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Monday, June 7, 2021
From the Liveblog of
Monday, June 7, 2021
Bennett said set to rake in $5 million from stock listing of fintech firm
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Yamina leader and Prime Minister-designate Naftali Bennett speaks at the Knesset, June 6, 2021. (Yonatan Sindel/Flash90)
Prime Minister-designate Naftali Bennett is expected to make a cool $5 million from his investment in American fintech firm Payoneer, Forbes Israel reports.
Bennett, a former tech executive, invested several hundred thousand dollars in the company before entering politics, according to Forbes.
Payoneer, which facilitates cross-border payments, is set to list on the Nasdaq stock exchange with a $3.3 billion valuation after reaching a SPAC merger with FTAC Olympus Acquisition Corp in February.
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