Pontera Overview
Pontera provides technology that allows financial advisors to manage held away accounts on behalf of their clients as part of their overall portfolio without taking custody of the accounts, enabling advisors and investors to work together on a personalized, holistic plan. Pontera serves thousands of financial advisors from all types of advisory practices, ranging from single-person advisory firms to some of the worlds largest financial institutions.
Cumulative Funding Raised Over Time ($)
$3.0MAug 2013
$9.5MAug 2014
$69.5MDec 2023
$90.5MJan 2021
$99.0MMay 2020
$169.0MNov 2021
$171.8MSep 2015
Latest News
Fintech startup Pontera raises $60 mln, plans more hiring in Israel
growth-positive
Fintech company Pontera raises $45 million, changes name from FeeX CTech
Fintech company Pontera, formerly known as FeeX, has announced a $45 million funding round led by Lightspeed Venture Partners. This is the companys third funding round in a year-and-a-half, bringing its total funding to date to $80 million. Pontera has undergone a pivot in recent years and has seen significant revenue growth, reaching annual revenue in the tens of millions of dollars. The company plans to recruit an additional 150 employees, with half of them in Israel. Ponteras solution allows financial advisors to manage their clients held away accounts securely and compliantly. The funding will support the companys expansion and growth.
InvestmentExpand
growth-negative
Here's what the average American typically pays in 401(k) fees
The article discusses the fees associated with employer-sponsored 401(k) plans and highlights the lack of understanding among investors regarding these fees. It states that almost all 401(k) investors pay fees, with the average all-in cost being 0.45% of the total invested assets. The article emphasizes the importance of understanding these fees and suggests talking to HR or plan managers to lower costs. It also discusses the options for managing a 401(k) when leaving a company. The article advises against cashing out and recommends rolling over the funds into an IRA if the current plan has high fees. The article encourages gaining visibility into 401(k) plans to make the most of retirement savings.
Customers
Growth-Positive
FeeX Review: How To Pay Less In Investment Fees With FeeX
FeeX, a company that provides a free service for analyzing investment fees and suggesting less costly alternatives, has been acquired and rebranded. The companys software connects to users investment accounts, analyzes their holdings, and provides recommendations for similar investments with lower fees. The article praises FeeX for its transparency, comparisons, and free information, stating that there is currently no better solution for optimizing a portfolio for fees.
AcquisitionCustomers
growth-positive
Events Detail
The article is about a webinar hosted by FeeX on their Held Away Order Management System (OMS). The OMS allows advisors to manage and trade any held away account just like they do with custodied accounts. This helps advisors stay in compliance with financial regulators and provides a more comprehensive management approach. The webinar aims to unlock new revenues for advisors while providing a higher level of service to clients. FeeX is a company that provides mission-critical platforms for financial professionals and their clients. They work with RIAs, BDs, Custodians, and Record-keepers, including many large financial institutions. David Goldman, the Vice President of Business Development at FeeX, leads the expansion of the FeeX platforms to advisory firms and partners.
