Mizrahi Tefahot Bank

Overview

Mizrahi Tefahot Bank, established in 1923, is Israel's third-largest bank, offering a comprehensive range of international, commercial, domestic, and personal banking services. The bank has a significant presence in Israel and operates internationally through subsidiaries and branches in countries including the United States, United Kingdom, Switzerland, and the Netherlands. As of June 30, 2025, Mizrahi Tefahot reported total assets of USD 153.4 billion and a net profit of USD 813.46 million for the first half of the year. The bank's investment strategy focuses on technology startups and other sectors, with investments ranging from $2 million to $10 million. Notable investments include a $2 million stake in Panoply, a cloud data storage startup, and participation in TULU's Series A funding round. Additionally, Mizrahi Tefahot has had exits from companies such as Gauzy, Cipia, and Jeeng. The bank's international operations, particularly in the United States, include UMTB USA, which provides tailored financial solutions to technology startups, emphasizing support for bold visions and big ideas. Mizrahi Tefahot Bank's approach combines deep sector expertise with long-term client relationships, aiming to transform innovative ideas into lasting impact. The bank's diverse portfolio reflects its commitment to fostering growth across various industries, leveraging its extensive network and financial strength to support both local and international ventures.