Fintech & Public Markets · Jun 11, 2026, 2:00 AM EDT
Why Israeli Companies Still Dual-ListNasdaq for valuation. TASE for inclusion, distribution, and tax. The economic logic of why Israeli growth companies maintain both listings.
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 MapLatest in Fintech & Public Markets
40 stories
Lead storyFintech & 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.
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.
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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.
Topics
Deeper coverage tracks inside Fintech & Public Markets
Topic
TASE & Secondary Listings
The Tel Aviv Stock Exchange and secondary listings: why Israeli companies list at home, abroad or both, and what each ch…
Topic
The NYSE
Listed Israeli Universe: Teva, ZIM, ICL
Topic
Payments
Israeli companies move money across borders and process purchases, with merchant services and fraud controls shaping how…
Topic
Insurtech
The Israeli businesses selling digital insurance and the software behind it, from pricing risk to processing claims.
Topic
Dual
Listing Architecture: Primary, Secondary, ADR Structures
Topic
Capital Markets Tech
The Israeli software businesses serving financial markets, and how they win customers among exchanges, banks and investm…
Reference and analysis
Long-form reference entries in Fintech & Public Markets
- The Digital Shekel — The Design Choices That Matter
The Bank of Israel's digital shekel program is among the most advanced CBDC efforts globally. The design choices being f…
- The 2025 Israeli IPO Cycle: eToro, Navan, Via, and the Public-Markets Reopening
- eToro's $4.3 Billion Nasdaq IPO: The May 2025 Listing
- The TASE 35: Sector Weight, Composition, and the Israeli Large-Cap Public-Equity Architecture
- The Major-Cap Israeli Public Equity Universe: How Israeli Market Capitalization Distributes Across Nasdaq, NYSE, and TASE
- Navan's $6.21 Billion Nasdaq Listing: The October 2025 IPO
Israeli Fintech & Public Markets — The Olam Reference
Articles
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Fintech & Public Markets · Jun 2, 2026, 3:00 AM EDT
Cal Buys Grow: Inside Israel's 200 Million Shekel Fintech DealCal — Israel Credit Cards — is acquiring Grow Payments Ltd. for roughly 200 million shekels. The first major move by new Cal CEO Yafit Griani and the…
Fintech & Public Markets · Apr 3, 2026, 8:00 PM EDT
The TASE 35: Israel's Large-Cap IndexThe TASE 35 index — the benchmark Tel Aviv Stock Exchange large-cap index — concentrates Israeli public equity across banking, energy, real estate, te…
Fintech & Public Markets · Jun 28, 2026, 8:02 PM EDT
Nova Ltd.Nova Ltd. (Nasdaq: NVMI) — Rehovot semiconductor metrology company; one of two Israeli public companies most directly exposed to the AI compute capita…
Fintech & Public Markets · Jun 22, 2026, 2:13 AM EDT
Global-E Online (Nasdaq: GLBE): Israel's Cross-Border Commerce PlatformGlobal-E Online (Nasdaq: GLBE) reported $1.74 billion GMV and $252 million revenue in Q1 2026. This Israeli cross-border e-commerce platform is a Shop…
Fintech & Public Markets · Jun 25, 2026, 2:13 AM EDT
Nayax (Nasdaq: NYAX): Israel's Unattended-Retail Payments PlatformNayax (Nasdaq: NYAX) — Herzliya payments-and-management platform for unattended retail. Q1 2026: $106.9M revenue (+32%), 1.5M+ connected devices acros…
Fintech & Public Markets · Jul 13, 2026, 1:30 AM EDT
Why Israeli Startups Use Singapore as Their Gateway to AsiaCommon law in English, a fintech-forward regulator, a real tax treaty, diplomatic neutrality, and direct-flight coverage of the region — Singapore is…
Fintech & Public Markets · Jun 24, 2026, 2:13 AM EDT
Kornit DigitalKornit Digital (Nasdaq: KRNT) — Rosh HaAyin industrial digital printing company; the institutional Israeli brand in on-demand apparel manufacturing, n…
Fintech & Public Markets · Jun 7, 2026, 4:56 PM EDT
Bezeq: The Telecommunications Infrastructure Behind the Israeli Tech EconomyBezeq operates the Israeli national telecom infrastructure. Privatized through the 1990s and 2000s. NIS 9B in annual revenue. TASE-listed under BEZQ.…