The Olam

Fintech & Public Markets

Israeli fintech — payments, banking infrastructure, capital markets technology, insurtech, blockchain, the 2025 IPO reopening.

64 storiesUpdated May 22, 2026

Latest in Fintech & Public Markets

64 stories
Melio: The Xero $3 Billion AcquisitionLead story
Fintech & Public Markets · Aug 6, 2026

Melio: The Xero $3 Billion Acquisition

Founded 2018 by Matan Bar, Ilan Atias, Ziv Paz. $683M raised. Acquired by Xero for up to $3B (June 2025). B2B payments platform for 80,000 US small businesses.

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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.

Israeli Fintech & Public Markets — The Olam Reference

Articles

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Fintech & Public Markets · Jun 12, 2026
How the TASE Changed Since Demutualization

From member-owned exchange to publicly listed operator. The 2017–2019 transition reshaped Israeli capital markets infrastructure.

Fintech & Public Markets · Jun 11, 2026
Why Israeli Companies Still Dual-List

Nasdaq for valuation. TASE for inclusion, distribution, and tax. The economic logic of why Israeli growth companies maintain both listings.

Fintech & Public Markets · Jun 18, 2026
The TASE Beyond the Nasdaq Story

Israeli technology lists on the Nasdaq. The rest of the Israeli economy lists on the TASE. Here's what's actually there.

The Olam in Six Pieces
Fintech & Public Markets · May 31, 2026
The Olam in Six Pieces

A publisher's note from Ronn Torossian on where to start with The Olam, what we're building, and why it matters now. Six pieces across the live site t…

The Israeli IPO Class of 2027
Fintech & Public Markets · Jun 11, 2026
The Israeli IPO Class of 2027

Armis, VAST Data, Cato Networks, Snyk, Rapyd, Lendbuzz, and the rest. The Olam Annual Franchise — ranking the private Israeli companies most likely to…

The Big Six: Inside Israel's Law Firm Oligopoly
Fintech & Public Markets · Jun 12, 2026
The Big Six: Inside Israel's Law Firm Oligopoly

Six firms — Herzog, Meitar, Goldfarb, Gornitzky, Arnon Tadmor-Levy, Naschitz Brandes — sit on top of substantially every significant Israeli M&A, IPO,…

JFrog
Fintech & Public Markets · Jun 21, 2026
JFrog

JFrog (Nasdaq: FROG) — Netanya-founded DevOps platform that productized the modern software supply chain; the listed flagship of the Israeli developer…