SACE

What SACE does

SACE FCT (SACE Fct S.p.A.) is an Italian regulated factoring intermediary founded in 2009 and wholly owned by SACE, Italy's state-backed Export Credit Agency, which is itself participated by the Ministry of Economy and Finance. The company converts commercial receivables into immediate liquidity for Italian enterprises through four core products: pro soluto (non-recourse) factoring, pro solvendo (recourse) factoring, maturity factoring, and reverse factoring/confirming. It targets three primary segments—suppliers to the Italian Public Administration, Italian exporters, and large Italian industrial groups—offering up to 100% advance on receivables under framework agreements with anchor buyers and public entities. SACE FCT is registered at no. 86 on the List of Financial Intermediaries under Article 106 of the Consolidated Law on Banking (TUB) and is an active member of Assifact, the Italian Factoring Association.

SACE FCT distributes its products through a proprietary commercial network plus formal collaboration agreements with Poste Italiane, Italian regions (Friuli Venezia Giulia, Lazio, Molise, Puglia), provinces, municipalities, business associations, and local banks. Digital access is provided via three platforms: the K4F web factoring portal, the Digital Factoring online platform, and the MySACE customer portal. The company complements transactional services with risk management, asset protection, and business opportunity offerings aimed at supporting Italian enterprise growth, alongside the SACE Academy and broader Education programs covering export, innovation, and training. The company is headquartered in Milan, operates exclusively in Italy, holds ISO 14001 environmental certification, and is GDPR-compliant.

Revenue is generated through transaction fees on factored receivables, with specific pricing structures available only through informational sheets rather than public disclosure. The company carries EUR 50,000,000 in share capital, employs 501–1,000 people, and publishes annual financial statements (bilancio d'esercizio) for 2022 through 2025. As a sole-shareholder state-affiliated entity, SACE FCT operates with implicit governmental backing rather than external venture or growth-equity funding, positioning it as a policy-aligned infrastructure provider within Italy's broader export-credit and SME liquidity support framework.

Name

SACE

Legal name

SACE Fct S.p.A.

Website

https://sacefct.it

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SACE FCT is a Milan-based, state-backed Italian factoring intermediary wholly owned by SACE that provides pro soluto, pro solvendo, maturity, and reverse factoring services to Italian exporters, suppliers to the Public Administration, and large industrial groups, distributing through Poste Italiane, local governments, banks, and digital portals.

Ownership category

akta.pro rank

Headquarters

HQ city

Milano

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Factoring Services: SACE FCT generates revenue through various factoring services including pro soluto factoring (without recourse), pro solvendo factoring (with recourse), maturity factoring, and reverse factoring. These services transform commercial receivables into immediate liquidity for Italian companies, with fees based on the type of factoring arrangement and the risk profile of the receivables.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

SACE FCT is a specialized factoring company that transforms commercial receivables into immediate liquidity for Italian companies. It offers pro soluto (non-recourse) and pro solvendo (recourse) factoring, maturity factoring, and reverse factoring/confirming, targeted at exporters, suppliers to public administration, and large industrial groups. The company is wholly controlled by SACE, Italy's Export Credit Agency, and is registered as a financial intermediary under Article 106 of Italy's Consolidated Law on Banking.

Product overview

SACE FCT operates as a specialized factoring company offering a portfolio of receivables management and liquidity solutions. The core product suite centers on four main factoring instruments: Factoring pro soluto (non-recourse), Factoring pro solvendo (recourse), Maturity Factoring, and Reverse Factoring/Confirming. These are delivered through a multi-channel distribution model including a dedicated commercial network, partnerships with Poste Italiane, local government bodies, business associations, and regional banks. Digital access is provided via the K4F web platform, Digital Factoring portal, and MySACE customer portal. The company also offers risk management, asset protection, and business growth services, complemented by SACE Academy educational programs. SACE FCT is a wholly-owned subsidiary of SACE, Italy's Export Credit Agency, and is registered as a financial intermediary under Article 106 of the Consolidated Law on Banking (TUB).

Differentiator

Problem solved

Functional benefit

Products and services

• Factoring pro soluto Non-recourse factoring service that transfers credit risk to SACE FCT, allowing companies to convert commercial receivables into immediate liquidity without responsibility for debtor default. Targeted at Italian companies that need to monetize receivables while offloading credit risk.
• Factoring pro solvendo Recourse factoring service where SACE FCT provides advances on receivables but the seller retains credit risk, transforming commercial credits into immediate liquidity. For Italian companies seeking working capital without full credit-risk transfer.
• Maturity Factoring Factoring service where SACE FCT guarantees payment to the seller only at the maturity date of the receivables, providing certainty of payment without immediate liquidity advance. For companies that want payment certainty but can wait for the maturity date.
• Reverse Factoring / Confirming Supply chain financing solution enabling large buyers (typically major Italian industrial groups or public administration) to extend payment terms to suppliers, who receive early payment from SACE FCT up to 100% of receivables value. Targeted at large industrial groups and public sector buyers and their supplier networks.
• K4F Web Factoring Platform (SACE FCT - K4F) Web-based factoring platform providing digital access to SACE FCT's services for managing receivables, submissions, and account operations. For Italian companies transacting factoring operations with SACE FCT.
• Digital Factoring Platform Online digital factoring platform enabling automated processing of receivables and factoring operations through electronic channels. For Italian companies seeking electronic factoring workflows.
• Gestione dei rischi e protezione degli asset dell'impresa (Risk Management and Asset Protection) Risk management and asset protection services designed to safeguard enterprises from commercial and financial risks associated with receivables. For Italian companies looking to protect enterprise assets and manage commercial/financial risk.
• Opportunità di Business per la Crescita delle Imprese (Business Growth Services)

