What modefinance Srl does

modefinance Srl is an Italy-based fintech operating as a registered Credit Rating Agency (CRA) and External Credit Assessment Institution (ECAI) under EC Regulation No. 1060/2009, headquartered in Trieste at AREA Science Park. Founded in 2009, it was the first fintech to obtain CRA status in Europe and provides solicited and unsolicited credit ratings on companies and banks under issuer-pays and subscriber-pays models, alongside ESG sustainability ratings. Its core technology stack centers on two proprietary quantitative models — MORE (Multi Objective Rating Evaluation), a scoring model validated on millions of companies and thousands of banks, and ForST (Forecasting Scenarios and Trends), a data nowcasting engine for scenario and portfolio simulation — overlaid with a qualitative analyst-led RATING methodology.

The company's product portfolio comprises four primary lines: the Credit Rating Agency service, the patented Tigran Risk Platform (a cloud-based Rating-as-a-Service with API and Plug-N-Play integration), S-peek (a mobile and web application offering credit evaluations across Europe), and ESG Ratings. Revenue is generated through a mix of subscription (Tigran, ESG), licensing (API integration), issuer-pays and subscriber-pays CRA fees, and a freemium layer via S-peek. Modefinance serves banks and financial institutions, fintech companies, capital markets and investment funds, and enterprises/SMEs, with a horizontal segmentation approach. Geographically, it is authorized to operate throughout Europe and has begun international expansion into MENA via a strategic partnership with iscore (Egyptian Credit Bureau) signed in May 2025 to deploy a smart MSMEs Grading System.

Modefinance is a wholly-owned subsidiary of TeamSystem S.p.A., an Italian technology group serving over 40,000 SMEs, sharing corporate governance and data protection infrastructure (including the DPO function) with its parent. The company employs 51–100 staff and is led by co-CEOs and co-founders Mattia Ciprian and Valentino Pediroda. It was recognized among CNBC and Statista's World's Top 200 Fintechs in 2023.

Name

modefinance Srl

Legal name

ModeFinance S.r.l.

Website

https://modefinance.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

modefinance Srl is an Italy-based, ESMA-registered Credit Rating Agency and fintech that issues credit and ESG ratings, and operates the Tigran Rating-as-a-Service platform for banks, fintechs, capital markets, and SMEs across Europe and MENA.

Ownership category

akta.pro rank

Product category

Credit Rating and Financial Risk Analytics Software

NAICS

Custom Computer Programming Services (541511)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Pricing, Risk-Based Offer & Limit Management (FSAGAHAE)

Keywords

• Credit risk assessment
• Credit rating agency
• ESG ratings
• Financial risk analytics
• Rating-as-a-service

Headquarters

HQ city

Trieste

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Credit Rating Services: modefinance issues solicited and unsolicited credit ratings to non-financial companies and banks under 'issuer-pays' and 'subscriber-pays' models. Public ratings are freely accessible, while subscription-based ratings are available through paid subscriptions.
2. Rating-as-a-Service (Tigran): Cloud-based modular platform providing automated credit risk management services on subscription basis for enterprise clients.
3. API Integration Services: Credit risk assessment integration via APIs for direct embedding into client information systems, typically as part of enterprise licensing agreements.
4. ESG Rating Services: Sustainability and ESG assessment services for banks and companies, providing ratings on environmental, social and governance parameters.
5. S-peek Application: Mobile and web application providing commercial credit information and company evaluations, potentially with freemium model for basic access.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

modefinance Srl is a registered Fintech Credit Rating Agency (CRA/ECAI) under EU Regulation 1060/2009 that sells credit ratings, ESG ratings, and a patented cloud-based Rating-as-a-Service platform called Tigran. Its proprietary AI and big data scoring engines (MORE and ForST) underwrite both solicited (issuer-pays) and unsolicited (subscriber-pays) ratings for companies and banks, complemented by the S-peek mobile/web credit information app and an API/Plug-N-Play integration offering for embedding risk models into client systems.

Product overview

modefinance Srl operates as a unified fintech platform offering a comprehensive suite of credit risk management solutions. The core portfolio consists of Credit Rating Agency services (CRA/ECAI registered under EU Regulation 1060/2009) and the Tigran Rating-as-a-Service platform, both powered by proprietary AI-driven methodologies. The technology stack is anchored by the MORE (Multi Objective Rating Evaluation) model and ForST (Forecasting Scenario and Trend) data nowcasting model, which underpin all credit assessment activities. Client-facing products include S-peek (mobile/web application for credit evaluations) and ESG Ratings for sustainability assessments. Integration capabilities are provided through API & Plug-N-Play services. The platform serves multiple segments: fintech companies, banks and financial institutions, capital markets and investment funds, and enterprises/SMEs seeking self-assessment tools.

