Ener2crowd Launches Its First Securitization Program for the Growth of SMEs worth 45 Million Euros

Ener2Crowd, the leading crowdinvesting platform in Italy for ESG investments, has promoted its first securitization program of 45 million euros involving performing loans of SMEs.

The securitization operation

The transaction was structured with the support of illimity Bank SpA, which acted as sole arranger and is also underwriter of the senior notes issued by the securitization vehicle, and of a market-leading asset management company in Italy, as underwriter of the junior notes.

The program concerns the product called «Expandia» and is configured as the transfer of performing credits deriving from financing selected by M87, a company controlled by the Ener2Crowd platform.

“With Expandia we are taking crowdinvesting to a new level, making it even more structured and accessible to proposing companies. We offer companies an efficient financing channel and the security of solid financial support” summarizes Niccolò Sovico , CEO and co-founder of Ener2Crowd.

Financing Italian SMEs

The program is aimed at small and medium-sized Italian companies seeking financial resources to make their investments.

With this program, Ener2Crowd aims to support ambitious companies that need liquidity or intend to implement growth, technological innovation, commercial expansion or investment projects, to also promote the energy transition and the improvement of corporate infrastructure.

Financing starts from 100,000 euros and goes up to 1.5 million euros, with a duration between 12 and 60 months.

«The operation allows Ener2Crowd to combine the traditional core business of ESG crowdinvesting (lending and equity) with an alternative finance tool for the growth of SMEs, usually accessible only to large companies and which can instead support the needs of smaller businesses » explains Paolo Baldinelli, Executive Chairman and co-founder of Ener2Crowd.

Role and advantages for the crowdinvesting platform Ener2crowd

The operation allows for an expansion of the offer of financial solutions and, therefore, the consequent scale up of the platform’s business, generating significant synergies at a strategic, commercial and operational level.

“We have already disbursed over 41 million euros and 170 projects financed and over 20 thousand tons of CO2 avoided,” pointed out Sergio Pedolazzi, co-founder and COO & CCO of Ener2Crowd.

“The full development of Expandia —he added— will allow Ener2Crowd to reach significant collection volumes and consolidate its market leadership in financing investments to support the growth of the real economy.”

Who contributed to Ener2Crowd operation

The initiative also includes the involvement of a leading financial institution as master servicer, Accounting Partners SpA as Recommendation Agent , corporate servicer and run-of-network, Cardo AI as data agent and Fidimed as subservicer.

A&F Srl Stp and LCA Studio Legale acted, respectively, as financial and legal advisors to Ener2Crowd.

The law firm BonelliErede, drafting counsel, assisted Banca Illimity, while the law firm A&O Shearman assisted the master servicer of the securitization.

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