Israeli fintech co Reach raises $3.5m
Summary
REACH, founded in 2015 by CEO Yair Ravid and chief product officer Dan Mano, has developed a platform for remote management of transactions and face-to-face meetings. The company provides a platform that combines live conferencing, identity verification, real time forms collaboration and digital signature during an omni-channel cloud based in browser session. REACH eliminates the need for a physical encounter by allowing companies to easily collaborate with their clients from a distance in real time in an effective and compliant way. By doing so, the platform allows a next generation digital customer experience.” Mano added: “it doesn’t make sense that in an era where tools such as Slack and Trello exist and where securing a weekend can be easily done with AIRBNB, a customer will be forced to come physically to the branch when opening a bank account or meet face to face with an agent when getting an insurance or even signing an affidavit." The money raised in the financing round was earmarked to help the company expand its business and growth in the US and Europe, while also continuing development of its line of products.