The Olam

Capital & Finance · 40 stories · Updated Sep 11, 2026

Fintech & Public Markets

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

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Who Owns the Tel Aviv Stock Exchange? Manikay Holds 14.5%Lead story
Fintech & Public Markets · Sep 16, 2026, 9:00 AM EDT

Who Owns the Tel Aviv Stock Exchange? Manikay Holds 14.5%

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 in 2019.

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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.

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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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Delek Group: Energy and the Broader Portfolio
Fintech & Public Markets · May 26, 2026, 6:41 AM EDT
Delek Group: Energy and the Broader Portfolio

Delek Group (TASE: DLEKG) is a complex Israeli holding company. Its energy core is anchored by Tamar and Leviathan, with a broad portfolio.

Israel Discount Bank
Fintech & Public Markets · Jun 7, 2026, 4:55 PM EDT
Israel Discount Bank

Israel's #3 bank. Founded 1935 by Leon Recanati (Salonika). FY2025 net income NIS 4.14B, ROE 12.6%. CEO Avi Levi. IDB Bank (US), Mercantile Discount (…

Moon Active and Coin Master: The Social-Casino Blur
Fintech & Public Markets · Jun 6, 2026, 10:00 AM EDT
Moon Active and Coin Master: The Social-Casino Blur

Moon Active is Israel's largest privately held gambling-adjacent company. Coin Master crossed $6 billion in lifetime revenue on $10 million in primary…

Fintech & Public Markets · Aug 20, 2026, 2:13 AM EDT
Hippo Holdings: The Israeli-Founded Insurtech

Hippo Holdings (NYSE: HIPO). Founded 2015 by Assaf Wand and Eyal Navon. Technology-native home insurance platform. CEO Rick McCathron. Q2 2026 net inc…