Tag: Vesttoo

Former Vesttoo executive set to join Phoenix Merchant Partners

Phoenix Merchant Partners has revealed that former Vesttoo executive Julia Henderson will join the firm as its Managing Director, Insurance Solutions.

Vesttoo continues to push for ‘value-maximising’ business plan

Israeli InsurTech Vesttoo has requested more time from the creditors in their Chapter 11 bankruptcy case, as it still believes it can produce a "value-maximising transaction".

Vesttoo fraud scandal: The story so far

Vesttoo ended 2022 by obtaining the much coveted Unicorn status, however 2023 has been anything but a fairytale, as the Israeli FinTech has found itself mired in the midst of a public fraud scandal.

Court approves seize of $30m in assets from Vesttoo co-founders &...

The Tel Aviv District Court has approved the seize of a total of NIS $30m from the ousted Vesttoo co-founders Yaniv Bertele and Alon Lifshitz.

Markel joins Vesttoo bankruptcy case over $127.75m fraudulent LOCs

Markel Bermuda Limited (MBL) has been appointed to the statutory committee of unsecured creditors in the U.S. Chapter 11 bankruptcy of InsurTech Vesttoo.

Vesttoo confirms source of LOC fraud is external amid crisis

Vesttoo has revealed that the source of its now infamous LOC fraud scandal is external to the company. 

Vesttoo files for bankruptcy protection amidst fraud scandal 

Israeli FinTech Vesttoo has filed for Chapter 11 bankruptcy protection amidst the company's ongoing fraud scandal. 

Vesttoo announce interim CEO amidst fraud scandal, liquidate collateralised insurer 

Israeli FinTech Vesttoo has named Ami Barlev as its Interim CEO and closed a collateralised insurer amidst its fraud scandal. 

Vesttoo oust CEO following fraud scandal 

FinTech company Vesttoo has laid off its co-founder and CEO in wake of its fraud scandal.  

Vesttoo lay off 75% of staff and close multiple offices amid...

FinTech company Vesttoo has shockingly announced that it will be laying off 75% of its staff in wake of its fraud scandal. 

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