PartnersCustomers
| Sector | Fintech & Insurtech |
Funding
| Total funding | $171.8M |
| Last funding | $60M |
| Stage | C |
| Rounds | 7 |
| Investors | 9 |
Team Members
4
Employees: 201-500
Web & Social Links
| Website | pontera.com |
| Careers | Careers page |
Locations
Maskit 22, Herzliya, Israel
111 W 33rd St, New York, NY 10120, USA
Photos & Videos
1 item(s)
Pontera Business
Business models
B2B2C, B2B
Product stage
Released
Employees
201-500
Sector
Fintech & InsurtechPersonal Finance ManagementTrading & InvestingTarget Customer
Financial ServicesFinancial InstitutionsBrokerageInvestment & Portfolio ManagementFund ManagementFinancial ProductsCore Technology
Data StorageCDNPlatforms & InterfacesArtificial IntelligenceMachine LearningTags (6)
investmentspersonal-financeprice-comparisonfintechinsurtechtrading-and-investingGeographic Markets
United StatesIsraelPontera Financials
$171.8M
Total funding
Undisclosed
Capital raised
$60M
Last funding
C
Funding stage
7
Total rounds
9
Investors
Cumulative Funding Raised Over Time ($)
$3.0MAug 2013
$9.5MAug 2014
$69.5MDec 2023
$90.5MJan 2021
$99.0MMay 2020
$169.0MNov 2021
$171.8MSep 2015
Private Equity Funding
C Round
Dec 2023
$60M
ICONIQ Growth (Lead)
,
Lightspeed Venture Partners, Blumberg Capital
B Round
Nov 2021
$70M
Lightspeed Venture Partners (Lead)
,
Blumberg Capital, Hanaco Ventures, Hyperwise Ventures, The Founders Kitchen
A Round
Jan 2021
$21M
Lightspeed Venture Partners (Lead)
,
Hyperwise Ventures
Seed
May 2020
$8.5M
Lightspeed Venture Partners (Lead)
,
Hyperwise Ventures
Convertible Debt
Sep 2015
$2.8M
Collaborative Fund, Vikram S. Pandit
B Round
Aug 2014
$6.5M
Horizons Ventures, Blumberg Capital
A Round
Aug 2013
$3M
Blumberg Capital
Pontera Lifecycle
Cumulative Funding Raised Over Time
$3.0MAug 2013
$9.5MAug 2014
$69.5MDec 2023
$90.5MJan 2021
$99.0MMay 2020
$169.0MNov 2021
$171.8MSep 2015
All Events
C Round
Dec 2023
$60M
ICONIQ Growth (Lead)
,
Lightspeed Venture Partners, Blumberg Capital
B Round
Nov 2021
$70M
Lightspeed Venture Partners (Lead)
,
Blumberg Capital, Hanaco Ventures, Hyperwise Ventures, The Founders Kitchen
A Round
Jan 2021
$21M
Lightspeed Venture Partners (Lead)
,
Hyperwise Ventures
Seed
May 2020
$8.5M
Lightspeed Venture Partners (Lead)
,
Hyperwise Ventures
Convertible Debt
Sep 2015
$2.8M
Collaborative Fund, Vikram S. Pandit
B Round
Aug 2014
$6.5M
Horizons Ventures, Blumberg Capital
A Round
Aug 2013
$3M
Blumberg Capital
Pontera News
13 articlesFintech startup Pontera raises $60 mln, plans more hiring in Israel
growth-positive
Fintech company Pontera raises $45 million, changes name from FeeX CTech
Fintech company Pontera, formerly known as FeeX, has announced a $45 million funding round led by Lightspeed Venture Partners. This is the companys third funding round in a year-and-a-half, bringing its total funding to date to $80 million. Pontera has undergone a pivot in recent years and has seen significant revenue growth, reaching annual revenue in the tens of millions of dollars. The company plans to recruit an additional 150 employees, with half of them in Israel. Ponteras solution allows financial advisors to manage their clients held away accounts securely and compliantly. The funding will support the companys expansion and growth.
InvestmentExpand
growth-negative
Here's what the average American typically pays in 401(k) fees
The article discusses the fees associated with employer-sponsored 401(k) plans and highlights the lack of understanding among investors regarding these fees. It states that almost all 401(k) investors pay fees, with the average all-in cost being 0.45% of the total invested assets. The article emphasizes the importance of understanding these fees and suggests talking to HR or plan managers to lower costs. It also discusses the options for managing a 401(k) when leaving a company. The article advises against cashing out and recommends rolling over the funds into an IRA if the current plan has high fees. The article encourages gaining visibility into 401(k) plans to make the most of retirement savings.
Customers
Growth-Positive
FeeX Review: How To Pay Less In Investment Fees With FeeX
FeeX, a company that provides a free service for analyzing investment fees and suggesting less costly alternatives, has been acquired and rebranded. The companys software connects to users investment accounts, analyzes their holdings, and provides recommendations for similar investments with lower fees. The article praises FeeX for its transparency, comparisons, and free information, stating that there is currently no better solution for optimizing a portfolio for fees.
AcquisitionCustomers
growth-positive
Events Detail
The article is about a webinar hosted by FeeX on their Held Away Order Management System (OMS). The OMS allows advisors to manage and trade any held away account just like they do with custodied accounts. This helps advisors stay in compliance with financial regulators and provides a more comprehensive management approach. The webinar aims to unlock new revenues for advisors while providing a higher level of service to clients. FeeX is a company that provides mission-critical platforms for financial professionals and their clients. They work with RIAs, BDs, Custodians, and Record-keepers, including many large financial institutions. David Goldman, the Vice President of Business Development at FeeX, leads the expansion of the FeeX platforms to advisory firms and partners.
