Successful in the issuance of the fintech blender company, the company won significant over-demand in the public tender from local and foreign investors. The company chose to increase the raising to NIS 80.5 million.
After raising NIS 55 million in the institutional phase, the company raised an additional NIS 25.5 million in the public phase. The company’s IPO was led by the underwriters Poalim IBI, Epsilon, and Active, the IPO consultant was Radhan.
Dr. Gal Aviv, CEO of Blender: “The high demand and investors who participated in the IPO from Israel and abroad reflect the great trust that Blender has in its activities in the field of fintech and the recognition of the company’s significant capabilities in the worlds of consumer credit in Europe and Israel.”
According to Aviv: “Raising the capital from the offering will help us continue our growth targets in Europe and Israel. We are in significant growth stages in European markets and in the process of turning the company into a pan-European digital bank for deposits and credit.
In Israel, too, the company continues its growth trend. We are establishing the credit sector at points of sale, which is a means of payment in a variety of chains and areas.