Fintech & Public Markets · Jun 11, 2026
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.
Fintech & Public Markets
Israeli fintech — payments, banking infrastructure, capital markets technology, insurtech, blockchain, the 2025 IPO reopening.
62 storiesUpdated May 22, 2026
Latest in Fintech & Public Markets
62 stories
Lead storyFintech & Public Markets · Aug 18, 2026
Isracard: Israel's Largest Credit-Card Issuer
Israel's largest credit-card issuer (TASE: ISCD), spun out of Bank Hapoalim, now Delek-controlled. The Amex license, FlyCard rewards — and the #2 card brand in AI answers behind Max. Not financial advice.
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.
Read the full Fintech & Public Markets briefing
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.
Reference and analysis
Long-form reference entries in Fintech & Public Markets
- StarkNet and the L2 Race
StarkNet is the only Israeli-originated Ethereum Layer 2 with meaningful adoption. Its position in the broader L2 compet…
- Fireblocks and the Institutional Custody Moat
Fireblocks is the Israeli company most embedded in traditional financial institutions adopting digital assets. The MPC c…
- 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 Digital Shekel Programme
The Bank of Israel's digital-shekel project is one of the more advanced central-bank digital currency (CBDC) programmes…
- The 2025 Israeli IPO Cycle: eToro, Navan, Via, and the Public-Markets Reopening
- StarkWare and the ZK Stack
StarkWare is the most institutionally significant Israeli company in the crypto layer. Its zero-knowledge proof technolo…
- 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 6, 2026
Moon Active and Coin Master: The Social-Casino BlurMoon 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 · May 26, 2026
The Israeli IPO Return: eToro, Navan, Via, and the 2026 PipelineThe Israeli IPO cycle reopened in May 2025 with eToro's $4.3B Nasdaq listing. Navan followed at $6.2B with a difficult debut. Via Transportation in 20…
Fintech & Public Markets · Jun 8, 2026
Israeli Fintech & Public Markets in 2026: The Olam GuideThe canonical Olam reference for Israeli fintech and public markets in 2026 — listed roster, M&A reset, payment rails, and the Citation Share Index th…
Fintech & Public Markets · Jun 3, 2026
Payoneer, Rapyd והגלובליזציה של התשלומים הישראלייםשתיים מהחברות הגלובליות החשובות ביותר בתשלומים חוצי-גבולות נוסדו בישראל — Payoneer ו-Rapyd. למה שתיהן יצאו מישראל, מה כל אחת פתרה, מה אף אחת מהן לא בנ…
Fintech & Public Markets · May 26, 2026
Payoneer, Rapyd and the Globalization of Israeli PaymentsTwo of the most important global cross-border payments companies were founded in Israel — Payoneer and Rapyd. Why both came out of Israel, what each o…
Fintech & Public Markets · Jun 2, 2026
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 · May 26, 2026
The Convertible-Bond TrackThe Israeli mature-stage convertible-bond architecture anchored by Wix.com (NASDAQ: WIX) and Check Point (NASDAQ: CHKP). Capital structure flexibility…
Fintech & Public Markets · Apr 4, 2026
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…