CCIAA Pisa

What CCIAA Pisa does

Italia Comfidi (legal name: Italia Com-Fidi Società Consortile a Responsabilità Limitata) is an Italian Confidi — a financial consortium of guarantors — promoted by the Confesercenti trade association and registered in the Albo ex art.106 del TUB (Bank of Italy registry, n.19519). Founded in 1983 and headquartered in Rome with operational direction in Florence, the company has been facilitating SME access to credit in Italy for over 40 years. Its core offering consists of credit guarantees (Garanzia) on bank financing, direct credit (Credito diretto IC) using own funds and CDP/legge di Stabilità resources, and a portfolio of advisory services including economic-financial consulting, risk center analysis (Analisi centrale rischi), business plan drafting, and access to subsidized finance (agevolazioni) and internationalization support. A recently added ESG Assessment service extends the offering into sustainability advisory.

Italia Comfidi serves micro, small, and medium enterprises across multiple verticals — including retail, tourism, manufacturing, and export-oriented businesses — and distributes its services through the Confesercenti territorial network and approximately 450 banking partners (including Intesa Sanpaolo, UniCredit, Banco BPM, BPER, MPS, Gruppo Cassa Centrale, and Gruppo Iccrea). The company is institutionally connected to the Italian public financial infrastructure: Fondo di Garanzia (MIMIT), MedioCredito Centrale, SACE, CDP, Simest, Invitalia, GSE, and at the EU level the European Investment Fund (EIF) and COSME Programme. FY2023 financials reported €81.7 million in guarantees issued (+24% YoY), €120.3 million in bank financing facilitated, €24 million in direct credit approved, €400 million total stock of guarantees, €192.2 million total assets, €97.6 million equity, and €1.17 million net profit. In 2024, the company executed over 1,200 new guarantee operations, over 270 direct credit operations, and over 500 consulting operations, and the 2025 Assemblea dei Soci reported guaranteed financing growth of +30.6%.

The business model is multi-stream: guarantee fees on intermediated financing, interest income on direct credit (funded through CDP and Stabilità), and professional fees for advisory and consulting engagements. Pricing is quote-based rather than published. The company is governed by a Shareholder Assembly under President Nico Gronchi and CEO Emilio Quattrocchi, with Alessandro Ravecca serving as President of Confesercenti provincial. Recent strategic moves include a February 2024 joint credit and consulting hub with Con Te Srl in La Spezia (Ligurian expansion), the June 2024 launch of ESG Assessment, an August 2024 IT platform for Transizione 5.0 tax-credit reservations, and a renewed agreement with Banco BPM for a €5 million Tuscan plafond. Share capital stood at €60,456,245.86 as of 29 October 2025.

Name

CCIAA Pisa

Legal name

ITALIA COM-FIDI SOCIETA' CONSORTILE A RESPONSABILITA' LIMITATA

Website

https://comfidi.it

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Italia Comfidi is an Italian Confidi consortium promoted by Confesercenti that provides credit guarantees, direct credit, and financial consulting to small and medium enterprises across Italy, distributing through approximately 450 banking partners and Confesercenti territorial offices.

Ownership category

akta.pro rank

Product category

Credit Guarantee and SME Financial Services

NAICS

Nondepository Credit Intermediation (5222), Other Activities Related to Credit Intermediation (522390)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Lending & Credit Disbursements (FSAMAKAH)

Keywords

• Credit guarantee services
• SME financing
• Subsidized finance consulting
• Business advisory services
• Direct lending

Headquarters

HQ city

Rome

HQ country

Italy

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Guarantee fees: Italia Comfidi issues guarantees on financing operations, facilitating access to credit for SMEs. The company earns fees for providing these guarantees to banks and financial intermediaries.
2. Direct credit: Direct financing provided to SMEs using the company's own resources and funding through CDP and Legge di Stabilita. The company approved approximately 24 million euros in direct credit in 2023.
3. Consulting services: Economic-financial consulting services including business plan development, credit risk analysis, and financial feasibility assessments.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Italia Comfidi is a Confidi (credit guarantee consortium) that facilitates access to bank credit for Italian small and medium enterprises by issuing guarantees on financing operations, providing direct credit from its own resources, and offering economic-financial consulting and subsidized finance advisory services. It operates as an intermediary between SMEs and approximately 450 banking partners, supported by Italian and EU public guarantee funds (Fondo di Garanzia, EIF, COSME, CDP). The company is organized as a Società Consortile a r.l. promoted by Confesercenti and is registered in the Albo ex art.106 TUB.

