Phil Weisberg Departs OneZero After Five Years Of Service

Phil Weisberg, the founder of FXAll, has left OneZero Financial Systems, where he worked as the EVP of Strategic Planning and Partnerships for five years. In mid-2018, he started working with OneZero as a Strategic Advisor but became part of the executive team a year later.

Weisberg shared in a LinkedIn post that he is thankful for the chance to spend five years helping OneZero grow into a strong, technology-first company.

Weisberg Will Now Focus On Growing Investments Through Matzliach Capital

He added that while there, he felt proud to work with the executive team to help the firm get its first outside funding and build a data and analytics business. Weisberg said he is happy to have helped the company introduce its technology to institutional markets, grow its team, and improve its business practices in areas like strategy and policy.

The funding Weisberg referred to was provided by him and Lovell Minnick Partners in mid-2019. However, none of the parties shared the exact amount. Last year, OneZero also got more funding from Golden Gate Capital and Lovell Minnick Partners.

After leaving OneZero, Weisberg will concentrate on expanding his investments through Matzliach Capital, a company he created in 2017. Matzliach Capital has invested in companies like OneZero, Overboard, B2C2, Cadence, and others.

Weisberg explained that looking ahead, he wants to grow his investment portfolio to include resilience technology. This is because he sees similarities between its progress and how financial markets evolved electronically early in his career. He added that he will also keep focusing on financial technology companies that serve wholesale markets.

Weisberg Wants To Support Entrepreneurs Who Strengthen Western Economies

Weisberg began his journey in the institutional forex trading sector in 1989 with a job at JPMorgan, where he worked for 12 years, eventually becoming a Managing Director. He established FXAll and led it for around 11 years until it was sold to Thomson Reuters in 2012. After the sale, he joined Thomson Reuters and stayed there for four years.

He highlighted that Israel’s legacy of innovation, shaped by necessity, shows how entrepreneurs can succeed even in tough situations. He said recent events underline the need for technology that can actively tackle current threats, stop future conflicts, and avoid the need for rebuilding.

While donations for reconstruction and fighting global antisemitism are important, he stressed that progress in technology is key to long-term safety and strength.

He also pointed out that while the traditional defense industry is skilled at handling big, complex projects, working with smaller, focused teams is just as important. These teams quickly create and adjust new technologies alongside those protecting freedom. Weisberg added that he is committed to backing bold entrepreneurs who aim to develop these tools and make Western economies stronger against new dangers.