HMELF
Industry:
Financial Services
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DESCRIPTION

Hold Me is an Israeli shell company that currently has no operating business or revenue. The company has moved through various business models, including website design, mobile wallet software, and non-bank lending, without building a successful business. Hold Me previously developed a mobile wallet platform licensed to a single customer, but it closed its software business after that agreement ended. The company now focuses on the Israeli non-bank lending sector and holds two credit licenses. Although Hold Me intends to serve small businesses by earning net interest income from the spread between funding costs and borrower interest rates, it lacks an active lending book and has only issued and recovered two revolving credit facilities to date. Management acknowledges that the company lacks the resources for marketing and holds no competitive advantages in its target markets. The company's sole officer conducts operations from his personal home. Hold Me recently cancelled a proposed purchase of Synthetic Darwin, an acquisition intended to move the company toward artificial intelligence and blockchain. As a result, Hold Me has no current digital infrastructure business or active acquisition targets.

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