Product overview

Italia Comfidi operates as a financial consortium (Confidi) promoted by Confesercenti that facilitates credit access for small and medium enterprises. The offering is structured as a comprehensive suite of interconnected financial services rather than a single unified product. The core portfolio consists of guarantee services (Garanzia) and direct credit (Credito diretto IC) as the primary products, supplemented by business advisory services including economic-financial consulting (Consulenza economico-finanziaria), risk center analysis (Analisi centrale rischi), and business/industrial plan drafting (Business plan e piano industriale). The subsidized finance division (Agevolazioni alle imprese, Aiuti all'internazionalizzazione) provides access to national and regional incentive programs. Technical support services for banks (Service Fondo di Garanzia, Service finanza agevolata) enable intermediaries to process guarantee and subsidized financing operations. A recent addition is the ESG Assessment service for sustainability evaluation. The company has been operating for over 40 years and serves approximately 450 banking partners nationwide.

Differentiator

Problem solved

Functional benefit

Products and services

• Garanzia (Credit Guarantee) Credit guarantee service covering all forms of financing, issued up to 80% to facilitate SME access to bank credit through conventions with approximately 450 Italian banking partners.
• Credito diretto IC (Direct Credit) Direct financing from Italia Comfidi's own resources, providing medium and long-term loans for business expansion, startup, or working capital needs; up to €200,000 per operation.
• Consulenza economico-finanziaria (Economic-Financial Consulting) Advisory service evaluating business performance and planning improvement actions to meet bank and financier parameters for SMEs.
• Analisi centrale rischi (Central Risk Analysis) Service evaluating a business's credit lines and debt sustainability to improve bankability and support guarantee/credit decisions.
• Business plan e piano industriale Drafting of business plans and industrial plans to increase financing possibilities or support business startups.
• Agevolazioni alle imprese (Subsidized Finance for SMEs) Advisory service providing access to public contribution instruments and subsidized financing programs at national and regional levels, including Transizione 4.0 and 5.0, ISI INAIL, FRI-TUR, Simest, Conto Termico 3.0, and Greentour.
• Aiuti all'internazionalizzazione (Internationalization Support) Advisory service supporting Italian SMEs in expanding internationally, including accessing Simest subsidized finance for export activities and digital/ecological transition.
• Service Fondo di Garanzia (Guarantee Fund Service) Technical back-office support service for banks and financial intermediaries to process operations under the Italian Guarantee Fund (Fondo di Garanzia, MIMIT).
• Service Finanza Agevolata (Subsidized Finance Service) Technical back-office service for banks and financial intermediaries covering the full lifecycle of subsidized finance applications, from pre-feasibility assessment through reporting.
• Assessment ESG (ESG Assessment Service) Sustainability assessment service that analyzes an SME's environmental, social, and governance situation and advises on ESG opportunities and compliance.

Quantifiable outcome

• 82 million euros in guarantees issued in 2023 (+24% YoY)
• +4 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

23 partnerships are on record, tiered core and minor.

