December 2019
Everything that can be invented has been invented
Don't wake up the bear
Don't tell the suckers
A strong woman is a strong Robin
In 1899 Charles Holland Duell, at the time the United States Patent Office Commissioner said "Everything that can be invented has been invented." The 20th century was the century in which humanity invented radio, television, internet, antibiotics, submarines, missiles, vehicles, aircraft, personal computers and even nuclear power.
It seems that since the invention of the wheel, every day a new technology comes out. If you find Robin's technologies interesting, you might want to take a look at this interview with Jonathan Wax, CTO of Robin, with People and Computers. Jonathan unveils the secrets of various technologies, on platforms such as the Expert Portal, Digital Transfer, and even the new RobinX platform, designed for large financial institutional and corporate organizations in Israel and abroad.
To read the artical:https://www.pc.co.il/featured/300848
Due to the up coming winter, bears tend to fill their stomachs with good food, enter a warm cave, snuggle with a cosy blanket and wait for winter to pass. Winter in the doorway and Robin's survey came to Maariv, following the decision by Dr. Moshe Bareket (Head of the Capital Market Authority), to reduce life insurance cost. We went out to see if people were actually paying less, it seems like someone forgot to wake up the bears.
We live longer, in other words the chance of mortality decreases. The change indicates that new policies will be at a significantly lower rate than previous life insurance. As the chance of using insurance decreased. However, what can be done if we already have life insurance? Well, a lot! You can demand to reduce the premiums, to save thousands of NIS a year.
Liran Zohar Vice President of Pension and Insurance at Robin - "There are price gaps of up to 120% between the cheap and the expensive insurance, yet the coverage stays the same. The total overprices that the public is paying amounts to 5.25 billion NIS every year. The new service allows life insurance policy holders before the reform took place to easily convert to a cheaper one".
To read the artical:https://www.maariv.co.il/business/consumerism/Article-724098
Who is defined as a sucker by Robin? If there is anything that almost everyone is avoiding of, it is to be a sucker, especially in Israel. According to Wikipedia, the word 'sucker' describes a person who allows his exploitation by others. According to Robin, the word 'sucker' describes a person who owns a pension or insurance product, who can easily receive a lower management fee on the existing product or having a similar product with a higher returns.
Who is defined as a sucker by the radio? Liran Zohar, VP of Pension and Insurance at Robin, was invited to the show "RAK SHE'ELA" at Kan 11, with the host Avi Shamai. Liran explains how for no good reason, savers may lose many rights which they are entitled to. Liran details how to maximize pension savings and add some shocking figures to the explanation.
How about suckers in numbers? 460 billion NIS is managed by Israeli provident funds and study funds. While the average yield for these products is 4%. The top fund, stands at 9% yield - roughly calculating a difference of 23 billion NIS a year. The top funds can easily be found by using the Robin app. Look for broken hearts in the app, transfer the funds to manage them at the leading insurance companies through Robin's Digital Transfer.
Get to know the woman behind Robin's design. Eka Braunstein, Head of UI UX, has the last word about every screen shown in the app. In a special series called 'Women and Computers', a personal interview with powerful, meaningful women in high-tech.
Eka has a complicated task. As Head of UI UX, she is responsible for instilling trust for Robin users who have full confidence in the app. Not that easy, given that Robin ask the users to share their private information. Robin has to bulid credibility, so that the users trust Robin to expose their credentials and adopt the system's recommendations for pension and insurance management. To satisfy those concerns, Eka uses everything she learned to be a media designer at Sapir College. Starting with a prominent icon choice, proper desion or matching colors.
Eka Braunstein - "At first it wasn't easy for me to get into this field, but I didn't give up and accepted the challenge, I dealt with the difficulties and provailed. The experiance was positive. Today I realize that I was born into it, it is in my DNA."
