What Asconfidi does

Asconfidi Lombardia is a cooperative mutual guarantee consortium (Confidi) registered as a Supervised Financial Intermediary under Article 106 of the Italian Consolidated Banking Act since 26 October 2016. Founded in 2009 by 13 Confidi Soci and now governed by 15 member Confidi plus one Partner Confidi, the company operates a collective guarantee model that intermediates credit access between micro, small, and medium enterprises in Lombardy and a network of conventioned banking institutions including UniCredit, Intesa San Paolo, Monte dei Paschi di Siena, and Deutsche Bank. The core products are guarantee concession (covering productive investments, liquidity, self-liquidating lines, leasing, mortgages, and sureties) and direct financing from its own funds, complemented by specialized subsidized programs such as Finanziamento MISE, Microcredito di Regione Lombardia, and Finanziamento GREEN. The cooperative is headquartered in Milan and distributes services through 11 Confidi Soci across 12 Lombard provinces plus Novara and Verona, with regulatory cooperation from the Fondo di Garanzia per le PMI.

The business model generates revenue primarily through guarantee commissions of 0.45%–0.50% annually on disbursed amounts and interest income from direct credit operations, with investigation fees and ancillary services providing secondary income. In 2024, Asconfidi supported approximately 1,300 operations totaling over €91 million, with a stock of guarantees in force of over €203 million, direct credit disbursed of over €10 million, and a counter-guarantee system of over €72 million. The company is structured as a mutual cooperative under principles of mutuality and absence of profit motive, with governance exercised through a two-tier system comprising a Supervisory Board (Consiglio di Sorveglianza) and a Management Board (Consiglio di Gestione). For FY2024, the cooperative reported net profit of over €550,000, equity capital exceeding €32.2 million, a CET1 ratio of 39.38%, and a Total Capital Ratio of 44.52% — all materially above regulatory minimums. The 2025-2027 Industrial Plan and renewed governance boards signal continued focus on operational consolidation rather than transformative expansion.

Name

Asconfidi

Legal name

ASSOCIAZIONE DEI CONFIDI DELLA LOMBARDIA – Cooperativa di garanzia collettiva dei fidi

Website

https://asconfidi.it

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

11–50 employees

Short description

Asconfidi Lombardia is a cooperative mutual guarantee consortium (Confidi) supervised under Article 106 of the Italian Banking Act that provides collective guarantees and direct financing to micro, small, and medium enterprises in Lombardy and adjacent territories through 15 member Confidi and conventions with major Italian banks.

Ownership category

akta.pro rank

Headquarters

HQ city

Milan

HQ country

Italy

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Guarantee fees: Asconfidi generates revenue through guarantee fees charged on credit operations facilitated through its network of banking partners and Confidi Soci. The company acts as an intermediary providing guarantees to enable enterprises to access credit from financial institutions.
2. Direct credit operations: The company also provides direct financing to SMEs through its own funds, with interest income generated from these lending operations. In 2024, over 10 million euros were disbursed through direct credit.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Asconfidi Lombardia is a mutual guarantee cooperative (Confidi) that facilitates access to bank credit for micro, small, and medium enterprises (MPMI) in Lombardy, Italy. The company issues collective guarantees to enable enterprises to obtain financing from partner banking institutions, and also provides direct financing solutions through its own funds, regional and national subsidized programs, and specialized lines for startups and green investments.

Product overview

Asconfidi is a guarantee cooperative that operates as a financial intermediary, offering a comprehensive suite of credit access services for micro, small, and medium enterprises in Lombardy. The core offering consists of collective guarantee provision (Concessione di Garanzie) to facilitate bank financing, complemented by direct financing solutions (Finanziamenti Diretti). The product portfolio includes specialized financing programs: MISE financing for growth and competitiveness, Microcredito di Regione Lombardia for startups and young enterprises, and GREEN financing for sustainability initiatives. Additional services include credit/financial consulting, support for regional/national incentive programs, and dedicated assistance for youth entrepreneurs. The company acts as an intermediary between enterprises and the banking system, supported by partnerships with over 10 partner banks and collaborations with institutions including the SME Guarantee Fund, Regione Lombardia, and Endeka SGR.

Differentiator

Problem solved

Functional benefit

Products and services

• Concessione di Garanzie (Guarantee Concession) Provision of collective guarantees to facilitate access to bank credit for micro, small, and medium enterprises, covering productive investment guarantees, financial and commercial sureties, self-liquidating lines, leasing, and mortgage loans.
• Finanziamenti Diretti (Direct Financing) Direct credit provision by Asconfidi to member SMEs, including liquidity financing, productive investments, and short-term credit lines, with favorable rates and conditions.
• Finanziamento MISE Government-subsidized financing program supporting SME growth and competitiveness with amounts from €40,000 to €100,000, combining zero-interest tranches and variable-rate financing with public guarantees.
• Microcredito di Regione Lombardia Regional microcredit initiative for enterprises and self-employed workers active less than 5 years, offering up to €100,000 through cumulative regional financing at 0% and Asconfidi co-financing at maximum 9% fixed rate.
• Finanziamento GREEN Sustainable financing line supporting green transition, energy efficiency, and ESG-related investments for micro and SME members, with amounts from €5,000 to €100,000 and favorable spread rates.
• Endeka SGR Partnership Financing Medium-to-long-term financing partnership with Endeka SGR S.p.A. for capital companies, offering amounts from €150,000 to €500,000 with rapid disbursement and fully digital procedure, guaranteed by the SME Guarantee Fund.
• Consulenza Creditizia e Finanziaria Professional credit and financial advisory services providing customized consulting, assistance, and guarantee support to enterprises, attentive to local specificities.
• Bandi e Agevolazioni Support services helping enterprises identify and access regional and national calls for proposals, incentives, and subsidies for business development.
• Giovani e Start-up Dedicated support services for young entrepreneurs and startups, including business plan development assistance and access to specialized financing programs.

