Fundera
Fundera is an Italian Consob-authorized and ESMA-registered crowdfunding platform offering equity, debt (minibond), and donation-based fundraising to Italian SMEs, startups, and individual investors via a regulated EU-compliant portal.
- Company typePrivate
- Founded2016
- HeadquartersMilan, Italy
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Fundera does
Fundera S.r.l. is an Italian alternative-finance platform headquartered in Genoa, operating as a Consob-authorized and ESMA-registered crowdfunding service provider under EU Regulation 2020/1503. The platform operates multiple product modules including equity crowdfunding (for innovative startups and SMEs), debt crowdfunding (minibonds for SMEs), donation and reward crowdfunding, and ancillary offerings such as Planet ESG, Robo Bond, Invoice Trading, P2P Lending, and an ICOs section. Fundera serves Italian SMEs seeking capital access and both sophisticated and non-sophisticated individual investors, with regulatory investor-protection features including a 4-day cooling-off period, knowledge tests, loss-capacity simulations, and investment caps (greater of €1,000 or 5% of net worth) for non-supervised investors.
The technology stack is proprietary and includes a Debt Issuer Clustering Algorithm (A3-to-E1 scale), a pre-screening function, escrow account reconciliation, DVP settlement integration with Monte Titoli, and an investor risk-profiling engine. Fundera monetizes through transaction-based fees — up to €300 per equity crowdfunding order and up to 1% of subscribed value for debt crowdfunding — supplemented by advisory and consulting services outside the EU crowdfunding regulation scope. The company is majority-owned (70%) by Frigiolini & Partners Merchant S.r.l., an Italian financial advisory firm with deep minibond origination expertise, with CEO Leonardo Frigiolini holding the remaining 30%. Operating with 1-10 employees and €60,000 share capital, Fundera is a small, vertically integrated entity whose standalone scale is constrained relative to the parent group's advisory footprint.
Fundera firmographics
Firmographics- Name
- Fundera
- Legal name
- Fundera Srl
- Website
- https://fundera.it
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Fundera is an Italian Consob-authorized and ESMA-registered crowdfunding platform offering equity, debt (minibond), and donation-based fundraising to Italian SMEs, startups, and individual investors via a regulated EU-compliant portal.
- Ownership category
- akta.pro rank
Where Fundera is headquartered
LocationHeadquarters
- HQ city
- Milan
- HQ country
- Italy
- HQ region
- Europe
Offices1 record
Markets served
Fundera business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Equity Crowdfunding Transaction Fees: Fees charged to investors for equity crowdfunding subscription orders. Maximum €300 per order received, with the possibility for the manager to waive fees.
- Debt Crowdfunding Transaction Fees: Fees charged to investors for debt crowdfunding subscriptions. Maximum 1% of the subscribed offer value, with the possibility for the manager to waive fees.
- Advisory and Consulting Services: Additional services outside the EU crowdfunding regulation scope, including assistance with market studies, business strategy definition, information material preparation, listing assistance, legal/technical/financial due diligence, and workshop organization.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Equity Crowdfunding - Investor Fees |
| Transaction based/ take rate | Pay-as-you-go | Debt Crowdfunding - Investor Fees |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Fundera product offering
Product offeringCore offering
Fundera is an Italian online crowdfunding platform authorized by Consob and registered with ESMA that intermediates equity and debt crowdfunding offerings for Italian SMEs, startups, and innovative companies. It enables issuers to raise capital through share/quota subscriptions and minibond issuances, and lets investors subscribe to those offerings through a regulated web portal with KYC, risk profiling, and settlement integration with Italian banks and Monte Titoli. The platform also provides separate advisory and consulting services for structuring, due diligence, listing, and market studies.
Product overview
Fundera is a multi-module crowdfunding and alternative finance platform operated by Fundera Srl (parent: Frigiolini & Partners Merchant S.r.l.), authorized by Consob and ESMA-registered. The platform comprises four distinct, legally separated sections: (1) Equity Crowdfunding for equity raises by startups, innovative SMEs, and general SMEs; (2) Debt/Minibond for SME bond issuance; (3) Donation/Reward Crowdfunding for social and cultural projects; and (4) supplementary alternative finance modules including ICOs, Planet ESG, Robo Bond, and Invoice Trading. The platform acts as an intermediary matching project owners with investors, handling offer publication, KYC, order management, and reconciliation with banking partners, but does not hold client assets or provide payment services directly.
Differentiator
Problem solved
Functional benefit
Products and services
- Fundera Equity Crowdfunding Online equity crowdfunding section enabling innovative startups and SMEs to raise capital by offering shares or quotas to investors, with KYC, pre-money valuations by independent experts, and Consob oversight.
- Fundera Debt / Minibond Debt crowdfunding section of the platform where SMEs issue minibonds and financial bills to retail and institutional investors, with debt issuer clustering (A3-E1 tiers) and pre-screening for investor protection.
- Fundera Donation / Reward Crowdfunding Donation and reward-based crowdfunding section, legally separated from the regulated equity and debt sections, used for social and cultural projects with charitable partners such as Communitas Onlus.
- Advisory and Consulting Services Professional services offered outside the EU crowdfunding regulation scope, including market studies, business strategy definition, information material preparation, listing assistance, legal/technical/financial due diligence, and workshop organization for issuers.
