Bank Leumi acquires 20% of the shares of the consumer credit company Click

Bank Leumi acquires 20% of the shares of the consumer credit company Click'. Click Financing is a subsidiary of ERN that is being prepared for an IPO, led by the underwriting arm of the bank, Leumi Partners, and the investment indicates a deepening of the relationship between the companies.
Click Financing is engaged in providing credit at points of sale (BNPL) and was established in 2020. The company's system enables a complete digital credit procedure at points of sale within a short time of minutes. The company is managed by Shai Preminger, who is also the CEO of ERN, which is owned by Roni Nathanson (60%) and Menora Mivtachim, which is controlled by the Gurevich and Griffel families and managed by Ari Kalman.
Leumi will invest NIS 65 million in the company at a value of NIS 325 million after the money and will provide an additional NIS 20 million as an owner loan.
The transaction was not made through the investment arm of Bank Leumi Partners, but was led by Eyal Efrat, head of the strategy, digital, data and horizontal projects division at Leumi, which was established by CEO Hanan Friedman.
Bank Hapoalim entered the field of lending to points of sale about two months ago by establishing a joint company with the stock exchange blender controlled by the Aviv family.