PartnersCustomers
FeeX 401(k) Fee Calculator Helps Break Down 401(k) Plan Costs - Ticker Tape
growth-positive
FeeX Launches New Product to Help Financial Advisors Comply With the New Department of Labor Fiduciary Rule Regarding 401k Rollovers and IRA Transfers
FeeX, a leader in automated financial account analysis, has launched a new product called FeeX for Advisors. This product is being used by Fortune 100 financial services companies to assist with compliance of the new Department of Labor (DOL) Fiduciary rule. The DOL rule requires financial advisors to provide a detailed analysis and comparison of fees and features from complex documents and disclosure forms. FeeX for Advisors automates and streamlines this compliance process, saving financial advisors valuable time. The platform allows for a side-by-side comparison of fees, features, past returns, and asset allocation. Thousands of financial advisors have already implemented the platform, including those at TD Ameritrade. FeeX is a FinTech company founded in 2012 and is headquartered in New York City.
Partners
FeeX: Helping people retire better Futures
FeeX Named Most Disruptive Fintech Startup
growth-positive
FeeX, Which IDs Hidden Fees In Financial Products, Scores $2.75M In Fresh Funding
FeeX, a service that detects hidden fees in retirement and savings accounts, has raised $2.75 million in new funding. This brings the companys total funding to $12.1 million. FeeX aims to save users money and increase transparency in the financial industry by identifying overlooked costs and presenting alternative financial products. The companys newest product is the 401K Rollover Center, which examines fees in inactive 401Ks and advises users on whether to keep the accounts open or roll them over. Collaborative Fund announced that Vikram Pandit, former CEO of Citigroup, has joined as an investor. FeeX plans to expand its product to identify fees in other financial services with Pandits expertise.
InvestmentExpand
growth-positive
FeeX's Rollover Center Helps You Decide What to Do With an Old 401(k)
FeeX has launched a new Rollover Center to help individuals decide what to do with their old 401(k) accounts. The service offers an analysis of fees, displays rollover options, shows the impact of fees over time, and provides direct links to start the rollover process. FeeX is a free service that helps individuals discover the fees associated with their investment accounts. The article emphasizes the importance of considering fees when deciding whether to keep a 401(k) account or roll it over into another retirement account. The service aims to help individuals make informed decisions about their retirement savings.
Customers
growth-positive
FeeX Raises $6.5M Series B To Identify Hidden Fees In Users' Retirement Accounts
FeeX, a service that helps users find and avoid hidden fees in their retirement accounts, has raised $6.5 million in Series B funding. The funding round was led by Horizons Ventures, bringing FeeXs total funding to $9.6 million. The startup uses algorithms to identify and reduce hidden fees in investment and retirement accounts. It currently has over 60,000 users with more than $1 billion in assets and has found $277 million in hidden fees. FeeX aims to disrupt the asymmetry of information in investment costs and provide an objective solution for consumers.
InvestmentPartners
growth-positive
Waze cofounder raises $3M for FeeX, the 'Robin Hood' of financial fees
FeeX, a startup that uses crowdsourcing to bring transparency to banking fees, has closed a funding round of $3 million led by Blumberg Capital. The platform analyzes financial data from the community to compare the amount users pay in fees and provides insights on how much they should be paying. FeeX aims to increase transparency in the financial industry and help individuals save money on fees. The company plans to use the funding to set up offices in New York City and expand its categories of fees. The pilot launch in Israel has already saved users over $2 million. The U.S. release is expected in a month or two.
Investment
Pontera Team
Employee Info
| Employees (range) | 201-500 |
| Exact count | 342 |
| Team members | 4 |
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Pontera Internal
Recent Updates
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| Registrar ID | 514814672 |
| Crunchbase | feex |
| Creator | David Weisz |
| Creator email | daweisz@gmail.com |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2023-12-07T00:00:00.000Z |
| Created | 2014-04-09T00:00:00.000Z |
| Claimed | Yes |