Fides

What Fides does

Fides S.p.A. (legal name: FIDES – Ente Commissionario per Facilitazioni Rateali ai Lavoratori S.p.A.) is an Italian financial intermediary founded in 1947 and wholly owned by Banco di Desio e della Brianza S.p.A., a constituent of Gruppo Banco Desio. The company specializes in consumer credit solutions targeted at employees and pensioners, offering personal loans (including a 'Green' variant for sustainable purchases), Cessione del Quinto dello Stipendio and della Pensione (salary- and pension-backed assignment loans with up to 20% monthly deduction and terms up to 120 months), delegation-of-payment loans, and Anticipo TFS (advances against severance pay for public-sector retirees). Fides is registered on Italy's Albo Unico degli Intermediari Finanziari ex art. 106 TUB (No. 29, ABI Code 31274) and with IVASS as an insurance intermediary (RUI D000197839).

The company generates revenue through interest spreads on its loan portfolio and through commissions on a modular insurance portfolio (LIFEBELT plus Area Persona policies including life, accident, dental, health, home, and legal protection) distributed in partnership with Net Insurance. Its core technology stack is described generically as computer systems for processing loan applications and managing customer requests; no proprietary AI/ML, no published APIs, and no SDKs are disclosed. Distribution operates through a B2B2C model: Banco Desio bank branches, financial intermediaries authorized under art. 106 TUB, insurance agents, and credit brokers across Italy, supplemented by an online quote-request portal, a contact center, and a mobile application. Marketing is supported by a financial-education platform called 'Ti presento il prestito' with the Fidù mascot.

On December 6, 2025, Fides absorbed Dynamica Retail S.p.A. through a fusion by incorporation, consolidating two brands under the unified Fides identity with the stated objective of building a stronger, more digital distribution network. The company is privately held, operates exclusively in Italy, and publishes annual financial statements on its investor relations page, though specific revenue figures are not publicly highlighted.

Name

Fides

Legal name

FIDES – Ente Commissionario per Facilitazioni Rateali ai Lavoratori S.p.A.

Website

https://www.fidesspa.com

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

51–100 employees

Short description

Fides S.p.A. is an Italian financial intermediary (founded 1947) wholly owned by Banco di Desio, providing personal loans, Cessione del Quinto salary/pension loans, TFS advances, and attached insurance products to employees, retirees, and self-employed workers across Italy.

Ownership category

akta.pro rank

Product category

Consumer Finance

NAICS

Finance and Insurance (52)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Lending & Credit Disbursements (FSAMAKAH)

Keywords

• Consumer credit
• Salary-backed loans
• Pension assignment loans
• TFS advances
• Credit insurance

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Loan Products: Fides generates revenue through interest on personal loans, cessione del quinto (salary/pension assignment loans), and TFS (end-of-service benefits) advances. These products are offered to employees and retirees with repayment through salary/pension deductions.
2. Insurance Products: Fides offers insurance products in partnership with Net Insurance, earning commissions on policy placements for coverage including life insurance, unemployment protection, dental, health, home, and legal protection insurance.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Fides S.p.A. is an Italian financial intermediary that provides credit solutions (personal loans, cessione del quinto salary and pension assignment loans, delegazione di pagamento loans, TFS severance-fund advances, and a green personal loan) and associated insurance products to workers, public-sector employees, self-employed individuals, and pensioners. Products are distributed primarily through the Banco Desio bank branch network and a national network of authorized financial intermediaries, agents, and credit brokers across Italy.

Product overview

Fides S.p.A. is a financial intermediary (established 1947, wholly owned by Banco di Desio e della Brianza S.p.A.) specializing in credit solutions for workers and pensioners. The product portfolio centers on three core offerings: (1) Personal Loans (Prestito Personale and Prestito Personale Green for sustainable purchases), (2) Fifth of Salary/Pension Cession products (Cessione del Quinto dello Stipendio and Cessione del Quinto della Pensione) with mandatory insurance protection, and (3) Delegation of Payment loans. A fourth offering is Anticipo TFS for advancing public sector employee severance funds. Insurance products including LIFEBELT and Area Persona policies (DOUBLE DEFENCE, HAPPY SMILE, FREE LIFE, NET SALUTE, NET CASA) are distributed in partnership with Net Insurance. All products are distributed through Banco Desio branches, financial intermediaries ex art. 106 TUB, agents, and credit brokers across Italy.

Differentiator

Problem solved

Functional benefit

Brands

• Ti presento il prestito: A financial education project by Fides S.p.A. focused on promoting responsible and aware use of consumer credit, featuring the mascot Fidù.

