Banca Ifigest

What Banca Ifigest does

Banca Ifigest S.p.A. is a private, independent Italian bank headquartered in Florence (Piazza Santa Maria Soprarno 1), operating since 1987 (originally Fidia Mobiliare, reorganized as Banca Ifigest in 2001) under Banca d'Italia authorization (Bank Register No. 5485, Groups Register No. 3185). It serves high-net-worth individuals, families, and institutional clients (foundations, pension funds, banking institutions, asset management companies) through a boutique, relationship-led private banking model delivered across 10 Italian branches (Florence x3, Milan, Rome, Turin, Genoa, Prato, Santa Croce sull'Arno, plus a promoter office in Sesto Fiorentino). Its core product set encompasses active portfolio management (30+ differentiated management lines), personalized investment advisory (including the quantitative 'Ultimo Miglio' service), securities trading, comprehensive banking services (current accounts, mortgages, payment services), and family office / wealth management capabilities. The group structure includes wholly-owned subsidiaries Sevian Fiduciaria (trust and estate services, since 1992), L&B Capital SGR (asset management, acquired 2022), and Fundstore.it (online fund marketplace distributing ~8,000 funds from 70+ managers, held since 2000), with an exclusive tied insurance distribution agreement with CNP Vita Assicura and a payments partnership with Nexi (including Apple Pay integration).

The bank's technology layer rests on a proprietary MITO digital banking platform (web and mobile) for 24/7 account access and transactions, a PSD2-compliant open banking interface (delivered via Cabel Industry S.p.A.) for third-party providers, and an open-architecture investment model that integrates external ESG data provider ratings into both portfolio management and advisory workflows — including a 1–10 ESG scoring system that flags mismatches between client sustainability profiles and recommended instruments. Revenue mechanics are dominated by recurring commissions (€30.6M in FY 2025, up ~18% YoY), followed by interest margin on the €465.5M credit book (€15.9M in FY 2025), trading and dividend income (€4.6M), and ancillary fees from insurance distribution, POS acquiring, and card services. GTM is sales-led: a network of private bankers and financial consultants acquires and serves clients face-to-face, complemented by self-service digital banking for existing clients and online fund marketplace acquisition via Fundstore.it. Capital strength is notable, with a 34.38% Total Capital Ratio at 31/12/2025 (well above regulatory minimums) and €111.4M in own funds, supporting the bank's positioning as a financially resilient boutique player in the Italian private banking segment.

Name

Banca Ifigest

Legal name

Banca Ifigest S.p.A.

Website

https://bancaifigest.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

Banca Ifigest is an independent Italian private bank headquartered in Florence, providing boutique wealth management, active portfolio management, and family office services to high-net-worth individuals and institutional clients across 10 Italian branches and a proprietary MITO digital platform.

Ownership category

akta.pro rank

Product category

Private Banking

NAICS

Portfolio Management and Investment Advice (523940), Depository Credit Intermediation (5221)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Private Client Custody & Brokerage (Execution, Reporting, Safekeeping) (FSAAABAN)

akta.pro secondary industry

Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Private banking services
• Wealth management solutions
• Portfolio management services
• Investment advisory services
• ESG integrated investing

Headquarters

HQ city

Florence

HQ country

Italy

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Commissions: The largest revenue driver, generating €30.6M in FY 2025 (up from €25.9M in FY 2024). Includes fees from asset management (individual portfolio management), fund distribution (Fundstore.it), and investment advisory services. Represents the dominant share of the bank's top-line revenue.
2. Interest Margin: Earns €15.9M in FY 2025 (up from €14.4M in FY 2024) from the spread between lending and deposit rates, driven by the bank's loan book (€465.5M in credit to clients as of 31/12/2025) and its securities portfolio.
3. Trading and Dividend Results: Generates €4.6M in FY 2025 (down from €5.0M in FY 2024) from securities trading, market-making, and dividend income on the bank's proprietary and client portfolios.
4. Insurance Distribution: Banca Ifigest is registered in the IVASS RUI (Register D, No. D000407542) as an insurance intermediary for CNP Vita Assicura products, earning commission income on distributed life insurance, pension fund, and protection products.
5. Banking Services (Current Accounts, Payments, POS): Revenue from current account maintenance, payment services, POS terminal services (partnered with Nexi), and card issuance. Includes Apple Pay integration for contactless payments.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels4 records

