SHF Holdings Business Summary

SHF Holdings, Inc., operating as Safe Harbor Financial, is a specialized financial technology platform providing essential banking, lending, and compliance solutions to the regulated cannabis, hemp, and CBD industries. The company generates revenue through a multi-stream model comprising transaction-based fees for fund processing, recurring account maintenance fees, and interest income from its expanding commercial lending portfolio. Its primary business segments include Banking Services, which facilitates deposit accounts and cash management through partner financial institutions; Lending, focused on sourcing and servicing credit facilities for cannabis-related businesses; and Consulting and Managed Services, which provides regulatory compliance and Bank Secrecy Act (BSA) monitoring. Positioned as a first-mover in the cannabis fintech space with over $26 billion in transactions facilitated, the company competes with small-cap finance and banking entities such as BTC Digital (BTCT), Carver Bancorp (CARV), and LM Funding America (LMFA), distinguishing itself through its proprietary compliance-first technology tailored to high-risk regulatory environments. The leadership team is currently led by Chief Executive Officer and Interim CFO Terrance (Terry) Mendez, who assumed the role in February 2025 following the retirement of founder Sundie Seefried. Mendez brings extensive experience in business transformation and cannabis operations, having previously served as a senior executive at Hitachi Vantara and led turnaround efforts for multiple cannabis operators. The executive suite includes Mike Regan, Chief Investment & Strategy Officer, an MIT Sloan alumnus with a deep background in cannabis equity research and capital planning, and Douglas Beck, who serves as Senior Vice President of Finance and Principal Accounting Officer. The company was founded by Sundie Seefried, a pioneer in cannabis banking who continues to serve on the Board of Directors alongside Chairman Fred Niehaus. Notable institutional support includes investments from Blue Owl Capital Holdings LP and Renaissance Technologies, reflecting the company's strategic importance in the evolving legal cannabis financial infrastructure.