InstaPartners becomes Credimi, and receives the authorization from the Bank of Italy to exercise the activity of granting loans to the public.
The fintech startup – which among its shareholders, in addition to the management and the founder Ignazio Rocco di Torrepadula, counts some well-known names in entrepreneurship and finance such as Alessandro and Mauro Benetton, Paolo Merloni, Lorenzo Pelliccioli, Nerio Alessandri, the Venesio family, Hans Paul Burkner (chairman of The Boston Consulting Group) and Giovanni Landi (founder of Anthilia Sgr) – took on the name Credimi Spa.
Believe me is the name chosen for the new digital financing product dedicated to Italian SMEs, with which it will be possible to advance invoices to customers entirely online, in a simple, fast and flexible way.
The product will initially be reserved for the suppliers of some partner companies and, in the coming months, will be made available to all Italian companies.
The trade credit financing market in Italy is characterized by a very large potential turnover, equal to around 400 billion euro, but also by rates applied on advance payments and bank drafts that are still quite high: the national average is to 4,67%, but for small businesses the costs are up to three or four percentage points higher. Within this context, Credimi proposes itself as an alternative financing channel for SMEs that is highly competitive also in terms of costs.
Ignazio Rocco di Torrepadula, founder and CEO of InstaPartners and from today Believe me, declares: "We welcome with great satisfaction the authorization from the Bank of Italy, which recognizes compliance with the requirements of the new article 106, which have become even more stringent, and the solidity of our organizational and governance structure."
Speaking of the change of brand, he adds: “We chose a familiar, simple and optimistic name, in line with our sensibility. An Italian name, but universal and recognizable in all languages. Believe me it represents us very well.”
