Fintech startup Pontera raises $60 million, plans more hiring in Israel

Fintech startup Pontera raises $60M in funding led by ICONIQ Growth, bringing its total funding to $160M. Its valuation is now over $550M. Pontera’s platform is used by financial advisers like Dynasty Financial Partners and SageView Advisory Group to manage retirement accounts. The company’s annual revenue has quadrupled since 2021. Pontera, headquartered in New York, has 220 employees, 65% of whom are based in Israel. The funding will be used to invest in product and engineering, including hiring 50 more employees in Israel. 401(k) plans in the US hold $7.3T in assets.