Israel business

Fifth-generation technology is 10 times faster than widespread 4G and rolling it out would improve Internet access in city centers.

Here is a round-up of some interesting happenings on the tax scene.

BUSINESS AFAIRS: Strauss’s Elite brand chocolate products have still not fully made their way back onto shelves. What are they planning, and what will they need to do to win back consumers?

In Israel, the group met entrepreneurs such as Dov Moran and Sylvan Adams.

Wolt was established in 2014 in Helsinki, Finland, as a convenient, fast and serviceable food delivery platform. It began operating in Israel in 2018. 

BUSINESS AFFAIRS: The sharp decline in the US stock exchange seems to be hitting Israeli tech companies harder than anticipated.

SparkIL, established in partnership by The Jewish Agency for Israel and the Ogen Group, is the first peer-to-peer lending platform for supporting Israeli small businesses.

The company uses artificial intelligence to assess job seekers’ skill sets, recommending them to employers without the need for old-fashioned resumes.

“I spoke Hebrew at home, but did not have great Hebrew, and then he made me an offer. The magic word was it was in dollars. I focused on ‘dollars’ and didn’t hear the number,” said a partner.

Continue AI has announced a $5.7M funding round that it will use to further develop its AI platform.