The London Stock Exchange Group (LSEG) reports that ELITE, its international programme for ambitious high growth businesses, has signed a Memorandum of Understanding (MoU) with Bank Hapoalim, Israel’s leading financial services group. ELITE and Bank Hapoalim will collaborate to support the development of Israeli high growth businesses and promote ELITE in Israel.
Three Israeli companies are already part of ELITE’s community of more than 400 companies from across 23 countries. These are social trading platform, eToro, peer-to-peer lender, Blender and the world’s first cloud-based video creation and production company, Showbox.
The LSEG says ELITE facilitates company access to a full range of funding options, increases company profile, promotes relationships and opportunities with potential investors and supports management best practice and entrepreneurship.
London has an active and fast growing community of Israeli companies on its markets; 29 Israeli businesses are listed on London Stock Exchange across the Main Market and AIM, with a combined market capitalisation of $10.2 billion. This includes names such as spread-betting company Plus 500, gaming software supplier Playtech, mobile advertising company Taptica and tech firm Telit Communications.