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Poste ItalianecoreChannel Partner/ Reseller/ DistributorCollaboration agreement with Poste Italiane for the distribution of factoring products and services, extending SACE FCT's reach to a wider customer base through Poste Italiane's extensive network.
• Assifact (Associazione Italiana per il Factoring)coreStrategic or Co-development PartnerActive member of Assifact, the Italian Factoring Association. Participation in the association demonstrates commitment to industry standards and best practices in the factoring sector.
• Local Government Bodies (Enti Locali)coreChannel Partner/ Reseller/ DistributorSACE FCT has signed agreements and conventions with multiple Italian regions (Friuli Venezia Giulia, Lazio, Molise, Puglia), provinces (Brescia, Brindisi, Chieti, Como, Firenze, Lecce, Lecco, Milano, Pesaro e Urbino, Viterbo), and municipalities (including Aprilia, Assago, Bernareggio, Bresso, Brescia, Carbonera, Carbonia, Casalecchio di Reno, and many others) to facilitate supplier financing and receivables management for public contracts.
• Business Associations (Associazioni di Categoria)minorChannel Partner/ Reseller/ DistributorPartnerships with business associations to reach SME members requiring factoring and receivables management services.
• Local Banks (Banche del Territorio)minorChannel Partner/ Reseller/ DistributorCollaboration with local banks to offer factoring solutions through existing banking customer relationships, providing a trusted local touchpoint for Italian companies.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• BFF Bank: BFF Bank (formerly Banca Farmafactoring) is Italy's leading listed factoring company, specializing in receivables management and factoring services to public administration suppliers and corporates. It is the closest pure-play comparable in the Italian factoring market, competing directly with SACE FCT in PA-supplier reverse factoring and pro-soluto segments.
• Banca IFIS: Banca IFIS is a major Italian bank specialized in factoring, NPL purchasing, and SME lending. It operates a large proprietary factoring platform directly competing with SACE FCT across pro soluto, pro solvendo, and reverse factoring — particularly for SME and mid-market Italian corporates.
• Mediocredito Centrale: Mediocredito Centrale, part of Invitalia (Italian state holding agency), is a state-backed special credit institution providing factoring and financing to Italian SMEs. Its sovereign ownership structure and SME focus closely parallel SACE FCT's positioning, making it the closest analogue from a state-backed-competitor perspective.
• Factorit: Factorit is the in-house factoring arm of BPER Banca, providing pro soluto, pro solvendo, and reverse factoring to Italian corporates. As a bank-affiliated factoring specialist, it competes head-on with SACE FCT in the SME and mid-market segments and benefits from BPER's branch network.
• Ifitalia: Ifitalia is the factoring arm of BNL (BNP Paribas group) and one of Italy's largest factoring operators. It provides comprehensive factoring solutions to Italian corporates and SMEs, directly competing with SACE FCT on traditional and reverse factoring products.
• Creditalia: Creditalia is UniCredit's factoring and consumer credit arm, offering pro soluto, pro solvendo, and supply chain financing to Italian corporates and SMEs. It is a major bank-affiliated competitor to SACE FCT across the Italian factoring market.
• MBCredit Solutions (MBFACTA): MBCredit Solutions is the Mediobanca group's factoring and credit management arm, offering factoring services to Italian corporates. As a bank-affiliated factoring platform serving large and mid-market Italian companies, it competes directly with SACE FCT.

Broad incumbents

• Coface: Coface is a global credit insurer with factoring capabilities, comparable to SACE's parent role at the credit insurance / ECA level. As a broad incumbent, it overlaps with SACE FCT in trade receivables management and export credit-related services across European markets.
• BNP Paribas Factor: BNP Paribas Factor is the dedicated factoring arm of BNP Paribas, one of Europe's largest factoring operators. It provides cross-border factoring solutions to corporates across multiple European markets, offering broader geographic scale than SACE FCT's domestic-only footprint.

Emerging players

• Allianz Trade (Euler Hermes): Allianz Trade (formerly Euler Hermes) is the global leader in trade credit insurance and offers factoring and receivables management solutions. As a related credit-insurance-led player with expanding factoring capabilities, it intersects with SACE FCT's offerings in trade receivables protection and export-related financing.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/SACEgroup
• YouTubeyoutube.com/channel/UCiwKRtAOqJNt9QBDqcA9jIQ
• Facebookfacebook.com/SACEgroup
• LinkedInlinkedin.com/company/29253
• Instagraminstagram.com/GRUPPOSACE

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments9 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SACE