understand and serve their customers, empowering them to meet rising expectations for speed, personalization, and trust in the industry.
