Commerfin

What Commerfin does

Commerfin S.c.p.A. is an Italian Confidi — a consortium of collective credit guarantee — operating as a second-level financial guarantee cooperative under Article 112 of the Italian Consolidated Banking Law (TUB). Headquartered in Rome and founded in 2006, Commerfin issues mutual credit guarantees on behalf of small and medium-sized enterprises that lack sufficient collateral to access bank financing directly. The company is formally designated as a 'Soggetto Garante Autorizzato' by the Ministry of Economic Development (MISE), which enables its guarantees to be counter-guaranteed by Italy's Fondo Centrale di Garanzia, and it is affiliated with Confesercenti, the national association of retailers and SMEs.

Commerfin's core offerings include a suite of guarantee products — Garanzia Credito Ordinario, Garanzia Start-up, Garanzia Agroalimentare, Garanzia COVID-19, Garanzia Franchising, and Prodotto Agevolato Calamità — plus auxiliary professional services such as financial analyses, business plans, and support in accessing public guarantee funds. Through the Commerfin.NET platform it acts as a second-level consortium for 10+ member Confidi, and it maintains contractual relationships with more than 30 banking partners including BNL, Monte dei Paschi di Siena, and ICCREA. The consortium also operates the Fondo Fidit inter-consortium fund.

The business model is built on transaction-based pricing: a 1.50% guarantee commission on financed amounts, an annual membership quota of €255, and a €200 processing fee, supplemented by fees from ancillary professional services. Commerfin serves 200+ associated enterprises and reports a share capital of €2,109,943.44, with headcount in the 11–50 range. Geographically it operates nationally with an emphasis on Lazio and Liguria, and has explicitly extended products into southern regions (Sicily, Calabria, Sardinia) for disaster-affected SMEs.

Name

Commerfin

Legal name

Commerfin S.c.p.A.

Website

https://commerfinscpa.it

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Italian second-level Confidi providing mutual credit guarantees, business plans, and access to public guarantee funds for SMEs, affiliated with Confesercenti and connected to 30+ banks and 10+ member Confidi.

Ownership category

akta.pro rank

Product category

Credit Guarantee Services

NAICS

Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Loan Brokers (6163)

akta.pro primary industry

Supply Chain Finance (Trade Credit, PO/Inventory Financing) (FSAKAGAE)

Keywords

• Credit guarantee consortium
• SME credit access
• Confidi guarantee services
• Business financial planning
• Counter-guarantee services

Headquarters

HQ city

Roma

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Guarantee Commissions: Commerfin earns commissions on guarantees issued to cover SME financing. The guarantee covers up to 80% of the requested financing amount. Additional fees include membership quota (255 EUR) and processing fees (200 EUR) plus 1.50% commission on the financed amount.
2. Associated Services: Revenue from financial analysis services, business plan development, and support for access to Fondo di Garanzia for SMEs.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Commerfin SCPA is a Confidi ex art. 112 TUB (Italian mutual credit guarantee consortium) that issues direct guarantees, cogaranzie, and controgaranzie covering up to 80% of financing amounts to help Italian SMEs and startups access bank credit. The company also provides ancillary services including credit risk analysis reports, business plan development, and support for accessing public guarantee funds such as the Fondo Centrale di Garanzia.

Product overview

Commerfin is a Confidi (consorzio di garanzia collettiva dei fidi) operating as a second-level financial guarantee cooperative under Article 112 of the Italian Consolidated Banking Law (TUB). Its product portfolio centers on credit guarantees (garanzie) — primarily direct guarantees, co-guarantees, and counter-guarantees covering up to 80% of financing amounts — which serve as the core offering enabling Italian SMEs and entrepreneurs to access bank credit. These guarantees are organized into specialized lines: Garanzia Credito Ordinario, Garanzia Start-up, Garanzia Agroalimentare, Garanzia COVID-19, and Garanzia Franchising, with a dedicated disaster-relief product (Prodotto Agevolato Calamità) for crisis-affected regions. Complementing the guarantee core, Commerfin provides supplementary services including Report Analisi Centrale Rischi (credit risk report), Report Accesso al Fondo di Garanzia per le PMI, Elaborazione Domanda Accesso Simest, and Business Plan development. The company also manages the Fondo Fidit interconsortium fund for counter-guarantees among member Confidi, and accesses the public Fondo Centrale di Garanzia on behalf of its members. The overall architecture is a platform of guarantee products (the primary revenue and value driver) supported by advisory and analytical service sub-products.