Quantifiable outcome

• Supported approximately 1,300 operations in 2024 for a total value exceeding €91 million
• +2 more outcomes

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

Eight partnerships are on record, tiered core and minor.

• Endeka SGR S.p.A.coreStrategic or Co-development Partner · 1 June 2023Asconfidi Lombardia and Endeka SGR S.p.A. signed a partnership to offer SMEs medium-term chirografary financing with pre-amortization, approved in 72 hours and disbursed in 15 days. The partnership was strengthened in November 2023 with a new line of medium-long term financing for capital companies, guaranteed by the Fondo Centrale per le PMI with rapid disbursement procedures and fully digital processes.
• Simest S.p.A.minorStrategic or Co-development PartnerAsconfidi Lombardia signed a convention with Simest S.p.A. for the Patrimonializzazione program of Small-Medium Exporting Enterprises, offering subsidized financing for internationalization through Fondo 394/81.
• Fondo di Garanzia per le PMIcoreOthersAsconfidi operates in cooperation with the Fondo di Garanzia per le PMI, providing guarantee coverage for credit operations to small and medium enterprises. The company serves as intermediary for accessing the fund's guarantees.
• Regione LombardiacoreStrategic or Co-development PartnerAsconfidi is an accredited partner with Regione Lombardia for various subsidized financing programs including CONFIDIamo nella Ripresa, CONFIDIamo nella Ripresa - Energia, and Microcredito di Regione Lombardia. The company acts as disbursing entity for regional aid programs targeting SMEs affected by economic crises.
• UniCreditcoreOthersBanking partner through formal convention for credit access facilitation to member enterprises.
• Intesa San PaolocoreOthersBanking partner through formal convention for credit access facilitation to member enterprises.
• Monte dei Paschi di SienacoreOthersBanking partner through formal convention for credit access facilitation to member enterprises.
• Confidi Soci NetworkcoreChannel Partner/ Reseller/ DistributorNetwork of 11 Confidi Soci (Ascomfidi Brescia, Ascomfidi Pavia, Ascomfidi Varese, Cooperativa Artigiana Lombarda, Fidicomet, Fidicomtur, Confiditer, Fogalco, Fondo di Garanzia Lecco, Ascomfidi Novara, Sofidi) distributed across Lombard territories providing localized guarantee and credit services. The network represents the primary distribution channel for Asconfidi's products.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Cooperfidi Italia: Cooperfidi Italia is a national cooperative mutual guarantee consortium (Confidi) serving cooperatives and SMEs across Italy. Like Asconfidi, it operates under Art. 106 TUB, pools member credit guarantees, and partners with banks to facilitate SME lending — making it the closest like-for-like Italian Confidi peer.
• Confidi Confprofessione: Confidi Confprofessione provides collective credit guarantees to Italian professionals and SMEs, operating under a similar mutual-cooperative structure and Art. 106 framework as Asconfidi. It serves overlapping guarantee and credit-facilitation use cases for member enterprises.

Others

• ISMEA (Istituto di Servizi per il Mercato Agricolo Alimentare): ISMEA is the Italian government agency providing credit and guarantees to agricultural and agri-food SMEs. Comparable as an institutional SME guarantee provider under public mandate, though focused on agriculture rather than the broad SME segment Asconfidi serves.
• Endeka SGR S.p.A.

Broad incumbents

• Federconfidi: Federconfidi is the national federation representing Italian Confidi cooperatives. It functions as a broader umbrella and policy/representation body for institutions like Asconfidi, providing aggregated industry voice and coordination — comparable as a parent-association layer.
• Mediocredito Centrale: Mediocredito Centrale is an Italian public development bank (invitalia group) that provides credit, guarantees, and subsidized financing to Italian SMEs. It is a larger public-policy counterparty overlapping with Asconfidi's SME guarantee and subsidized-program intermediation activities.
• Artigiancassa (Gruppo BPI): Artigiancassa is a specialized Italian credit institution focused on artisans and SMEs, providing guarantees and subsidized credit. It operates at a national scale with bank-like distribution, overlapping with Asconfidi's SME guarantee and credit-facilitation offerings.

Emerging players

• Banca Etica: Banca Etica is an Italian cooperative bank focused on ethical and sustainable finance, lending to SMEs, NGOs, and impact enterprises. While primarily a depository lender rather than a guarantee intermediary, it competes in adjacent ethical/SME lending space and shares cooperative values with Asconfidi.

Regional players

• Eurofidi (Eurofidi Salerno): Eurofidi is a southern Italian Confidi providing collective guarantees and credit support to SMEs in Campania and adjacent regions. Comparable in structure and business model to Asconfidi, but geographically focused on Southern Italy rather than Lombardy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/asconfidi
• Instagraminstagram.com/asconfidi_lombardia

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

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 Asconfidi