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Bank CF+ Signs Partnership with BancoPosta to Offer Digitized Financing to SMEs

The new lines of credit offer by Bank CF+ and BancoPosta will be medium- to long-term and will target small and medium-sized enterprises (SMEs) and large corporations with a turnover of more than €1 million. In detail, BancoPosta will offer its corporate account customers the opportunity to access financing assisted by the MCC Guarantee Fund and SupportItalia (SACE).



Following the signing last March of an agreement to acquire the business unit of the fintech scaleup Credimi, containing digital assets and some 30 employees, Banca CF+ announced a strategic partnership agreement with BancoPosta to offer specialized financial solutions to support businesses.

In detail, BancoPosta will offer its corporate account customers the opportunity to access financing assisted by the MCC Guarantee Fund and SupportItalia (SACE), making the application through its network of dedicated financial advisors. Thanks to the digitization of processes, response times are in fact minimal: 24 hours for pre-feasibility and even just 30 days for disbursement of the loan.

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The new lines of credit offer by BancoPosta and Bank CF+ will be medium- to long-term and will target SMEs and large corporations with a turnover of over €1 million

“We are proud of the partnership with a historical entity such as Poste Italiane, which has been accompanying the country on its development path for more than 160 years,” commented Iacopo De Francisco, CEO and general manager of Banca CF+.

He added, “In this difficult economic-financial situation that persists globally, the shared goal of BancoPosta and CF+ is to support Italian businesses by responding promptly to their liquidity needs. The agreement with BancoPosta will enable the latter to offer its corporate account customers CF+’s specialized financing solutions and a service that qualifies for speed, expertise, professionalism, and innovation. Thanks to CF+’s platform, in fact, BancoPosta’s business customers will be able to receive a financing pre-feasibility response within 24 hours and will be able to have their financing disbursed quickly.”

He concluded, “The partnership with BancoPosta represents another step for Banca CF+ in creating an innovative, modern, technological banking platform to serve the enterprise.”

In fact, as De Francisco explained in his interview with BeBeez Magazine on April 1st, “Our focus remains evolved lending to small and medium-sized businesses. We took the Credimi opportunity because it has specialized technology in small tickets, a market that we did not cover until now. “

He added, “We have been operational since August 2021 and have since developed three business verticals. In addition to tax credits, which were already present in Credito Fondiario with the acquisition of Be Finance, we have become operational with factoring to performing and special situation companies and with guaranteed loans to SMEs. Overall last year we received nearly €8 billion in loan applications and disbursed €800 million. This year we expect to reach €1.3-€1.5 billion in new loans disbursed.”


(Featured image by Adeolu Eletu via Unsplash)

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First published in BeBeez, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Valerie Harrison is a mom of two who likes reporting about the world of finance. She learned about the value of investing at a young age upon taking over her family's textile business when she was just a teenager. Valerie's passion for writing can be traced back to working with an editorial team at her corporate job, where she spent significant time working on market analysis and stock market predictions. Her portfolio includes real estate funds, government bonds, and equities in emerging markets such as cannabis, artificial intelligence, and cryptocurrencies.