Payment Financial Technologies

growth-positive

פיימנט, a fintech company, has raised approximately 24 million shekels through a private placement of locked stocks. The investment was led by Mor Gamal and Pension, along with other entities such as Pessagot, Noked Fund, Phoenix, and Arkin Gidor Fund. The stock price for the transaction was 5.05 shekels per share, reflecting a discount of about 10% compared to the closing price of the previous trading day. The funds raised will be used to implement the companys strategic plans, accelerate growth in operations and credit deployment, continue research and development of the companys core technology, expand credit frameworks and funding sources, improve profitability, and explore mergers and acquisitions in synergistic areas. The investors confidence in Paymant demonstrates their support for the companys business strategy as a leading BNPL payments platform in Israel.

growth-positive

Payment Technologies, an innovative fintech company established in 2014, has started trading on the Tel Aviv Stock Exchange. The company has developed a payment platform that offers a unique payment alternative to end customers, primarily banking and institutional corporations that purchase loans from the company automatically through the system. The platform is used by hundreds of businesses in various industries. The company has provided cumulative loans of over 200 million shekels and its revenues in the first half of 2021 amounted to nearly 3 million shekels. The company issued to the public about 21 million shekels at a company value of about 81 million shekels and today the companys market value stands at about 154 million shekels, a return of 113% on the package in the issuance.

growth-positive

פיימנט טכנולוגיות פיננסיות, a fintech company, has completed its initial public offering on the Tel Aviv Stock Exchange, raising 21 million shekels. The companys valuation is now 102 million shekels. The offering included shares and options, with participation from leading institutional bodies. The company has developed a buy-now-pay-later (BNPL) payment platform and operates in the consumer financing sector. The companys growth is driven by its unique business model and low default rates on loan repayments. The company has advanced technology, licenses, including an expanded credit license, and access to the credit database of the Bank of Israel. The IPO is seen as a significant milestone for the companys growth in the consumer financing sector.

growth-positive

פיימנט, a credit and payments platform, has developed a loan platform for businesses and is planning to go public on the Tel Aviv Stock Exchange. The company, which was founded in 2014, has accumulated losses of 9 million shekels but recently turned a profit. It provides loans as a payment method for various businesses and has partnerships with funding entities. The companys credit balance stood at 58 million shekels as of June, and it plans to double that amount by the end of the year. The CEO of the company is Uri Shokar, who has a background in the Israeli credit industry.