Illimity
illimity Bank S.p.A. is an Italian cloud-native bank serving Italian SMEs, retail customers, and institutional clients through three divisions — Corporate Banking, Turnaround & Credit Opportunities, and Investment Banking — supported by the Neprix NPL servicing platform, b-ilty digital SME store, and illimitybank.com.
- Company typePublic
- Founded2019
- HeadquartersMilan, Italy
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
Illimity firmographics
Firmographics- Name
- Illimity
- Legal name
- illimity Bank S.p.A.
- Website
- https://illimity.com
- Company type
- Public
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- illimity Bank S.p.A. is an Italian cloud-native bank serving Italian SMEs, retail customers, and institutional clients through three divisions — Corporate Banking, Turnaround & Credit Opportunities, and Investment Banking — supported by the Neprix NPL servicing platform, b-ilty digital SME store, and illimitybank.com.
- Ownership category
- akta.pro rank
Illimity industry classification
Industry- Product category
- SME and Digital Banking
- NAICS
- Commercial Banking (52211), Credit Intermediation and Related Activities (522), Finance and Insurance (52)
- SIC
- National Commercial Banks (6021)
- akta.pro primary industry
- Technology, Software & IT Services (FSABACAJ)
- akta.pro secondary industries
- Insolvency & Turnaround Advisory (SME/Mid-Market Debtor-Side) (FSAEAFAK), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)
Keywords
Where Illimity is headquartered
LocationHeadquarters
- HQ city
- Milan
- HQ country
- Italy
- HQ region
- Europe
Offices1 record
Markets served
Illimity business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Corporate Banking Interest Income: Interest income from lending to SMEs, corporate credit facilities, and specialized financing solutions. Core revenue stream from the bank's main lending activities targeting Italian small and medium enterprises.
- NPL Servicing Fees: Fee income from Neprix platform servicing non-performing loans for banks and investors. Includes collection services, portfolio management, and recovery operations for distressed credit.
- Investment Banking Fees: Advisory fees, EGM listing coordination (as EGA and Global Coordinator), and capital markets services. illimity has guided multiple IPOs on EGM including Mare Group, TradeLab, Cloudia Research, and Bertolotti.
- Guarantee and Credit Programs: Revenue from guaranteed lending programs supported by European Investment Fund (InvestEU) and EIB partnerships, supporting SME lending in sustainability, innovation, and digital transformation sectors.
- Strategic Partnerships and Funding Rounds: Partnership with Engineering Group included EUR 55.5 million funding component, representing strategic investment income and technology partnership benefits.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Corporate Banking services with customized pricing |
| Hybrid | Monthly | Digital banking services via illimitybank.com |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels9 records
Illimity product offering
Product offeringCore offering
Illimity is an Italian cloud-native digital bank providing specialized banking and financial services to SMEs through three core divisions: Corporate Banking (credit facilities, lending and structured financing), Turnaround & Credit Opportunities (NPL management, distressed credit and restructuring via the proprietary Neprix platform and illimity SGR funds), and Investment Banking (capital markets advisory and EGM listing services). It distributes these offerings through direct corporate field sales, the b-ilty digital business store, the illimitybank.com retail digital bank, and institutional partnerships with the EIB, EIF and SACE.
Product overview
illimity is an Italian fintech bank offering an integrated platform of banking and financial services for SMEs. The core offering consists of three main divisions: Corporate Banking (SME lending and credit facilities), Turnaround & Credit Opportunities (NPL management and distressed debt through the Neprix platform and illimity SGR funds), and Investment Banking (capital markets and listing services). Supporting platforms include b-ilty (digital business store for SMEs), illimitybank.com (direct digital banking for consumers), Quimmo (proptech), and ARECneprix (real estate NPL management). The bank also holds stakes in fintech ventures like Hype and manages specialized investment funds through illimity SGR. illimity operates as a cloud-native bank leveraging Microsoft Azure and provides PSD2 open banking APIs through its developer portal.
Differentiator
Problem solved
Functional benefit
Brands
- b-ilty: Digital business store for SMEs offering financial services
- illimitybank.com
- Neprix
- Quimmo
- ARECneprix
- illimity SGR
- illimitHER
- iCCT Fund
Products and services
- Corporate Banking
Quantifiable outcome
- Record profit of €100+ million in 2023
- +3 more outcomes
Companies that use Illimity
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles4 records
Illimity technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature3 records
Illimity partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor and core.
- Banca SellaminorBanca Sella acquiring illimity's 50% stake in fintech company Hype for €85 million, pending Bank of Italy approval. Hype serves 1.9 million customers with payments, cryptocurrency, savings, credit, and insurance through mobile app.
- Apax Partnerscoreillimity formed alliance with Apax Partners for hi-tech services hub in banking. Focus on Artificial Intelligence integration, which will be central to the banking sector's future development.
- Opyn, Azimut, Natixis CIBminorillimity co-arranged €300 million securitization program (Anubi) with Opyn, Azimut, and Natixis CIB dedicated to Italian SMEs, demonstrating capital markets capabilities.