October 2019
Robin knocks down the Berlin wall
The loss of billions to the Israeli public through pension and insurance
Robin as one of 12 most innovative Israeli tech startups
Long live the king - Robin is in the radio talking about the upcoming changes on life expectancy
Jenia Volinsky, The Marker
26.9.2019
"Robin, an Israeli pension and insurance startup, has signed a strategic cooperation agreement with three international partners - including Howden an international insurance corporation.
The company was founded in 2016 and so far raised more than $5 million, in addition to the $2 million grants from Israel Innovation Authority and Digital Israel. Robin is currently in advanced negotiation with banks and brokers for the sale on online insurance in England and of Germany's largest insurance companies."
We want to thanks The Marker who did a comprehensive article on Robin, a glimpse of the world's largest InsurTech conference, in which Yossi Yarkoni, CEO of Robin, presented the Robin X platform. You can read more in Jenia volinsky's article "This is how Israeli technology will come - to an insurance company in Germany".
To read the artical:
https://www.themarker.com/markets/1.7912058
What would happen if no one had unnecessary insurance? What if everyone used a pension plan that suited their needs? What if everyone had the Robin app? Sounds crazy, maybe it is an extreme scenario, but it is very possible that more people are starting to get smarter with their finances.
every year, the public in israel loses billions of NIS for no good reason. Robin's CEO, Yossi Yarkoni was invited to the show 'Sogrim Heshbon' for an interview with Adva Dadon to discuss the major loss to the Israeli public.
Watch the interview where Yossi explains how much the Israeli public loses each year, practical advice that must be followed after canceling multiple insurance coverage, and how the public can make a significant change just by coping with the pension savings' against the prevalent approach of laying their heads in the sand.
What makes a country innovative? In Israel, you can throw a pebble and hit at least 3 startups which is why we are so excited to be part of the 12 most innovative tech starups in Israel according to App'N'Roll. it feels so good to be appreciated for everything we do here in Robin, thank you App'N'Roll.
For years Israel has beed viewed as an expert at making successful entrepreneurs. Professor Amnon Shashua and Ziv Aviram who created Mobileye in Jerusalem, Adam Neumann who dreamed of shared workspaces of WeWork in Nir-Am, Ehud Shabtai who gave the world a faster way to reach Raanana.
The App'N'Roll article explains why Israel also known as 'Silicon Wadi' is a rising technological force, how Israeli entrepreneurs receive strength from the supportive community surrounding Israelies from birth, what is the X factor, the secret ingredient that builds success.
Grandma always said you reap what you sow. Same as the any that works all summer can rest during the winter. Those who work and take care of themselves during working day, will be able to rest at retirement age. Untill retirement, we water the wonderful tree called a pension fund, and then one magical day, we stop watering and start enjoying the fruits of our labor.
To ensure that the wonderful tree does produce fruits for many years to come, insurance companies divide the amount by the life expectancy factor (coefficient of life). Determined by regulation of the Capital Markets And Insurance Authority.
Considering the discussions on the change in the coefficient of life, Yossi Yarkoni, CEO and founder of Robin, was invited to Glz's economic show. Yossi explains the change on life expectancy coefficient and how this change can also come to our advantage as savers, duo to life insurance lower prices.
June 2019
Howden International Insurance Corporation partners with Robin through Howden Israel
Robin's Big Conference for Experts with sales mentor Nir Duvdevani. The event was a massive success!
Jonathan Wax becomes the New CTO of Robin
More evidence of the rapid growth of Insurtech in Israel. The Howden Group debuts as a partner in the start-up Robin and will become a significant player in the pension sector and the Insurtech arena. "This is one of Howden's most significant strategic decisions in recent years and our goal is to expand with Robin to more European markets and beyond,” says Shai Simkin Global Head of Cyber at the Howden Group.
By investing in Robin, the leading Insurtech startup in Israel, Howden Israel, part of the Howden international, will be entering the pension arena. The cooperation agreement also includes an investment by Howden, who will enter as an interested party in the Company and will also receive a representative on the Board of Directors. This is a significant advance for Robin, which has recently begun preparations for the expansion of operations to several target countries in Europe.
