By Lisa Walls-Hester on Tuesday 17 January 2017
Credimi.com, the Italian digital financing solution for SMEs has signed agreements with four primary investment funds for the purchase of up to €50M of commercial loans, originated by the digital lending platform.
The four partners are Anima Sgr, Anthilia Capital Partners Sgr, BG Fund Management Luxembourg S.A. and Tikehau Capital.
Credimi’s claims to have a unique short-term asset class, the only one on the market bringing together a spread around 500 points, maturity lower than six months and a low- risk profile.
The uniqueness of Credimi lies in its business model design, which it claims is unlike any other product in Europe. The model foresees the subscription of the loans portfolio even before Credimi originates the commercial credits.
This, alongside the proprietary risk analysis technology and Credimi’s capability to carry out public financing activity, allows it to instantly finance SMEs’ invoices.
Ignazio Rocco di Torrepadula, founder, and CEO of Credimi: “It is great news both for professional investors, getting new opportunities in a difficult period, and SMEs which can instantly access short-term financing. We are proud to launch a product able to support enterprises’ growth and at the same time provide investors with a unique risk/return ratio, hardly achievable in other asset classes: interesting expected returns, combined with a less than six months maturity and low credit risk.”
The low credit portfolio risk comes from different factors. Credimi finances SMEs invoices after a thorough risk assessment process run alongside the expected loss rate estimated via a proprietary algorithm.
The invoices financed are linked to ‘real’ traceable commercial operations originated by hundreds of SMEs, diversified for geography and sector, making Credimi loans unlinked to capital market trends.