Fintech factoring company Credimi scoops EUR 10 mln fundraise

Wednesday 14 November 2018 08:57 CET | News

Italy-based factoring platform Credimi has raised EUR 10 mln in a round led by two venture funds, United Ventures SGR and Vertis SGR.

Some existing backers, which took part in the company’s EUR 8.5 million raise in late 2015, also participated. The money will be used to build the platforms client base and product offering, as well as for new hires. It will also lay the groundwork for Credimi to expand into new European markets, having until now been focused on Italy.

Credimi claims to have lent over EUR 200 million to around 3,500 companies since launching less than two years ago. It is considered largest invoice finance firm in continental Europe, according to AltFi Data’s records. The firm is authorised by the Bank of Italy as a financial intermediary.

United Ventures’ investment in Credimi was supported by the European Investment Fund, through InnovFin Equity, with the support of European Union (EU) programmes Horizon 2020 and the European Fund for Strategic Investments (EFSI).

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Keywords: Credimi, factoring company, Italy, fundraiser, funding round, United Ventures SGR, Vertis SGR, e-invoicing, Venture Capital, Bank of Italy, European Invetment Fund, investment
Countries: World