Michman Basad Ltd

Michman Basad Ltd, now branded as BlackEdge, is an Israeli non-bank financial services group whose shares trade on the Tel Aviv Stock Exchange. Founded in 2015 as a private company by Yaniv Biton, the firm was originally known as Michman Mimun (Michman Financing) and rebranded to BlackEdge in 2025. It describes itself as a financial and technology platform for the provision of credit, emphasizing advanced technology and algorithmic underwriting capabilities. The company operates across four main business lines: real-estate project accompaniment and financing (financial supervision and construction support for residential projects across Israel); equity financing (mezzanine financing and bridge loans that bridge the gap between a developer's equity and senior bank debt); private banking (tailored financing solutions for high-net-worth individuals, business owners and family offices); and mortgages, conducted through its dedicated subsidiary BlackEdge Mortgage, serving home buyers, investors, foreign residents and borrowers seeking an alternative to traditional bank mortgages. Michman holds an extended credit-provider license (number 59639) and an extended financial-asset service license (number 60756) from the Israel Securities Authority's Capital Market, Insurance and Savings Authority. Its offices are located in Bnei Brak. The company listed on the Tel Aviv Stock Exchange in February 2021 and has since expanded its funding base through bond issuances, institutional credit lines and strategic partnerships. In 2024 it entered a cooperation with a leading institutional financial body to finance controlling shareholders of public companies against pledges of their shares, with a joint transaction scope of up to NIS 100 million per side and a total managed portfolio of up to NIS 200 million. Also in 2024, Harel Insurance and Finance Group acquired a 4.9% private placement in Michman Mimun for approximately NIS 13.8 million; as of December 2024, Harel Group together with mutual fund holdings held about 9.57% of the company's share capital. Key figures include founder and CEO Yaniv Biton, active chairman Doron Sapir, Avi Suissa as CEO of real-estate financing, and Shiran Tamar-Azoulay as CEO of mortgages. The company maintains a presence on Facebook, LinkedIn and Instagram, and its shares are covered by Israeli financial media such as Bizportal and Globes.

Michman Basad Ltd was incorporated in 2015 as a private company by Yaniv Biton. Before founding Michman, Biton managed several companies in real estate and retail. In May 2018, Michman invested approximately NIS 2 million in the digital insurance company Libra, and as of December 2021 it held 4.68% of Libra, which went public in 2021 at a valuation of NIS 450 million. In September 2020, the company received an extended credit-provider license from the Capital Market, Insurance and Savings Authority, expanding its range of services. In February 2021, the company listed on the Tel Aviv Stock Exchange, and in July of that year it completed a bond issuance of approximately NIS 100 million. The issuance positioned it among 35 companies on the TASE whose shares had risen by at least 100% since the start of the year. In December 2021, Michman received NIS 20 million in credit from Ayalon Insurance Company, a move that would allow the non-bank credit company to expand its credit portfolio by approximately NIS 100 million. In February 2022, Michman completed the institutional phase of a new shekel bond series. In the tender for classified investors, demand reached approximately NIS 187 million; the company chose to accept early commitments to purchase bonds totaling approximately NIS 120 million. That same month, the company completed a private placement of approximately 5.4% of its shares (4.6% fully diluted) for NIS 14.1 million to the Nochad hedge funds of Roy Vermus and Shlomi Bracha, and Sphere of Israel Mor, Doron Brin and Ron Santor. In 2022, Amitim Old Pension Funds provided Michman with senior credit of NIS 120 million to increase its credit sources and expand its credit portfolio. In 2024, Michman began a cooperation with a leading institutional financial body to provide financing to controlling shareholders of public companies against pledges of their shares. The joint transaction scope is up to NIS 100 million per side, with a total managed portfolio of up to NIS 200 million. Also in 2024, a private placement of 4.9% of Michman Mimun shares was made to Harel Insurance and Finance Group for approximately NIS 13.8 million. As of December 2024, Harel Group together with mutual fund holdings held approximately 9.57% of Michman's share capital. In 2025, the company rebranded to BlackEdge, and in December it announced the establishment of a dedicated mortgage subsidiary, BlackEdge Mortgage, headed by Shiran Tamar-Azoulay. The company operates in four areas: real-estate project accompaniment and financing, equity financing, private banking, and mortgages. It holds an extended credit-provider license (number 59639) and an extended financial-asset service license (number 60756) from the Capital Market, Insurance and Savings Authority. Its offices are in Bnei Brak.

• Company incorporated as a private company by Yaniv Biton

• Invested approximately NIS 2 million in digital insurance company Libra

• Received extended credit-provider license from the Capital Market, Insurance and Savings Authority

• Listed on the Tel Aviv Stock Exchange

• Completed bond issuance of approximately NIS 100 million

• Received NIS 20 million credit from Ayalon Insurance Company

• Completed institutional phase of new shekel bond series, raising NIS 120 million; completed private placement of 5.4% of shares for NIS 14.1 million

• Amitim Old Pension Funds provided NIS 120 million senior credit

• Began cooperation with leading institutional financial body for shareholder financing against share pledges, up to NIS 200 million managed portfolio

• Harel Insurance and Finance Group acquired 4.9% private placement for approximately NIS 13.8 million

• Rebranded from Michman Mimun to BlackEdge

• Announced establishment of dedicated mortgage subsidiary BlackEdge Mortgage, headed by Shiran Tamar-Azoulay

A financial and technology platform for credit provision, combining advanced technology with algorithmic underwriting to serve entrepreneurs, investors and private clients as an alternative to traditional bank financing.

• Real-estate project accompaniment and financing

  Financial supervision and construction accompaniment for residential projects across Israel.

• Equity financing

  Mezzanine financing and bridge loans that bridge the gap between a developer's equity and senior bank debt.

• Private banking

  Tailored financing solutions for high-net-worth individuals, business owners and family offices.

• Mortgages

  Through subsidiary BlackEdge Mortgage: mortgage solutions for home buyers, investors, foreign residents and borrowers seeking an alternative to bank mortgages.

1. 1Michman Basad Ltd on Wikidatawikidata.org
2. 2בלאקאדג' – Wikipedia (Hebrew)he.wikipedia.org
3. 3Official websitemichman-loans.co.il