"Howden's confidence in Israeli insurance technology is a big step not only for Robin but for the entire Israeli insurance industry," stated Robin's CEO Yossi Yarkoni. "Robin brings breakthrough technology to the market with a collaborative model based on cooperation with the industry in order to add value to our hundreds of thousands of customers. In addition, the technology also benefits the financial advisors who work with us, large brokers that use our technology, insurance companies, and banks, so that everyone earns more and enjoys the mutual cooperation with Robin technology.”
Howden Brokers Group Ltd. is a subsidiary of International Insurance Corporation which is based in London and operates in 90 countries. Howden Israel is one of the three largest non-life insurance agencies in Israel and works with most of the local insurance companies.
"The entry into the pension sector is one of Howden's most significant strategic decisions in recent years, and the investment in Robin is a double investment, both in technology and in a significant player in the pension field. Our goal is to expand further to the European, Asian and American markets," says Danny Sever, Chairman and Founder of Howden Israel and Chairman of the International Investment Committee of Howden Broking Group Ltd.
In the photograph ~ From right to left:
Yossi Yarkoni - Founder and CEO of Robin
Danny Sever - Chairman of Howden Israel
Shay Simkin - Howden's Global Head of Cyber
Dedi Ben Nathan - co-founder and co-founder of Robin
Last week, Robin hosted a fascinating evening on the connection between technology, insurance, and sales, presented by Nir Duvdevani, the number one sales mentor in Israel.
These are just a few of the many enthusiastic responses to our expert’s conference that was attended by 200 insurance agents from all over the country.
"Huge", “Amazing” “Wonderful”, "I was always looking for an opportunity to hear Nir Duvdevani and up until now I had never heard him speak, "Who would have believed that there would be a platform where potential customers would have to stand in line?"
In case you didn’t know, Robin has a new and very talented CTO.
Jonathan Wax, has a wealth of experience and previously founded and served as vice president of technology for mobile medical platform solutions. He was also the chief software architect of software consulting firm Prodware Israel and also managed a San Francisco start-up in the SAAS sector. We salute his abilities and rich experience.
Mr. Wax will lead Robin's development team and will also be responsible for piloting Robin's technology to meet the new market challenges.
We are proud to have Jonathan join our team
Jonathan is a technology leader, mentor, and first-rate expert in the corporate software and startups market. With more than 15 years of proven success in software used by the world's largest companies, we are proud to welcome him to Robin. Aren’t you proud too?
February 2019
One of Robin's most important principles is to allow his users to be more independent in the world of financial savings and insurance. From now on you can perform different actions 100% independently and digitally through the application.
Purchase health insurance suitable to your needs
Update personal information and risk level to get personalized recommendations
Upgrade pension, provident and study funds with Robin's recommendations
Want to know how?
Sign in to the app and start saving >> http://onelink.to/robin
In the wonderful article by Calcalist, various CEOs spoke about the most significant meeting they had in 2018. The meeting that changed 2018 for Robin was with Ohad Cohen of EY. After this meeting, Robin's opportunities only grew and the partnership between the two companies began!
Read the full article >> https://bit.ly/2Bfs1x2
Robin has been chosen to take part in the delegation of entrepreneurs and senior executives of Calcalist to Berlin!
Calcalist has launched a series of international conferences and the first is in Berlin, the capital of the most influential country in Europe in the fields of economy, finance, politics and culture.
At the conference, Robin participated in a series of discussions focusing on innovation, technology, economics, business relations between Germany and Israel and more. In addition, Robin met the most influential managers and opinion makers in Germany and Europe.
Robin as a service has launched
As from today, insurance agencies can also benefit from Robin's technology. New in Robin! "Robin as a service" a service that enables agencies to provide their existing and potential customers, with an advanced digital service branded by the agency's logo so they can easily access their financial and insurance information. In addition, the service provides a desktop interface for the agency to track the progress of their clients.
Robin is excited about the first company that will soon enjoy the new service. The service is designed to serve insurance companies, insurance agencies, and the largest banks in Israel.
