Payment Financial Technologies

Company Overview

Snapshot

Founded in December 2014 by Guy Yohanan, Payment Financial Technologies operates with 11–50 employees. The company has raised $13.92 million across three funding rounds and went public on the TASE in October 2021.

Business overview

Payment Financial Technologies develops PaymenT, a payment platform designed for businesses to offer credit as an alternative payment method. The company leverages novel technology, algorithm development, advanced credit risk analysis, and credit scoring to serve the Fintech & Insurtech sector, focusing on money transfer, management, lending, and financing solutions for both consumers and SMBs.

Strategic signal

In August 2022, Payment Financial Technologies raised 24 million NIS (approximately $7.4 million USD) in a private placement to institutional investors. This significant capital infusion demonstrates continued investor confidence in the company's growth trajectory and its payment platform, reinforcing its position in the competitive fintech market.

Company Intelligence Q&A

When did Payment Financial Technologies go public?

Payment Financial Technologies went public on the TASE in October 2021.

What was the capital raised in the August 2022 private placement?

In August 2022, Payment Financial Technologies raised $7.4 million in a private placement to institutional investors.

What is the primary product offered by Payment Financial Technologies?

Payment Financial Technologies develops PaymenT, a platform that enables businesses to offer credit as an alternative payment method.

Who is a co-founder of Payment Financial Technologies?

Guy Yohanan is a co-founder and CTO of Payment Financial Technologies.

What is the total funding raised by Payment Financial Technologies?

Payment Financial Technologies has raised a total of $13.92 million across three funding rounds.