Chinese conglomerate Fosun International and its affiliate Fosun Hani Securities Ltd. jointly announced a strategic investment of US$5 million into Israeli fintech company, The Floor. The deal marks Fosun’s second fintech investment in Israel, after Fosun’s US$14.25 million investment in Israeli fixed income intelligent solution start-up BondIT in October 2017. Fosun will join the Board of Directors of The Floor. Founded in 2016, the Tel Aviv-headquartered start-up operates a global innovation platform with six financial institutions. It focuses on digital …

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