Amitim

What Amitim does

Amitim is a unified Israeli organization established in 2021 to administer and manage eight legacy Defined Benefit pension funds under regulatory "special management," with Mr. Ephy Senderov appointed as Special Manager over the entire portfolio. The eight underlying funds (Mivtahim, Makfat, KGM, Netiv, Haklaim, Binyan, Egged, Hadasa) were originally established between 1945 and 1959 to serve workers in sectors including construction, agriculture, banking, healthcare, food, telecommunications, and public transportation; combined assets under management total approximately US$100 Billion across 991,000 members (55,000 active contributors, 236,000 benefit recipients, and 700,000 inactive members). The organization processes approximately US$1 Billion in annual member contributions and disburses approximately US$3.3 Billion in annual pension payments.

The platform operates through member-facing digital infrastructure including separate personal-area portals for members and employers, a mobile application, a digital employer payments system, and an online forms platform. Investment management is performed by approximately 40 investment professionals and spans government bonds (roughly 50% of the portfolio), public equities, private equity, private lending, and real estate, with allowable asset classes restricted by the Israeli regulator. Operations are headquartered in Tel Aviv with total headcount in the 101-250 range.

Amitim does not operate as a conventional commercial enterprise. The funds are closed to new entrants, so the active member base is structurally declining, and the organization functions as a regulated administrator rather than a revenue-acquisition business. No pricing model, revenue figures, or commercial go-to-market motion apply in the traditional sense; member relationships are service-oriented (digital portals, service centers, telephone hotline 6667*) rather than revenue-driven. The revenue mechanics consist of management fees drawn from the US$100 Billion AUM base and contributions from the shrinking active contributor pool, while the principal cost driver is benefit disbursements under locked-in Defined Benefit formulas.

Name

Amitim

Legal name

עמיתים - קרנות הפנסיה הוותיקות

Website

https://amitim.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

Amitim is the unified management body for eight legacy Israeli Defined Benefit pension funds under regulatory special management, serving approximately 991,000 members with combined AUM of approximately US$100 Billion.

Ownership category

akta.pro rank

Product category

Pension Fund Management

NAICS

Pension Funds (525110), Health and Welfare Funds (525120)

SIC

Life Insurance (6311)

akta.pro industry

PRIMARYBPAIAKAA

Pensions & Retirement Benefits Administration

Business & Public Services/Public Sector & Government Administration/Social Security, Benefits & Welfare Administration

Keywords

• Defined benefit pensions
• Pension fund management
• Retirement benefit administration
• Institutional asset management
• Pension contribution processing

Headquarters

HQ city

Tel Aviv

HQ country

Israel

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Pension contributions and management: Amitim manages pension fund assets for approximately 991,000 members (55,000 active members, 236,000 benefit recipients, 700,000 inactive members) with combined AUM of approximately US$100 Billion. Annual contributions from active members amount to approximately US$1 Billion. Annual pension payments amount to approximately US$3.3 Billion.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Amitim administers and manages eight veteran Israeli Defined Benefit pension funds (Mivtahim / מבטחים, Makfat / מקפת, KGM / קג"מ, Netiv / נתיב, Haklaim / חקלאים, Binyan / בניין, Egged / אגד, Hadasa / הדסה) under unified special regulatory management. The organization pays out retirement, disability, and survivors' benefits to existing members while collecting ongoing contributions from active members and their employers, supported by member and employer digital portals, a mobile application, a payments processing system, and digital forms.

Product overview

Amitim is a unified pension fund organization managing eight veteran Defined Benefit pension funds in Israel under special management, with combined assets under management of approximately US$100 Billion. The product portfolio includes member-facing digital portals (personal area for members and employers), a mobile application, a digital payments system for employers, and an online digital forms platform. The eight pension funds (מבטחים, מקפת, קג"מ, נתיב, חקלאים, בניין, אגד, הדסה) collectively serve 55,000 active members, 236,000 benefit recipients, and 700,000 inactive members. Services include pension disbursement, disability benefits, survivors' benefits, insurance continuation, and employer contribution management. The offering is a platform structure with member and employer portals accessing a unified pension fund management backend.

Differentiator

Problem solved

Functional benefit

Products and services

• Amitim Personal Area (Members) Online member portal providing access to periodic reports, monthly pension statements, account information, and pension benefit management for individual fund members, including submission of Digital Form 101 (employee tax card) and other benefit requests.
• Amitim Personal Area (Employers) Online employer portal for reporting pension contributions, managing employee rosters, and accessing fund data for employers of active members of the eight Amitim pension funds.
• Amitim Mobile Application Mobile application enabling members to manage pension accounts, submit requests for fund transactions, access pension statements, and communicate with Amitim customer service on mobile devices.
• Amitim Pension Fund Management Platform Unified platform managing eight veteran Defined Benefit pension funds (Mivtahim / מבטחים, Makfat / מקפת, KGM / קג"מ, Netiv / נתיב, Haklaim / חקלאים, Binyan / בניין, Egged / אגד, Hadasa / הדסה) with combined AUM of approximately US$100 Billion, administering old-age pensions, disability benefits, and survivors' benefits for active, inactive, and retired members.
• Payments System (מערכת תשלומים) Employer-facing digital system enabling reporting and payment of pension contributions, allowing direct submission of contribution files and payment execution without intermediaries.
• Digital Forms System Online digital form submission system enabling employers to submit employment start notices, work cessation reports, and insurance continuation agreements electronically.

Quantifiable outcome

• US$100 Billion in assets under management
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves6 records

Expansion highlights3 records

Market position

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amitim