Differentiator

Problem solved

Functional benefit

Brands

• Commerfin.NET: A network of second-level confidi partners providing counter-guarantees and co-guarantees to member confidi organizations

Products and services

• Garanzia Credito Ordinario Direct guarantee covering ordinary credit operations, supporting businesses in obtaining bank financing for working capital and medium-to-long-term investments.
• Garanzia Start-up Guarantee designed for newly established businesses and entrepreneurs to access credit for launching new ventures.
• Garanzia Agroalimentare Guarantee covering the agricultural and agri-food sector, supporting farms with financing for operations, equipment, renewable energy, and land purchases.
• Garanzia COVID-19 Emergency guarantee product for businesses impacted by the COVID-19 pandemic, facilitating access to credit for recovery.
• Garanzia Franchising Guarantee supporting franchisees in obtaining financing to open franchised outlets, with coverage up to 80% of the requested amount.
• Report Analisi Centrale Rischi Report providing analysis of an enterprise's credit exposure and positions held in Italy's Centrale Rischi, used to evaluate creditworthiness ahead of financing requests.
• Report Accesso al Fondo di Garanzia per le PMI Analysis report to assess eligibility and positioning for accessing the Italian National Guarantee Fund for SMEs.
• Elaborazione Domanda Accesso Simest Service supporting enterprises in preparing and submitting applications for Simest financing programs for international expansion.
• Business Plan Business planning and financial projection service, helping enterprises and startups develop structured plans to present to banks and investors.
• Prodotto Agevolato Calamità Special disaster-relief credit product providing guarantees on loans from Cassa del Microcredito spa to businesses in Sicily, Calabria, and Sardinia affected by Cyclone Harry, with a maximum exposure of €25,000 and 50% discounted guarantee.
• Fondo Fidit Interconsortium fund (Fondo Interconsortile dell'Impresa Terziaria) managed by Commerfin, providing counter-guarantees and co-guarantees for member Confidi serving companies in industry and craft sectors.
• Accesso al Fondo Centrale di Garanzia per le PMI Counter-guarantee service through which Commerfin accesses the Italian National Guarantee Fund to obtain favorable terms on guarantees issued to member enterprises.

Quantifiable outcome

• Guarantee coverage up to 80% of financing amount
• +1 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature2 records

Partnerships

26 partnerships are on record, tiered core and minor.

