Italian lendtech Credimi feeling dreamy with €10m funding
Italian digital factoring and lending platform Credimi has received a €10 million capital increase to help its foreign expansion plans.
The investment funds came via United Ventures and Vertis, as well as some of the (unnamed) investors who took part in the first round of €8.5 million in September 2015.
Ignazio Rocco di Torrepadula, Credimi founder and CEO, and cool name winner, says: “Credimi’s initial start-up phase has been exhilarating, with results that have far exceeded our expectations.
“Being able to succeed in just a few months, and without any sort of commercial intermediary, in becoming a go-to solution for so many companies of so many different types all across Italy is really a remarkable achievement for such a young company.”
He adds that it has set some “very challenging goals” – namely to grow in Italy and start expanding in unspecified foreign markets. It also intends to expand its product offering and recruit more staff.
Since it was founded less than two years ago, Credimi says it has lent over €200 million to 3,500 companies of all sizes, sectors and geographical locations. The firm is authorised by the Bank of Italy as a financial intermediary.
This year, Credimi has added new features and functionalities to its lending platform, including giving clients direct access to non-recourse financing for their unpaid invoices – “something which has been particularly popular with small- and medium-sized companies”.
Back in March, the company was one of the names in a group of domestic and foreign players in Italy that set up the sector’s first trade association, ItaliaFintech.