December 2018 B
Just before the end of our crowdfunding campaign, we are inviting each and every one of you to become shareholders in Robin and join our success!
Last 3 days to join >> https://bit.ly/2EKkn03
Efrat Nomberg Yunger from Mako consumerism tells Dror Globerman about all the secret applications that will save you thousands of shekels, led by the Robin app.
Watch the full item >> https://youtu.be/GGmhq7fBdc8
A fascinating opinion column by Yossi Yarkoni, about the public's readiness to accept new products that better manage their long-term savings in an easier and much simpler way than today.
Read the full column >> https://www.maariv.co.il/business/tech/Article-676742
In addition to over 200 experts, who support and provide financial services to Robin's users seeking advice, joining Robin, we have started marketing Robin-as-a-service for leading insurance agencies interested in providing their customers with Robin’s digital service under their own brand.
Read more about Liran Zohar, Robin's VP of Insurance, presentation at the Adif conference this month >> http://www.anet.co.il/Dev2Go.web?id=412915&sNewsID=38325
For more details, you're welcomed to email Yarden Cohen, Customer Relations:Yarden@robinhoodpro.com
Don’t worry, there are 2 days left to invest and take part in the digital revolution of the pension & insurances fields! And even get tax refunds.
Investments can be made easily through >> https://bit.ly/2EKkn03
December 2018 A
We invite you to hear how Robin managed to create his miracles in an interesting evening. We will present our future plans, show Robin's new offices, enjoy sufganiyot and light a candle!
After all, it's Chanukah, the festival of light.
Event registrationEvent Facebook registration
If I told you that you did not have to pay income tax, you would ask what the catch was, right?
Recently there was an amendment to the "angle law" that allows anyone, a business owner, an independent or a salaried employee to invest in a technology company and receive income tax back, yes you heard right. The investment in a "target" company is considered as a fully recognized expense and thus entitles a tax refund to the investor's marginal tax rate, for example, If you invest 10,000 NIS, you can receive up to NIS 4,000 in tax refunds (A target company = a company in which at least 75% of its expenditure is for R&D).
Robin is defined as a "target company" and that's why we launched a campaign to encourage the love for the Israel tax authority in order to inform the public that the state allows everyone to invest in "target companies", thereby reducing tax payments,
We would like to thank everyone who took part and contributed to the campaign, thanks to you we can continue the digital revolution in Israel and continue to inform the public about its basic rights in the financial field.
Do not miss the returns you deserve! For more details.
* The information presented is partial and concise and is subject to all information presented on the site
Get a glimpse of the campaign's activity
On 19.11.18, we participated in the annual Fintech Aviv blockchain event. The evening revealed the latest trends and exciting developments in the field. During the evening we were hosted as key speakers in the FinTech world and presented how Robin uses Blockchain to effectively influence the financial industry in Israel and the world. Robin thanks Fintech Aviv for the opportunity to share his work and talk about his Blockchain system!
On 12.11.2018, a major article was published in Yedioth Ahronoth newspaper about a new Robin venture. In recent years, the State of Israel and the Authority for Innovation have flooded the "lost money problem" - funds belonging to the workers' public, but have never actually reached them - an astronomical sum of NIS 24 billion. As a result, the State has budgeted projects that will meet the challenge through the Israel Digital Project of the Authority for Innovation at the Office of the Chief Scientist. Robin has developed a unique technology platform that solves the challenge of lost funds through a platform based on the Blockchain system. The name is RobiNet and its development is in advanced stages.Read the full article >>
Are you familiar with the largest Israeli InsureTech conference, the Journey?
We were there! On 16.10.18, we attended a conference of Ernst & Young and presented Robin's vision for the coming years. For the first time, we exposed RobiNet, a platform based on Blockchain to manage and streamline monthly deposits of employers, which puts an end to the public's lost funds.
Robin is growing, expanding and developing new products with innovative technologies based in Blockchain, extending arms to overseas countries and already helping more than 150,000 people using the Robin application in Israel. Robin is a company recognized by the Israel Science and Technology Authority (the Chief Scientist) and enjoys the support of millions of shekels a year. The company is a target company whose investment is recognized according to and subject to the angel's law as a tax-deductible expense already in the year of the investment.
