The Israel-Palestine conflict rages on, and for many fintech workers in the tech hub that is Tel Aviv, 44 miles from Gaza, life has had to continue through the chaos.
Today, American Banker published a piece looking into the impact the conflict has had on many fintechs that have offices in the area. Although some, like Pagaya and Bluevine, have headquarters in the US, many have hundreds of employees based in Israel.
Their thriving fintech sector, already facing challenges from the global tech slump, has receded further amongst concerns for safety, staff shortages, and the emotional toll on all involved.
The city’s infrastructure remains intact as the epicenter of the conflict continues in Gaza. Still, workers are disrupted by sirens, calls for military service, and mounting anxiety about the future trajectory of the war.
However, aware that the tech sector feeds the country’s ongoing development, “after an initial shock,” technology companies are attempting to adapt to the conditions. As the war continues, smaller startups could face further challenges ahead.
FEATURED
‘Everybody is on edge.’ How Israel’s fintech workers are enduring war.
By John Adams
With employees regularly fleeing to bomb shelters — and some being called away to military service — these technologists must still serve a global clientele while confronting fear and destruction at home.
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