Core offering

Banca Ifigest is a private and independent Italian bank offering boutique banking services including active portfolio management (30+ lines), personalized investment advisory, securities trading, traditional banking services (current accounts, cards, mortgages, personal loans), insurance distribution, and family office/wealth management. It serves high-net-worth individuals, families, foundations, pension funds, and other financial institutions through 10 Italian branches plus the proprietary MITO digital banking platform and Fundstore.it fund marketplace (8,000+ funds from 70+ managers).

Product overview

Banca Ifigest is a private, independent Italian bank offering boutique banking services primarily to private and institutional clients. The product portfolio centers on wealth management and investment services, comprising active portfolio management with 30+ lines, personalized investment advisory (including 'Ultimo Miglio' quantitative service), securities trading, and banking services (current accounts, cards, loans). The bank distributes insurance products through CNP Vita Assicura and offers a comprehensive Family Office/Wealth Management service for complex portfolios. Digital banking is delivered through the MiTO online platform. The group includes Fundstore.it (8,000+ fund distribution), Sevian Fiduciaria (trust services), and L&B Capital SGR (asset management). Payment acceptance is supported via Nexi POS terminals and mobile payments through Apple Pay and Nexi Pay.

Differentiator

Problem solved

Functional benefit

Brands

• Fundstore.it: Online fund distribution portal offering over 8,000 investment funds from more than 70 Italian and international asset managers
• L&B Capital SGR
• Sevian Fiduciaria
• MiTO

Products and services

• Gestioni Patrimoniali (Portfolio Management)
• Consulenza Finanziaria (Investment Advisory)
• Servizi Bancari (Banking Services)
• Wealth Management / Family Office
• Prodotti Assicurativi (Insurance Products)
• MiTO Online Banking
• Negoziazione Titoli (Securities Trading)
• Fundstore.it (Online Fund Marketplace)
• Sevian Fiduciaria (Fiduciary Services)
• L&B Capital SGR (Asset Management)

Quantifiable outcome

• Net profit of €7.3M in FY 2025, with operating profit before taxes of €10.8M (up from €9.4M in FY 2024).
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• NexicoreChannel Partner/ Reseller/ DistributorBanca Ifigest partners with Nexi to offer payment acceptance solutions (POS terminals) to professionals, SMEs, and small businesses, as well as credit and debit card issuing (Nexi Classic, Prestige, Excellence, Black, Business, Nexi Debit). The bank also offers Apple Pay integration powered by Nexi's payment infrastructure.
• Sevian FiduciariacoreOthersSevian (S.E.V.I.A.N. – Studi Economici Valorizzazioni Iniziative Aziendali Negoziazioni S.r.l.) is a wholly-owned subsidiary of the Banca Ifigest Banking Group. It offers all fiduciary services for individuals, companies, and entities, including trust administration, tax planning, and estate planning. Registered with the Financial Intermediaries Register ex Art. 106 TUB (Section of Fiduciary Companies, No. 19480).
• Fundstore.itcoreOthersFundstore.it is the online fund supermarket portal of the Banca Ifigest Group. It distributes approximately 8,000 funds from over 70 Italian and international asset managers with no entry fees or switching charges. Banca Ifigest holds a significant equity stake (42.5% acquired in 2000).
• L&B Capital SGRcoreOthersL&B Capital SGR (formerly Soprarno SGR, acquired 100% by Banca Ifigest in 2022) is the asset management company (società di gestione del risparmio) within the Banca Ifigest Banking Group, offering investment fund management services.
• CNP Vita AssicuracoreChannel Partner/ Reseller/ DistributorBanca Ifigest distributes insurance products (life, pension, protection) under an exclusive tied agency contract with CNP Vita Assicura S.p.A. (part of CNP Assurances group, rated AAA ESG by MSCI, A+ by Fitch/S&P, A1 by Moody's). Banca Ifigest is registered in the IVASS RUI at Section D, No. D000407542.

Scale indicators11 records

Recent moves19 records

Expansion highlights7 records

Market position

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Banca Ifigest