The investments will continue to develop the company's products whose sole purpose is to solve financial market failures:
1. Further development of the Robin application and the addition of features for the benefit of the public.
2. Development of a system for efficient management of monthly employers' deposits to prevent the loss of saving money (RobiNet, based in Blockchain).
3. Marketing a digital pension management system for insurance agencies in the White Label format.
Interested in joining the investment, the full details are here.
November 2018
Within a few days, we raised over 1 million NIS from the public!
Anyone who is interested can to join us here.
Investments starting from 500 NIS in return for shares in the company.
A year ago, the Capital Market Authority and the insurance company initiated a Hackathon conference and invited technology companies to solve various challenges. During the conference, the Authority presented a challenge called "the lost money problem" - funds belonging to the workers', but in practice never reached them - funds in the amount of NIS 24 billion.
In order to solve the problem, the State of Israel provided a sum of money through "Digital Israel", the Authority for Innovation and the Office of the Chief Scientist.
A week ago, the Authority for Innovation granted Robin NIS 3.6 million to build a technological venture that will solve the challenge of lost funds. We are already in the process of developing the platform, based in Blockchain, called RobiNet.
In order to implement the solution, we joined forces with the business consulting firm Ernst & Young, which will perform qualitative controls on the money transfers, and we have signed an agreement with Ness Technologies to assist in integration with the insurance companies and the banks.
Robin, not a bad investment?
Days and nights, nights and days, Robin's team of designers worked to create a new brand for Robin. Now not only is Robin smart but he is so beautiful!
The thought behind the new branding was to create a sense of security among existing users and potential users, a powerful robot with a secure system that will enable them to manage their pension in a safe and pleasant manner.
On October 9th, 2018 we participated in Leumi Card's prestigious start-up competition in cooperation with Piplebiz. Of the thousands of companies that were nominated, we were chosen to be among the five companies competing in the competition.
Although we did not win the prize, we were privileged to present the company's work in the last two years, along with our plans for the future. And the future is bright and glamorous.
Robin is in the midst of developing two systems based in BlockChain technology, one is RobiNet - a platform for managing and streamlining monthly deposits of employers and the other is Flexiloan - a platform for managing student loan repayments in the US market.
Exciting!
Would you like to stop paying taxes? Here is your chance!
The Israel Tax Authority approves investment in technology companies instead of payment of income tax and Robin is open for investments!
If we told you that you do not have to pay income tax, you would ask what the catch is? In Israel, a law was passed a few years ago called the Angel Law, which allows anyone, a business owner or an independent person to invest in a "target" company, a company with at least 75% of its expenses are for research and development. There are 120 of them in total in Israel, and their list can be found on the Chief Scientist's website. Now watch out, here comes the wow effect!
According to the Angle law, the amount of an investment can be chosen and the investment is considered as a recognized expense, meaning that it is possible to receive a 100% exemption from income tax. Instead of money going to the IRS, as usual, the investor gets holdings in a technology company and earns twice! In other words, the state of Israel allows us to take the income tax that it is supposed to be paid and enables us to buy shares in technology companies. Not only is the tax not lost it stays in the business through stocks. Robin is defined as a target company and is now in a mass fundraising campaign - you have the opportunity to invest in Robin and receive an income tax exemption.
Why invest in Robin?
Because the state believes in us, we recently received a grant of $1 million to set up the RobiNet system that will prevent erroneous deposits and errors of not allocating funds of savers, as is the case today, reaching NIS 6 billion each year and also because we are one of only 120 companies that the state itself thinks should be invested in.
With the raised finances we will continue to develop the company's products whose sole purpose is to solve financial market failures:
1. Further development of the Robin application and the addition of features for the benefit of the public.
2. Development of a system for efficient management of monthly employers' deposits to prevent the loss of saving money (RobiNet, based in Blockchain).
