07 December 2023

FinTech startup Pontera raises $60mn

Written By FinTech Alliance

FinTech startup Pontera raises $60mn

Pontera, formerly known as FeeX, has successfully secured $60 million in a fundraising round completed last month.


In brief:

- Investment firm ICONIQ Growth led the funding

- The company has raised a total of $160 million including the latest round of funding. It also counts Blumberg Capital and Lightspeed Venture Partners as backers

- The company is estimated to be valued at over $550 million after this recent raise


What does this mean?

FeeX started out as a company that enabled the comparison of commissions and management fees in pension funds. Its new name Pontera comes from the Latin “pont,” meaning “bridge,” and reflects the company’s aspirations to create a bridge between individuals and pension advisors. Under this new model Pontera has increased its workforce to 220 employees, 65% of which are based in Israel. Pontera's CEO Yoav Zurel oversees operations from New York. The recent funds will support hiring 50 additional employees in Israel, following the recruitment of 100 worldwide in the past year.


Read more here.

Up Next ...
23 February 2024

Zilch launches 'Pay over 3 months' BNPL product

The new product has already been made available to around ...

23 February 2024

TD Bank introduces Tap

Tap is used to Pay small businesses on iPhone.In brief:- ...

23 February 2024

Napier AI raises £45mn in Funding

The company intends to use the funds to accelerate its ...

22 February 2024

Former Virgin Money CEO appointed to chair Ozone API’s Board

Dame Jayne-Anne Gadhia selected as new Chair of the Board ...

More in Investment

FinTech-focused Canapi Ventures raises $750mn

07 December 2023

Fund II represents a 15% increase in funds and a ...

Wayflyer hits monthly profitability

28 November 2023

A month after securing a $1bn debt funding line, Irish ...

Crezco raises $12m Series A and partners with Xero

23 November 2023

Crezco, a UK payments fintech, has raised a $12m funding ...

Barclays invests in WealthOS

23 November 2023

Barclays has led a £2 million seed funding round for ...

White Papers Investment

Investment vehicles in private markets

17 November 2023

How investment vehicles are revolutionising private markets and bridging the gap in democratisation...

White Papers Investment

The Three-Body Problem: Finding the New Stable Points in Venture Capital

12 June 2023

William Edwards Deming once famously said, “It is not necessary to change. Survival isn’t mandatory....

White Papers Investment

FT Partners Quarterly FinTech Insights

12 June 2023

FT Partners’ FinTech Insights Reports are published on a quarterly basis, along with a comprehensive...

Articles Investment

Innovate Finance on: 2022 Summer Investment Report

19 July 2022

In the first half of 2022 total capital invested in FinTech globally reached $59bn – flat year-on-ye...

There are no Events in this category