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 Bermuda Limited (MBL) has been appointed to the statutory committee of unsecured creditors in the U.S. Chapter 11 bankruptcy of InsurTech Vesttoo.
Vesttoo has revealed that the source of its now infamous LOC fraud scandal is external to the company.
Israeli FinTech Vesttoo has filed for Chapter 11 bankruptcy protection amidst the company's ongoing fraud scandal.
Israeli FinTech Vesttoo has named Ami Barlev as its Interim CEO and closed a collateralised insurer amidst its fraud scandal.
FinTech company Vesttoo has shockingly announced that it will be laying off 75% of its staff in wake of its fraud scandal.
Israel-based alternative reinsurance and investment platform Vesttoo has landed $15m in Series B equity investment from Mouro Capital. Also participating in the round was MS&AD...