The Italian fintech CrescItalia is listing a 5 million euro minibond on the Vienna Stock Exchange
The Italian fintech CrescItalia has placed a minibond from 5 million euros at the Vienna Stock Exchange (see the press release here). The loan has a duration of 5 years and accrues annual interest equal to 5%, with half-yearly coupons. The minibond was entirely placed in the issue phase with professional investors. MIT sim acted as financial advisor and arranger of the transaction.
CrescItalia is an independent fintech advisory that supports the real economy by acting as a hinge between the world of SMEs and that of alternative finance, providing SMEs with access to alternative financing instruments to the traditional banking channel, including the purchase of trade receivables. through the world of institutional investors and the real economy, facilitating contact points in a simple, fast and transparent way. Since 2019, with the proprietary platform it has also operated through assistance activities to accompany institutional investors in the evaluation and management of the purchase of trade receivables. Furthermore, CrescItalia is a consultant for Hedge Invest sgr in the management of HI CrescItalia Pmi Fund, closed-end reserved fund that has invested in bonds since 2015 (for example the bond from 3 million of the road builder 2p Asphalts) and direct loans (as in the case of the 2 million lent last August to the agricultural services of Agristar) to small and medium-sized Italian companies with strong management skills and entrepreneurial activism. CrescItalia also launched the fintech platform CrescItalia Lab, used to select the fund’s investments SGT Crescitalia Invoice Fund, handled by Sagitta sgr, checked by Global arrow.
Mattia Donadeo Spada, CEO of CrescItalia, commented: “Compared to other market players who have opted to open their capital to private equity or venture capital operators, we have preferred to resort to the bond loan with the intention of remaining independent in this phase of development. Our plans are now a strong acceleration of the business, starting with the strengthening of the structure with new entries, further investments in software and in the automation of processes and the start of an optimization of the organizational and corporate structure. All this to begin a process of business expansion and a fruit of this development already in the coming months “.
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