Pontera (from website)
Pontera, an Israeli fintech startup that offers a software platform to help financial advisers better manage retirement accounts, has now hit a valuation of $550 million. The new valuation came after Pontera raised $60 million in a fundraising round led by ICONIQ Growth.
Pontera has now raised a total of $160 million to date.
Meanwhile, fellow Israeli startup Sensorz raised $4.7 million in a Seed funding round for an AI-based wireless observability platform.
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Founded in 2021, Sensorz provides private wireless network users with performance monitoring capabilities to “ensure optimal and undisrupted operation.”
“We are excited to have notable investors working with us to expedite the development and delivery of this unique platform for a rapidly growing global industry,” said Meir Friedland, Co-Founder and CEO of Sensorz. “We believe the wireless private network market is just starting and our experienced team is set to execute our go-to-market strategy successfully.”
Founded in 2012 by David Weisz and CEO Yoav Zurel Pontera (formerly FeeX) boasts that it is revolutionizing wealth management by making it possible for financial advisors to actively manage 401K and other held away accounts. The Pontera solution enables advisors to manage and trade held away accounts, thus offering a “comprehensive, holistic service to their clients and unlocking greater financial outcomes for both advisors and their clients.” FeeX clients include Fortune 100 financial services firms, RIAs, broker-dealers and advisory firms of all sizes.
“This funding is not just an investment in Pontera; it’s an investment in the future of every U.S. worker striving for a secure and fulfilling retirement,” said Yoav Zurel, CEO of Pontera. “We are proud to partner with investors who recognize the nation’s looming retirement crisis and Pontera’s role in helping everyday families.”
Pontera also reported that it quadrupled its revenue since the firm’s last fundraise announced in February 2022. The company boasts that thousands of financial advisors are now leveraging Pontera’s platform to overcome operational hurdles to securely and compliantly manage 401(k), 403(b) and other retirement plan assets as a critical part of their clients’ wealth.
