Credimi

What Credimi does

Credimi was an Italian digital lender founded in 2016 and headquartered in Milan that specialized in providing medium-term loans and factoring services to small and medium enterprises through a fully online application and disbursement platform. Over its operational lifetime the company received 100,000 financing requests totaling €17 billion and disbursed €2 billion to approximately 10,000 Italian SMEs, positioning it as the largest digital SME financing company in the European Union by disbursement volume. The technology stack was a self-serve digital lending platform that handled SME credit applications end-to-end online, with revenue derived from interest income and transaction-related fees on originated loans.

The company's business model relied on securitization transactions — selling originated loans to professional investors — to fund new lending activity. The company raised approximately $40 million across disclosed rounds (Venesio family in 2016, United Ventures/Vertis/Tikehau Capital in 2018, and an additional round in January 2022), reaching a headcount of 51–100 employees. As Italian government bond yields rose sharply with the European rate cycle, securitization demand collapsed, making it impossible for Credimi to raise the funding required to originate new financing. On April 24, 2024, Credimi Spa entered voluntary liquidation authorized by Banca d'Italia, was renamed Instapartners Srl, and transferred its products, technology, and a significant portion of its team to Banca CF+ — a regulated Italian bank specializing in business credit whose majority shareholder is the Elliott Fund (over $55 billion in AUM) — to continue serving SME customers.

Name

Credimi

Legal name

Instapartners Srl

Website

https://credimi.com

Company type

Private

Founded year

2016

Operating status

Closed

Headcount range

51–100 employees

Short description

Credimi was a Milan-based digital lending platform that provided medium-term loans and factoring to Italian SMEs, disbursing €2 billion to roughly 10,000 businesses before entering voluntary liquidation in April 2024 and transferring operations to Banca CF+.

Ownership category

akta.pro rank

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. SME Financing and Factoring: Credimi generated revenue through interest income on loans extended to SMEs, including medium-term financing and factoring operations. The company previously funded operations through securitization transactions where loans were sold to professional investors.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Credimi operated a fully digital lending platform that provided medium-term business loans and factoring services exclusively to Italian small and medium enterprises (SMEs). Customers applied for financing online, with the company processing applications digitally through disbursement. Over its operational lifetime, Credimi disbursed €2 billion in financing to approximately 10,000 Italian SMEs, receiving 100,000 financing requests totaling €17 billion in request volume, becoming the largest digital SME financing company in the European Union.

Product overview

Credimi was a single-product digital financing platform offering business loans and factoring services specifically designed for small and medium Italian enterprises. The platform processed financing applications digitally and disbursed loans to approximately 10,000 SMEs totaling 2 billion Euros. The company has since transferred its products and technology to Banca CF+ following voluntary liquidation.

Differentiator

Problem solved

Functional benefit

Products and services

• Digital Business Financing Fully digital medium-term business loans and factoring services for Italian small and medium enterprises, delivered through an online application-to-disbursement platform. Over its operational lifetime, Credimi disbursed €2 billion under this product to approximately 10,000 Italian SMEs.
• Financing Request Processing Online platform for processing SME financing applications end-to-end, from digital submission through underwriting to disbursement. Credimi received 100,000 financing requests totaling €17 billion in request volume through this service.

Quantifiable outcome

• €2 billion in financing disbursed to ~10,000 Italian SMEs over the company's lifetime
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Banca CF+coreStrategic or Co-development PartnerCredimi transferred its products, technology, and a significant portion of its team to Banca CF+, a dynamic and solid bank specialized in business credit. The transfer was part of Credimi's evolution following its entry into voluntary liquidation. Banca CF+ continues serving customers with the same team and passion that characterized Credimi.

Scale indicators4 records

Recent moves8 records

Expansion highlights2 records

Direct peers

• iwoca: UK-based digital lender providing flexible working capital and term loans to small businesses. Closely comparable to Credimi in product (SME term lending), digital self-serve model, and target segment.
• Funding Circle: UK-headquartered SME lending platform operating across Europe and the US. Directly comparable to Credimi's model of originating business loans digitally and distributing them to investors/lenders.
• Younited Credit: French consumer and SME digital lender with operations across continental Europe. Comparable as a European fintech non-bank lending institution offering credit online.
• October: European platform originating loans to SMEs, historically relying on securitization and marketplace funding. Closely parallels Credimi's funding model and target customer base before its wind-down.
• Spotcap (Capital on Tap): Originally a German-based, now UK-based digital lender focused on SME working capital lines. Comparable in providing fast, digital SME credit products.
• MarketFinance (now Resolve): UK-based platform offering invoice finance and business loans to SMEs via a digital interface, comparable to Credimi's factoring and term loan products.
• Liberis: UK fintech providing revenue-based financing and embedded finance solutions to SMEs, with a comparable digital distribution model for SMB credit.

Broad incumbents

• Banca CF+: Italian bank specializing in business credit that absorbed Credimi's products, technology, and team in 2024. Operates as a regulated depositary, in contrast to Credimi's non-bank model.
• Solaris SE: Germany-based Banking-as-a-Service and embedded finance provider with European credit intermediation licenses. Comparable as a regulated European player enabling digital SME credit.
• Allianz Trade (formerly Euler Hermes): Global trade credit insurer and provider of receivables financing solutions. Comparable in providing credit and factoring products to SMEs, though via an insurance/incumbent model.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xx.com/credimipmi
• Facebookfacebook.com/credimipmi

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds4 records

Investors5 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 Credimi