Quantifiable outcome
- Pre-money valuations provided by independent third-party experts for all equity crowdfunding offerings, enabling informed investor decisions.
- +2 more outcomes
Companies that use Fundera
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles2 records
Fundera technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Fundera partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Banca di Credito Cooperativo di CherascocoreBanca Partner for crowdfunding campaigns, particularly the #action4genoa donation campaign. Manages payment flows on dedicated current accounts for donations. Operates in Liguria with a Genova branch.
- Communitas OnlusminorOnlus of the National Council of Accountants, acts as the vehicle for receiving and managing donations for social crowdfunding campaigns (#action4genoa). Registered in the single registry of Onlus since January 2011.
- Ordine dei Dottori Commercialisti e degli Esperti Contabili di Genova (ODCEC Genova)minorProfessional order of accountants in Genoa, co-promoter of the #action4genoa donation crowdfunding campaign. Represents the professional network for referral of companies and investors.
- Region Liguria and Comune di GenovaminorLocal government entities that granted patronage to the #action4genoa crowdfunding campaign, lending institutional credibility to the initiative.
- Frigiolini & Partners Merchant S.r.l.coreParent company holding 70% ownership of Fundera. Provides direction and coordination services including middle office activities and information technology. Frigiolini & Partners is a financial advisor specialized in assisting SMEs issuing alternative financial instruments like minibonds. Ranked 1st in Italy for number of minibond PMIs accompanied to listing on ExtraMOT PRO in 2016-2017.
Scale indicators5 records
Recent moves5 records
Expansion highlights5 records
Fundera competitors and assessment
Company assessmentDirect peers
- Opstart: Italian equity crowdfunding platform authorized by Consob that enables innovative startups and SMEs to raise capital online from retail and institutional investors. Directly comparable to Fundera's equity crowdfunding section in product, target issuer, and investor base.
- Trusters: Italian equity crowdfunding platform authorized by Consob serving innovative startups and SMEs. Directly comparable to Fundera's regulated equity crowdfunding section in product offering, customer base, and regulatory framework.
- BorsadelCredito.it: Italian online platform facilitating SME minibond issuance and alternative debt financing, ranked consistently at the top of Italian minibond league tables. Directly comparable to Fundera's minibond/debt crowdfunding offering and the closest competitor in the SME minibond segment.
- The Best Equity: Italian equity and debt crowdfunding platform serving SMEs and startups. Comparable to Fundera in operating a multi-instrument platform (equity and debt) under Consob authorization in the same Italian market.
- Mamacrowd: Italian equity crowdfunding platform focused on innovative startups and SMEs, regulated by Consob. Closely comparable to Fundera's equity crowdfunding offering with similar issuer onboarding and investor subscription mechanics.
- WeAreStartup: One of the first Italian equity crowdfunding portals, authorized by Consob and operating in the same Italian SME equity crowdfunding market as Fundera. Comparable in regulatory framework, product scope, and customer segments.
- 200Crowd: Italian equity crowdfunding portal among the first authorized by Consob. Targets the same innovative SME/startup issuer base and uses a comparable online subscription model, making it a direct competitor to Fundera in the domestic equity crowdfunding segment.
Regional players
- Mintos: European marketplace for P2P lending and alternative debt investments across multiple geographies. Comparable to Fundera's debt/minibond platform in alternative debt intermediation, though operating at much larger scale and across multiple European countries.
- Companisto: Germany's leading equity crowdfunding platform, comparable in product mechanics and European regulatory framework to Fundera, but serving the German-speaking market rather than Italy. Useful as a regional comparable for European equity crowdfunding dynamics.
- Crowdcube: UK-headquartered equity crowdfunding platform operating across Europe, including in Italy, and comparable to Fundera in equity-crowdfunding mechanics, but with materially larger scale, broader geographic reach, and more diversified issuer flow.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights6 records
Customer concentration
Fundera social profiles
Digital presenceFundera compliance and trust
Trust signalCompliance7 records
Fundera financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fundera leadership team
Management profileNumber of profiles
Profiles10 records
Fundera funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fundera M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fundera
What does Fundera do?
Fundera is an Italian online crowdfunding platform authorized by Consob and registered with ESMA that intermediates equity and debt crowdfunding offerings for Italian SMEs, startups, and innovative companies. It enables issuers to raise capital through share/quota subscriptions and minibond issuances, and lets investors subscribe to those offerings through a regulated web portal with KYC, risk profiling, and settlement integration with Italian banks and Monte Titoli. The platform also provides separate advisory and consulting services for structuring, due diligence, listing, and market studies.
Is Fundera a public or private company?
Fundera is a private company. It is classified as corporate owned and is currently operating.
When was Fundera founded?
Fundera was founded in 2016. It employs 11 to 50 people.
Where is Fundera based?
Fundera is headquartered in Milan, Italy, in the Europe region.
How does Fundera make money?
Three revenue lines are on record. Equity Crowdfunding Transaction Fees are the primary driver. The others are debt Crowdfunding Transaction Fees and advisory and Consulting Services.
Who are Fundera's main competitors?
Direct peers on record are Opstart, Trusters, BorsadelCredito.it, The Best Equity, Mamacrowd, WeAreStartup and 200Crowd. Regional players are Mintos, Companisto and Crowdcube.
Does Fundera have an API?
No public API is recorded for Fundera.