• Con Te Srl / Confesercenti La SpeziacoreStrategic or Co-development Partner · 21 February 2024Partnership to create a credit and business consulting polo in La Spezia, with presences in Genova, Savona, and Imperia. Service office 'PiùCredito' at Con Te Srl provides financial consulting for commercial, tourism and service businesses
• Intesa SanpaolocoreChannel Partner/ Reseller/ DistributorMajor Italian banking group collaborating with Italia Comfidi for guarantee operations and SME credit facilitation
• UniCreditcoreChannel Partner/ Reseller/ DistributorMajor Italian banking group collaborating with Italia Comfidi for guarantee operations
• Banco BPMcoreChannel Partner/ Reseller/ DistributorItalian banking group; agreement signed for 5 million euro plafond for Tuscan enterprises
• BPER BancacoreChannel Partner/ Reseller/ DistributorItalian banking group partner for guarantee operations
• Monte dei Paschi di Siena (MPS)coreChannel Partner/ Reseller/ DistributorHistoric Italian bank collaborating with Italia Comfidi for SME financing
• Gruppo Cassa CentralecoreChannel Partner/ Reseller/ DistributorBanking group comprising credit cooperatives, partner for guarantee operations
• Gruppo IccreacoreChannel Partner/ Reseller/ DistributorBanking group comprising BCC (Banche di Credito Cooperativo), partner for guarantee operations
• Fondo di Garanzia (MIMIT)coreStrategic or Co-development PartnerItalian Guarantee Fund managed by Ministry of Enterprises and Made in Italy; Italia Comfidi is an authorized guarantee subject for operating with the fund
• MedioCredito CentralecoreStrategic or Co-development PartnerPublic financial institution managing guarantee programs for Italian SMEs
• SACEcoreStrategic or Co-development PartnerItalian export credit agency and insurance company for internationalization support
• SimestcoreStrategic or Co-development PartnerCompany managing subsidized finance for Italian companies' internationalization and digital transition; Italia Comfidi facilitates access to Simest programs
• InvitaliacoreStrategic or Co-development PartnerItalian national agency for inward investments and economic development managing FRI-TUR and other incentive programs
• GSE (Gestore dei Servizi Energetici)coreStrategic or Co-development PartnerEnergy services manager handling Transizione 5.0 and other energy-related incentive programs
• ConfesercenticoreStrategic or Co-development PartnerItalian commercial and tourism trade association that promotes and supports Italia Comfidi; company is a consortium promoted by Confesercenti
• BCC LodiminorChannel Partner/ Reseller/ DistributorBanca di Credito Cooperativo (cooperative bank) partnership for local entrepreneurial support
• Regione LombardiaminorStrategic or Co-development PartnerRegional government providing funding for tourism businesses competitiveness (15 million euros for accommodation facilities)
• Regione ToscanaminorStrategic or Co-development PartnerRegional government partner for BEI investment lines in tourism sector and other subsidized finance programs
• Regione Emilia-RomagnaminorStrategic or Co-development PartnerRegional government partner for subsidized finance programs
• Regione VenetominorStrategic or Co-development PartnerRegional government partner for subsidized finance programs
• Regione PiemonteminorStrategic or Co-development PartnerRegional government partner for subsidized finance programs
• Regione MarcheminorStrategic or Co-development PartnerRegional government partner for subsidized finance programs
• Regione LiguriaminorStrategic or Co-development PartnerRegional government partner for subsidized finance programs

Scale indicators15 records

Recent moves1 record

Expansion highlights6 records

Direct peers

• Federconfidi: Federation of Italian Confidi, the umbrella body for mutual credit-guarantee consortia. Directly comparable as a Confidi ecosystem player; Italia Comfidi operates in the same regulatory and operational space.
• Garanzia Etica: Italian Confidi focused on ethical credit guarantees and SME financial inclusion. Comparable mutual-guarantee model and SME financing focus.
• Cooperfidi Italia: Consortium guarantee institution for Italian cooperatives and SMEs. Operates an analogous mutual guarantee/credit intermediation model for member SMEs.
• Confidi Rete Fidi Italia: Italian Confidi network providing credit guarantees to SMEs nationwide. Same regulatory regime (art. 106 TUB), same product set, same SME customer base.
• Eurofidi: Italian Confidi providing credit guarantees and consulting to SMEs, supported by Confesercenti-affiliated networks. Closely comparable product mix (guarantees, direct credit, advisory) and SME target segment.

Broad incumbents

• Mediocredito Centrale: Italian public financial institution managing central guarantee and SME financing programs. Partner of Italia Comfidi; competes at the policy level while collaborating at the operational level.
• SACE: Italian export credit agency and insurance company supporting SME internationalization. Partner of Italia Comfidi on internationalization; broader portfolio includes credit insurance and export finance.
• European Investment Fund (EIF): EU financing institution supporting SMEs via guarantee instruments (COSME, InnovFin). Counterparty of Italia Comfidi for EU-backed guarantee products; operates at supranational scale.
• Cassa Depositi e Prestiti (CDP): Italian national development bank funding Italia Comfidi's direct credit operations. Operates at far larger scale across all SME financing instruments and is a key upstream capital provider.

Emerging players

• Credimi: Italy's largest digital lending platform for SMEs, offering receivables-backed financing and direct loans online. An emerging fintech competitor addressing the same SME credit-access gap that Italia Comfidi targets through guarantees.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/111850645532421
• LinkedInlinkedin.com/company/italia-comfidi
• Pinterestpinterest.com/italiacomfidi
• Instagraminstagram.com/italiacomfidi

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

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 CCIAA Pisa