
Manikay Partners holds about 14.5% of the Tel Aviv Stock Exchange after a 2025 buyback, and no one controls it. Who owns TASE and how it went public i…
Capital & Finance · 40 stories · Updated Sep 11, 2026
Israeli financial technology businesses are changing how money moves, while stock markets test their prospects and put a price on their growth.
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Israeli Fintech & Public Markets: The Complete Map
Lead storyManikay Partners holds about 14.5% of the Tel Aviv Stock Exchange after a 2025 buyback, and no one controls it. Who owns TASE and how it went public in 2019.
Read →Israeli fintech ran the largest public-markets year of the post-pandemic cycle.
Per Calcalist, three Israeli tech companies completed IPOs in 2025 — Via, eToro, and Navan. Per Ynet, eToro debuted on Nasdaq on May 14, 2025 at a $4.3 billion offering valuation; the stock rose nearly 29% on its first trading day. Per Calcalist and Reuters, Navan listed on Nasdaq on October 30, 2025 under ticker NAVN, raising $923 million at an implied $6.21 billion valuation.
The wider funding architecture moved alongside. Per Startup Nation Central, Wix and Check Point both raised through convertible bond offerings — Check Point's first capital raise since its IPO three decades ago. Combined public-market activity contributed roughly $10.3 billion to Israeli companies in 2025.
The exchange itself reorganized. Per Globes, the Tel Aviv Stock Exchange completed a NIS 350 million secondary offering in January 2024. Bill Ackman and Neri Oxman acquired a 4.9% stake for approximately $25 million. Foreign investors now own more than half of TASE. The Palo Alto Networks–CyberArk transaction added a high-profile dual-listing precedent: per Palo Alto Networks investor releases, the company plans a secondary TASE listing under ticker "CYBR."
Underneath the listings sits a deep private fintech stack — payments, B2B finance, insurtech, blockchain, and embedded finance. Pagaya, Lemonade, Payoneer, and Forter are public; Rapyd, Melio, Tipalti, Bluevine, and StarkWare are private. Per Beinsure data, StarkWare alone holds an $8 billion valuation as the leading Israeli blockchain and zero-knowledge cryptography company.
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Manikay Partners holds about 14.5% of the Tel Aviv Stock Exchange after a 2025 buyback, and no one controls it. Who owns TASE and how it went public i…
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