Differentiator

Problem solved

Functional benefit

Brands

• Tigran: The Rating-as-a-Service platform - a patented, modular and cloud-based solution for automating credit risk management and assessment processes.
• S-peek
• MORE
• ForST

Products and services

• Credit Rating Agency (CRA/ECAI) Registered Credit Rating Agency issuing solicited (issuer-pays) and unsolicited (subscriber-pays) credit ratings to non-financial companies and banks across Europe under EU Regulation 1060/2009, providing transparent, reliable creditworthiness assessments supported by more methodology and analyst review.
• ESG Ratings Sustainability assessment service providing global ratings on environmental, social and governance parameters for banks and companies, designed to support intelligent, reactive and future-appropriate decisions that complement traditional financial credit analysis.
• Tigran Risk Platform (Rating-as-a-Service) Cloud-based Rating-as-a-Service platform that automates and digitizes credit risk management for banks, financial institutions, fintech companies and corporates, powered by MORE scoring and ForST nowcasting models and delivered as a modular subscription service.
• S-peek Mobile and web application that delivers immediate evaluation of the MORE Score, commercial credit lines, negativities and full financial information for companies across Europe, enabling users to assess partners, customers and suppliers on the go.
• Data Science (Custom AI Models) Custom AI-based model development and implementation service tailored to specific industry, country or policy requirements, providing value-extraction technologies for advanced credit risk and data analysis use cases.
• API & Plug-N-Play Integration Enterprise API and Plug-N-Play integration product that allows modefinance's internally developed credit risk models to be embedded directly into client information systems and business processes, typically delivered under enterprise licensing agreements.

Quantifiable outcome

• Cut analysis times, costs and resources in credit risk management
• +1 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature7 records

Partnerships

One partnership is on record.

• iscore (Egyptian Credit Bureau)coreStrategic or Co-development Partner · 26 May 2025Strategic partnership for developing and implementing a smart MSMEs Grading System tailored for the Egyptian market. The collaboration leverages iscore's local market expertise and Modefinance's advanced AI-driven credit assessment technology (Tigran platform). The system evaluates MSMEs based on financial performance, management experience, and macroeconomic factors to enhance transparency and efficiency in Egypt's lending ecosystem. This supports Egypt's national priorities for SME sector growth, which accounts for 98% of the private sector.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• CRIF: CRIF is an Italy-headquartered global credit bureau and rating-information provider offering business and consumer credit reports, ratings and decisioning solutions across Europe — directly comparable to modefinance on geography, customer base and credit-information offerings.
• Cerved (Moody's): Cerved is the leading Italian business information, credit rating and marketing services provider, now part of Moody's. It overlaps directly with modefinance in providing corporate credit ratings and risk analytics to Italian and European banks and corporates.
• Creditsafe: Creditsafe is a global business credit reporting and decisioning provider serving SMEs and enterprises with company credit reports, scoring and monitoring — comparable to modefinance's S-peek and Tigran offerings in business credit analytics.

Broad incumbents

• Bureau van Dijk (Moody's): Bureau van Dijk is a Moody's-owned provider of global company information and Orbis databases used for corporate credit and counterparty risk assessment — overlapping with modefinance's MORE methodology for worldwide company credit evaluation.
• Moody's Analytics: Moody's Analytics is the technology and risk-solutions arm of Moody's, providing credit decisioning, scoring and analytics platforms to banks worldwide — a broad incumbent operating one tier above modefinance's CRA-focused niche.
• S&P Global Ratings: S&P Global Ratings is one of the three dominant global CRA franchises and a primary competitor for ECAI ratings capacity in Europe, with a much broader rated universe and capital-markets distribution than modefinance.
• Dun & Bradstreet: Dun & Bradstreet provides global business credit reports, PAYDEX scoring and master data — directly comparable to modefinance's S-peek / MORE outputs as a long-standing business credit reporting incumbent.
• Fitch Ratings: Fitch Ratings is one of the three largest global CRA franchises and an ECAI-licensed European rating agency — a direct incumbent competitor for banks' regulatory ECAI rating needs.
• Experian Business: Experian is a global credit information group with strong business credit decisioning and analytics offerings across Europe — competing with modefinance for SME and corporate credit decisioning workloads.

Emerging players

• Algoan: Algoan is a French fintech offering API-first credit decisioning and scoring-as-a-service for lenders — closely comparable to modefinance's Tigran / API & Plug-N-Play offering as an emerging fintech-credit decisioning peer in Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/modeFinance
• Facebookfacebook.com/pages/ModeFinance/164576200251483
• LinkedInlinkedin.com/company/modefinance

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors2 records

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 modefinance Srl