Israeli fintech startup RiseUp, which provides a technology platform to help customers control expenses and save money, has laid off 50 employees, representing 50% of its 100-person workforce. The layoffs, announced on April 30, 2024, are part of a broader adjustment to ensure the company's growth and profitability amid challenging market conditions, including the ongoing war in Israel. Founded in 2017 and having raised $48 million in total funding, the company stated the difficult decision was necessary alongside other cost-saving measures to focus on its core business.