- Fabrick (Gruppo Sella)coreJoint venture with Fabrick in fintech HYPE, combining technology, user experience, and service innovation. Objective to reach over 3 million customers through technological, commercial, and managerial synergies.
- Engineering Groupcoreillimity Bank partnered with Engineering Group including a EUR 55.5 million funding round as part of the agreement, representing a significant strategic and financial partnership.
- Microsoftcoreillimity, as first Italian cloud-native bank, partnered with Microsoft for cloud infrastructure and technology development. Partnership enables digital transformation and cloud computing capabilities across all banking operations.
- RaisinminorPartnership with European savings marketplace Raisin allows illimity to distribute deposit accounts to German and other European savers, expanding the bank's deposit base beyond Italy.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Illimity competitors and assessment
Company assessmentDirect peers
- Banca Ifis: Italian bank and now parent of illimity, focused on SME lending and NPL acquisition/servicing. Directly comparable business model with overlapping customer segments and NPL franchise.
- Cherry Bank: Italian digital bank specializing in SME lending, NPL acquisitions, and turnaround financing. Closest pure-play peer to illimity's specialized credit model.
- OakNorth Bank: UK-based digital bank focused on SME lending with proprietary credit decisioning technology. Comparable as a tech-enabled challenger bank serving the underserved SME market.
Regional players
- Banca Sella: Italian banking group with strong digital banking presence and fintech ventures (including Hype). Comparable as a digitally-oriented Italian bank serving SMEs and consumers.
Broad incumbents
- BPER Banca: Major Italian commercial bank with significant SME lending franchise. Comparable as an established competitor in Italian SME banking, though with broader product offerings.
- Credito Emiliano (Credem): Italian bank with strong SME and corporate banking franchise. Comparable for SME banking operations and growing digital capabilities in Italy.
- FinecoBank: Italian listed digital bank with multi-channel offering. Comparable as a publicly traded Italian digital banking competitor with similar retail/SME focus.
- Banca Mediolanum: Italian listed bank with strong digital distribution. Comparable as a public Italian bank competing for retail and SME banking customers via digital channels.
- Banca Monte dei Paschi di Siena: Italy's largest listed bank with significant SME franchise. Comparable as a major Italian competitor in the SME banking market, though with much broader scope.
Emerging players
- Qonto: European SMB-focused business banking platform. Comparable as a digital-first banking provider targeting SMEs with technology-driven offering, though more focused on payments/treasury than credit.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Illimity social profiles
Digital presenceIllimity compliance and trust
Trust signalCompliance2 records
Illimity financial estimates
Financial estimateRevenue estimate
Valuation estimate
Illimity leadership team
Management profileNumber of profiles
Profiles1 record
Illimity subsidiaries and ownership
Company hierarchySubsidiaries5 records
Illimity funding detail
Funding detailFunding overview
Funding rounds5 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Illimity M&A and investment
M&A and investmentM&A1 record
Investments6 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Illimity
What does Illimity do?
Illimity is an Italian cloud-native digital bank providing specialized banking and financial services to SMEs through three core divisions: Corporate Banking (credit facilities, lending and structured financing), Turnaround & Credit Opportunities (NPL management, distressed credit and restructuring via the proprietary Neprix platform and illimity SGR funds), and Investment Banking (capital markets advisory and EGM listing services). It distributes these offerings through direct corporate field sales, the b-ilty digital business store, the illimitybank.com retail digital bank, and institutional partnerships with the EIB, EIF and SACE.
Is Illimity a public or private company?
Illimity is a public company. It is classified as public and is currently operating.
When was Illimity founded?
Illimity was founded in 2019. It employs 501 to 1,000 people.
Where is Illimity based?
Illimity is headquartered in Milan, Italy, in the Europe region.
How does Illimity make money?
Five revenue lines are on record. Corporate Banking Interest Income is the primary driver. The others are NPL Servicing Fees, investment Banking Fees, guarantee and Credit Programs and strategic Partnerships and Funding Rounds.
Who are Illimity's main competitors?
Direct peers on record are Banca Ifis, Cherry Bank and OakNorth Bank. Banca Sella is listed as a regional player. Broad incumbents are BPER Banca, Credito Emiliano (Credem), FinecoBank, Banca Mediolanum and Banca Monte dei Paschi di Siena. Qonto is listed as an emerging player.
Does Illimity have an API?
Yes. illimity provides a PSD2-compliant open banking API through its Developer Portal, enabling third-party providers (TPPs) to access account information and payment initiation services in compliance with EU Payment Services Directive 2 regulations. Developer documentation is at www.illimity.com/it/illimity-developer-portal.
What industry is Illimity in?
Illimity's product category is SME and Digital Banking. Its primary akta.pro industry code is FSABACAJ, Technology, Software & IT Services, with a secondary code of FSAEAFAK, Insolvency & Turnaround Advisory (SME/Mid-Market Debtor-Side). Its NAICS code is 52211 and its SIC code is 6021.