Israeli fintech Vesttoo talks to investors after fake collateral scandal
LONDON, Aug 7 - Israeli fintech company Vesttoo is in "active discussions" with potential investors to find alternative collateral for clients after aVesttoo, which uses artificial intelligence technology to
connect the insurance industry and capital markets, is in contact with regulatory bodies worldwide, the spokesperson said in an emailed statement after discovery of fake letters of credit used on its platform.
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Israel's Vesttoo in talks with investors over fake collateral scandalIsraeli fintech company Vesttoo is in 'active discussions' with potential investors to find alternative collateral for clients after discovering fake letters of credit had been used on its platform, a company spokesperson said on Monday.
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