Israeli payments company Credorax Inc. is looking to raise at least $200 million in an initial public offering to fund its expansion, chief executive officer Igal Rotem said in an interview.

The Herzliya, Israel-based startup, which developed software that helps clear cross-border e-commerce transactions, will choose by the middle of next year whether to list on NASDAQ or the London Stock Exchange, Rotem said. Goldman Sachs Group Inc. is advising it.


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