Pontera

Company Overview

Snapshot

Founded in June 2012 by Uri Levine, Yoav Zurel, and David Weisz, Pontera operates with 201–500 employees. The company has raised $171.8M across 7 funding rounds from 9 investors. In December 2023, Pontera secured a significant funding round with ICONIQ Growth participating as a lead investor.

Business overview

Pontera provides technology that enables financial advisors to manage held-away accounts for their clients as part of a comprehensive portfolio, without taking custody of these accounts. This allows advisors and investors to collaborate on personalized, holistic financial plans. The company serves a diverse range of advisory practices, from individual firms to large financial institutions, operating within the Fintech & Insurtech sector, specifically focusing on personal finance management and trading & investing.

Strategic signal

In December 2023, Pontera announced a $60 million funding round, signaling strong investor confidence in its active management solution for held-away accounts. This capital infusion is poised to support further hiring in Israel, indicating a strategic focus on expanding its operational and technological capabilities to meet growing demand in the fintech market.

Company Intelligence Q&A

What was a significant recent funding event for Pontera?

In December 2023, Pontera raised $60 million in a funding round, with ICONIQ Growth leading the investment. This funding is intended to support the company's expansion plans, including increased hiring in Israel.

When did Pontera last raise funding and who participated?

Lightspeed Venture Partners led this round, with participation from Blumberg Capital.

What was the company's previous name?

Pontera was formerly known as FeeX.

What was the focus of Pontera's new product launch in July 2017?

In July 2017, Pontera (then FeeX) launched a new product designed to assist financial advisors in complying with the Department of Labor's fiduciary rule concerning 401k rollovers and IRA transfers.