Products and services

• Anticipo TFS A personal loan aimed at public and state employees who have been retired for at least 3 months, providing immediate access to their Severance Fund (TFS) without waiting for the standard pension entity disbursement timeline. Repayment follows the schedule indicated in the official TFS certificate.
• Prestito Personale A versatile, unrestricted-purpose personal loan for public employees, private employees, self-employed workers, and pensioners. The financing offers flexible funding without destination constraints, allowing borrowers freedom in how they use the proceeds.
• Prestito Personale Green A green personal loan supporting sustainable purchases such as electric or hybrid vehicles, energy-saving home improvements, and renewable energy transitions. Available to public employees, private employees, self-employed workers, and pensioners with favorable conditions compared to traditional loans.
• Cessione del Quinto dello Stipendio A loan for employees with monthly repayments deducted directly from the paycheck, with amounts up to 20% of monthly salary and terms up to 120 months. Legally required insurance covers the residual debt in case of unforeseen events.
• Cessione del Quinto della Pensione A loan for pensioners with monthly repayments deducted directly from the pension, with amounts up to 20% of the monthly pension and terms up to 120 months, with loan amounts available up to €80,000.
• Prestito con Delegazione di Pagamento A loan for employees where monthly installments are directly deducted from salary with written consent from the employer. It can be combined with the cessione del quinto to obtain additional liquidity, with total repayments up to two-fifths of salary.
• LIFEBELT - Protezione Finanziamenti & Pagamenti An optional insurance policy by Net Insurance distributed by Fides that helps cover loan installments in case of unexpected events such as death, permanent disability, hospitalization, job loss, or temporary inability to work.
• Area Persona - Polizze Assicurative A collection of optional modular insurance products offered in partnership with Net Insurance, including DOUBLE DEFENCE (multi-risk accident coverage), HAPPY SMILE (dental insurance), FREE LIFE (legal protection), NET SALUTE (health insurance), and NET CASA (home and property insurance).

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

Four partnerships are on record, tiered core and minor.

• Dynamica Retail S.p.A.coreStrategic or Co-development Partner · 6 December 2025Dynamica Retail S.p.A. was merged into Fides S.p.A. on December 6, 2025 through a fusion by incorporation. This integration represents an important step toward building a stronger, more digital network closer to customers. Two brands under one vision: offering value, experience, and opportunities under the shared identity of Fides.
• Net InsurancecoreStrategic or Co-development PartnerNet Insurance is Fides' primary insurance partner, providing insurance products distributed through Fides including life insurance, unemployment protection, dental coverage, health insurance, home insurance, and legal protection. Fides and Net Insurance jointly develop and offer optional insurance policies to protect borrowers and their families.
• ASSOFINminorOthersFides adheres to ASSOFIN, the Italian Association of Consumer Finance Companies, participating in industry advocacy and best practice development.
• ABIminorOthersFides adheres to ABI (Italian Banking Association), participating in industry standards and regulatory compliance initiatives.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Intesa Sanpaolo (Consumer Finance): Major Italian banking group providing personal loans, salary-assigned lending through the group's distribution network. Comparable to Fides on the dual products and Italian branch network, but operates at significantly larger scale.
• Banca IFIS: Italian listed bank with a dedicated consumer credit and salary-assigned lending segment, operating at broader scale. Comparable to Fides as a significant Italian cessione del quinto originator with bank-level governance.
• UniCredit (Consumer Finance): Italy's largest banking group, with a consumer finance division offering personal loans and salary-assigned lending. Comparable as an incumbent offering overlapping products, but at materially larger scale and broader scope.

Direct peers

• Compass (Mediocredito Centrale): Italy's leading consumer credit company, part of the Mediobanca group, offers personal loans, salary-assigned loans (cessione del quinto), and credit cards. It is the most direct comparable to Fides given overlapping product lines and Italian-market focus.
• Agos Ducato: Italian consumer finance joint venture between Crédit Agricole and Andbank, offering personal loans, salary-assigned lending, and specialty finance. Closely overlaps Fides' cessione del quinto and personal loan product strategy.
• Cofidis Italia: Italian arm of French consumer credit specialist Cofidis, offering personal loans and credit solutions to retail customers. Overlaps Fides on personal loan products and direct-to-consumer origination approach.
• Deutsche Bank Easy: Consumer credit unit of Deutsche Bank Italy, offering personal and specialty-purpose loans. Comparable to Fides on the lending-product range and Italian retail banking distribution synergies.
• Findomestic (BNP Paribas Personal Finance): BNP Paribas's Italian consumer finance subsidiary, focused on personal loans, auto loans, and credit cards. Directly comparable to Fides on personal-loan product structure and Italian branch-led distribution.
• Santander Consumer Bank (Italy): Italian operations of Santander's consumer finance arm, offering personal loans, auto finance, and credit cards. Compares directly to Fides on consumer credit mix and digital/branch distribution in Italy.

Emerging players

• Soisy: Italian digital installment lender focused on online consumer credit, with select partners financing originated loans. Comparable to Fides on consumer credit product structure but represents a digital-native origination model rather than the branch-led model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/FidesSpA
• LinkedInlinkedin.com/company/fides-spa
• Instagraminstagram.com/fides_spa
• Xx.com/FidesSpA

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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 Fides