3. Marketing a digital pension management system for insurance agencies in the White Label format.
It's time to invest! Full details here
October 2018
Launch Robin app version 2.0 in the application stores
Something new is coming over Robin!
Robin will be getting completely re-branded by the end of October, tune in to Robin's Facebook page to get the latest and greatest on this.
Robin launched a revolutionary new service called Robin Gate - white label Robin service. The service enables insurance agencies and companies to acquire a license to use the internet service and adapt Robin's mobile service to their brand and business methodology. Read the full article>>
The main news channel of Israel featured a study by Robin! The study found that the income gaps between men and women are unattainable, 35% difference between men and women. In addition, the study should that men making minimum wage will receive a pension of 10,992 ₪ per month unlike women that will receive a pension of 5,986 ₪ per month at retirement age, a difference of more than 83% which is incomprehensible. The study showed that this phenomenon is happening due to women making lower salaries, working less hours and retire 4 years earlier than men.
Additional aspects of the study presented the differences in pension saving between geographical locations in Israel, for example pension savings for Tel Aviv residents are higher by 145% than Be’er Sheva residents which is unbelievable especially due to the fact that the salary’s in Tel Aviv are only 20% higher than Be’er Sheva. view the full article >>
Reshet B interview
Robin’s CEO, Yossi Yarkoni, was interviewed on a radio show for Reshet B. in the interview Yossi presented the pension gaps between men and women, a study that was conducted by the Robin group.
Click here to listen to the interview
Galei-Tzahal interview
Yossi Yarkoni was interviewed on the economic program of Galei-Tzahal. In the program Yossi explained how each one of us can manage our pension correctly for the long term and even disclosed with the listeners how to double their pension in 3 simple steps.
Click here to listen to the interview
In preparation for the launch of version 2.0 Robin conducted a pre-launch bugs party in August 22nd, 2018. The party took place at the company’s southern office at the Sha’ar Hanegev Startup Hub. The attendees were college students, young people and additional people from the nearby area.
The party was a mini launch of the new version and the main purpose was to view how people interact with the app and what glitches and bugs did they encounter while using the app. During the event participants enjoyed an amazing presentation on pension management and refreshments through the event. The bugs party also included a contest between the participants - whoever found the most bugs during the party won a gracious prize. Our first-place winners where highschoolers from the high school of Sha’ar Hanegev.
August 2018
We were incredibly excited to host senior US Embassy officials in our southern office and present Robin's work in the field of pensions in Israel and expose them to Robin's operational plans for solving student loan debt in the US through block-chain technology. The officials showed great interest and excitement regarding the activity Robin plans on embarking in the USA in 2019.
On June 24, 2018, Yossi Yarkoni, Robins CEO participated in the prestigious Fintech Junction conference as a keynote speaker. During his speech, Yossi shared the progress Robin has made over the last year, such as the success of exceeding over 100,000 users, the success of Robins’ Dynamic Loan recommendations, and a preview of the forthcoming ‘autonomic pension’. Following review of the past year’s progress, Yossi presented the journey we plan to embark on in the upcoming year with the ‘Flexiloan’ product. This product aims to solve one of the biggest market failures in the United States of America – student loans. The ‘Flexiloan’ product will offer recent student’s savings by providing multiple loan sources and flexible repayment options.
On June 12th, 2018, Yossi was interviewed on the morning show Opening the Day on channel 13. During the interview Yossi presented a new ground-breaking component in the Robin app, which is designed to prevent multiple overlapping health insurances for an individual. In addition, the new component will display any lack of insurance coverage needed for the user, which will be a significant and even lifesaving aspect for certain individuals.
The team is growing
Robins' executive team has hired 3 new programmers (1 backend & 2 frontend), a social media manager, a QA expert, a part time administrative secretary and 2 American interns. The new employees have joined a well-oiled team of engineers, user experience experts, pension and insurance experts, customer service personnel, and executive officials such as the CEO, product and marketing manager, and CFO.
Good luck to our new employees!
© 2015 RobinHood Group, Inc.
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