Ron Cohen (PR)
Ron Cohen has been appointed Chairman of the Fintech Up Capital Finance Company (UP CAPITAL). He holds a master’s degree in business administration with a specialization in finance and marketing from the Hebrew University and a bachelor’s degree in economics and international relations, also from the Hebrew University of Jerusalem. In addition, he has many years of experience in the field of credit and non-bank financing in the Bank Hapoalim Group, where he has held a number of senior positions.
Up Capital, managed by Mariano Patsinski, has developed a technology and digital service to make credit and finance accessible to small and medium-sized businesses (MSME) in order to provide a digital solution to the process of advancing payment of the various suppliers without additional manpower costs. The system developed by the company allows businesses and companies to make use of the available credit facilities available in advance to make payments, and in return enjoy the discount offered by the supplier.
What’s more, the company allows business owners to enjoy an additional line of credit that will allow them to advance deferred payments. This is without the need to provide personal guarantees or other collateral. The company allows suppliers to receive the payment immediately, in full digital form. In addition, the system developed by the company allows the supplier to determine the amount of the discount it is willing to offer in advance of the payment advance and also allows them to determine which of the invoices they wish to advance.
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The entire activity was established by a team of experts in the fields of technology, credit and the capital market, who were joined as partners by the Public Finance Company and BDO Obelisk. The activity is done digitally through an app available in Hebrew, Arabic and English. Central in Israel and around the world in the field of accounting, law and digital.
Ron Cohen, 60, has held a number of senior positions in the field of non-bank financing and credit in the areas of commerce and retail at the Bank Hapoalim Group. Among other things, he has extensive experience in establishing credit and control systems that include the technological, accounting, business and innovative aspects of credit products. In his last position, he served as CEO of Tzameret Maimonim, a subsidiary of Isracard, which specializes in providing credit and credit card discounting. Prior to that, he served as VP of Credit at Isracard for 9 years, including leading the establishment of the company’s credit system. In previous positions, he served as customer relations manager in the business division of Bank Hapoalim.
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