Israeli Fintech Riskified Soars to 5-Year High, Valued Over $1 Billion

Israeli fintech company Riskified experienced a significant surge on Wall Street, reaching a near five-year high and surpassing a $1 billion valuation for the first time in a considerable period. The stock saw a 10.8% jump on Thursday, pushing its price to levels not seen since late 2021. While it slightly weakened on Friday, the week's closing valuation marked a strong recovery.

Riskified, which provides fraud prevention solutions for e-commerce, was co-founded by CEO Eido Gal. The company went public on the New York Stock Exchange in 2021 at a $3.3 billion valuation, a peak it has yet to recapture. No specific company announcement explained the recent stock surge, but investor website Zacks noted increased demand due to the growing complexity of fraud cases.

In its second-quarter earnings report last month, Riskified reported its highest revenue growth in years, with a 22% increase to $98.7 million. The company posted a net loss of $9.1 million, an improvement from the previous year, and achieved a positive EBITDA of $3.9 million. Riskified projects revenues of $400-410 million and an EBITDA of $33-39 million for 2026.

In other Israeli-linked stock news, Similarweb's stock fell 12.2% on Thursday following the announcement of a new CEO, Michael Ackerman, who will assume the role in early November, earlier than anticipated. Founder Ori Offer had planned to step down by mid-2027. The company, which analyzes online user behavior, is now valued at $669 million. Offer recently sold approximately $4.5 million worth of shares.

Geothermal energy firm Ormat Technologies announced it will receive up to $35 million in funding from the U.S. Department of Energy for two projects in Nevada and Utah, aimed at advancing geothermal development. The stock rose 1.2% on the news, though it remains about 35% below its earlier yearly high.