Generates revenue by providing non-bank financing to businesses, primarily through discounting post-dated checks (deferred payment instruments) and to a lesser extent by issuing short-term loans.
Geographic Exposure
Israel100%
Revenue Drivers
Post-dated check discounting
Advances cash against deferred checks for a fee.
CORE96%
Non-bank business lending
Provides loans to customers outside the banking system.
PERIPHERAL4%
End Markets
Small and medium-sized businesses (SMEs)
Sole proprietors / licensed dealers
Contractors in construction and infrastructure supply chains
Specializations
Regulated non-bank credit licensing (expanded credit license)KYC/AML/CTF customer identification and recordkeepingComputerized credit decision support system ("Yeshut")Personal guarantees for corporate customersDebt collection and legal proceedings on unpaid instrumentsLiquidity management to fund fast payouts
Activities
Credit underwriting and risk assessment
Discounting and funding deferred checks
Loan origination
Collections and legal enforcement on unpaid instruments