• Banca Cambiano 1884coreChannel Partner/ Reseller/ DistributorBanking partner providing financing to SMEs with Commerfin guarantee coverage for credit access facilitation.
• Banca Nazionale del Lavoro (BNL)coreChannel Partner/ Reseller/ DistributorMajor banking partner offering financing solutions to enterprises with Commerfin guarantee support.
• Monte dei Paschi di SienacoreChannel Partner/ Reseller/ DistributorHistoric Italian bank partner collaborating with Commerfin for SME credit guarantee operations.
• ICCREA BancacoreChannel Partner/ Reseller/ DistributorCooperative banking group partner with sub-brands including Emilbanca, BCC Napoli, and Banca Versilia Lunigiana e Garfagnana.
• Cassa Centrale Banca Credito CooperativocoreChannel Partner/ Reseller/ DistributorCooperative banking group partner with sub-partners BCC dei Castelli Romani e del Tuscolo and BCC Aquara.
• Banca Popolare di Puglia e BasilicatacoreChannel Partner/ Reseller/ DistributorRegional banking partner facilitating credit access for Southern Italian SMEs.
• Banca Passadore & C. SpAminorChannel Partner/ Reseller/ DistributorRegional bank partner in Northern Italy.
• Banca Popolare di BariminorChannel Partner/ Reseller/ DistributorSouthern Italian banking partner.
• Banca San Calogero e Maierato – BCC del ViboneseminorChannel Partner/ Reseller/ DistributorCalabria-based cooperative bank partner.
• Blu BancaminorChannel Partner/ Reseller/ DistributorDigital/innovative banking partner.
• BCC del CrotoneseminorChannel Partner/ Reseller/ DistributorCalabria-based cooperative banking partner.
• BCC di RomaminorChannel Partner/ Reseller/ DistributorLazio-based cooperative banking partner.
• Bcc di NettunominorChannel Partner/ Reseller/ DistributorLazio-based cooperative banking partner.
• ImprebancaminorChannel Partner/ Reseller/ DistributorBanking partner focused on SME financing.
• Cofidi Sviluppo ImpresecoreChannel Partner/ Reseller/ DistributorSecond-level Confidi network member providing cogaranzie and controgaranzie to associated enterprises.
• CO.RE.FI. PERUGIAcoreChannel Partner/ Reseller/ DistributorPerugia-based Confidi network member in Commerfin.net network.
• FIM.CO.S.T. ANCONAcoreChannel Partner/ Reseller/ DistributorAncona-based Confidi network member providing guarantee services.
• FINCOM VERCELLIminorChannel Partner/ Reseller/ DistributorVercelli-based Confidi partner in Commerfin.net network.
• CREDIT.COM LIGURIAminorChannel Partner/ Reseller/ DistributorLiguria-based credit and guarantee partner associated with Confesercenti Liguria.
• FINTERZIARIO RIMINIminorChannel Partner/ Reseller/ DistributorRimini-based Confidi partner in the Commerfin.net network.
• GARANTIAMO.NOIminorChannel Partner/ Reseller/ DistributorAlternative mediation company (mediazione in deroga) partner.
• WORLD TRADING SRLminorChannel Partner/ Reseller/ DistributorMediazione partner providing alternative dispute resolution services.
• AURA MEDIAZIONE SRLminorChannel Partner/ Reseller/ DistributorMediazione partner for credit and financing mediation services.
• AffilyacoreStrategic or Co-development PartnerStrategic partnership for franchise financing solutions, enabling franchisees to access guarantees for opening new franchise locations.
• Fondo Fidit (Fondo Interconsortile dell'Impresa Terziaria)coreOthersInterconsortium fund established under Art. 13 c. 20 D.Lgs. 269/2003, managed by Commerfin, providing cogaranzie and controgaranzie for Confidi member enterprises in industry and artisan sectors.
• Fondo Centrale di Garanzia per le PMIcoreStrategic or Co-development PartnerPublic guarantee fund managed by Ministry of Economic Development providing counter-guarantees to Confidi, enabling free access for SMEs and commission discounts.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Federconfidi: Federation of Italian Confidi coordinating second-level credit guarantee activities for member SMEs. Directly comparable second-degree Confidi structure with overlapping banking partner relationships and cogaranzia/controgaranzia offerings.
• Eurofidi S.p.A. Italian Confidi operating as a credit guarantee consortium for SMEs, providing similar collective fidei guarantees and intermediating access to the Fondo Centrale di Garanzia. Directly comparable mutual structure and SME guarantee product portfolio.
• Rete Fidi Italia: Network of Italian Confidi providing second-level counter-guarantees and co-guarantees to member institutions. Comparable network architecture to Commerfin.NET with similar SME guarantee product offerings.
• Cooperfidi Italia: Italian cooperative credit consortium providing collective guarantees to cooperative enterprises and SMEs. Comparable mutual guarantee structure with similar bank partner distribution model.
• Confidi Promozione e Sviluppo: Italian Confidi providing credit guarantees and business development support to SMEs. Directly comparable mutual guarantee structure with similar banking partner distribution and Fondo Centrale di Garanzia access.
• Ascomfidi Nazionale: Italian Confidi network affiliated with Confcommercio, providing credit guarantees to SMEs in commerce and services. Directly comparable mutual guarantee consortium model serving overlapping SME segments.

Emerging players

• ISMEA: Italian public entity managing agricultural credit guarantees and financing for the agri-food sector. Comparable in offering specialized guarantees for agricultural SMEs, overlapping with Commerfin's Garanzia Agroalimentare product.

Broad incumbents

• Mediocredito Centrale: Italian public bank (under Invitalia group) providing SME credit, guarantees, and financing. Major incumbent player in Italian SME guarantee market with broader public-policy mandate and direct lending capability.
• BNL Gruppo BNP Paribas - SME Division: Major Italian bank (BNL) operating one of Commerfin's core banking partner relationships, with its own SME credit guarantee and lending operations. Indirect comparable as bank-side distribution partner for SME credit guarantees.
• Artigiancassa S.p.A. Italian public credit institution specialized in financing artisan and small enterprises, providing direct loans and guarantees through banking partners. Broader incumbent with similar SME customer base but operates with direct lending rather than consortium guarantee model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/commerfinscpa
• LinkedInlinkedin.com/company/commerfin

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

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 Commerfin