Earns revenue by supplying working capital to businesses, mainly by discounting third-party deferred checks for a commission and by lending against borrower checks and additional collateral.
Geographic Exposure
IsraelN/A
Revenue Drivers
Deferred check discounting
Advances cash against third-party post-dated checks for a pre-agreed commission
CORE96.1%
Business lending
Interest-bearing loans secured by borrower checks and further collateral
PERIPHERAL3.9%
End Markets
Small and Medium Businesses
Real Estate and Construction Contractors
Infrastructure Contractors
Trade and Commerce Businesses
Service Businesses
Specializations
Extended credit licence under financial services supervisionBasic financial asset service licencePersonal guarantees from corporate controlling shareholdersDrawer and holder due diligence before discountingAnti-money-laundering compliance proceduresReceivables finance for construction and infrastructure work+2 more
