Opyn, disintermediation for the fintech industry
Opyn is an Italian fintech company that has gained the status of Lending-as-a-Service (LaaS) modular platform, with the key role in supporting the entire lending value chain.
In particular, Opyn provides small and medium companies with loans and it helps them obtain financing more quickly,thanks to a full-digital evaluation process. Furthermore, the company enables many of its customer through its tech platform to expand their offer to allow users who use non-financial services to also access the associated financial services, the so-called embedded finance services.
Ivan Pellegrini and Antonio Lafiosca are the minds behind this project, which began in October 2013.
OPYN’S DEVELOPMENT AND RESULTS
Initially, the two founders created a digital brokerage platform for credit companies called BorsadelCredito.it. Then, in 2015, BorsadelCredito.it became a P2P lending platform, and it started to provide SMEs with loans by introducing them to private investors.
The first period of Covid pandemic and the consequent lockdown in Italy represented a turning point for the company. Until then, Italy had not had relevant technological development in the business loans market. Thus, the country started working to catch up. At the same time, enterprises increasingly turned to BorsadelCredito.it, even if the Italian government had activated a 400-billion-dollar programme for guaranteed loans. This happened because more and more companies were starting to realize that fintech lending was quicker than traditional one.
In 2015, P101 became a shareholder of the company. BorsadelCredito.it won a 1-million-dollar round with its support. Then, one year later, the latter collected €1,6 million in another investment round, in which Azimut was involved. P101 and GC Holding led the entire process.
In 2021, BorsadelCredito.it changed its name to Opyn. From 2020 to 2021, the amount paid out increased by 257%: in that period, the company deployed almost €391,5 million to 1,275 enterprises. In 2021, the average loan amounted to more than 150,000 euros. By June 2022 Opyn has already exceeded the total amount paid out in all the 2021 and since inception has reached the disbursed amount of €1 billion since 2019.
Opyn is an Italian fintech company that has gained the status of Lending-as-a-Service (LaaS) modular platform, with the key role in supporting the entire lending value chain.
In particular, Opyn provides small and medium companies with loans and it helps them obtain financing more quickly,thanks to a full-digital evaluation process. Furthermore, the company enables many of its customer through its tech platform to expand their offer to allow users who use non-financial services to also access the associated financial services, the so-called embedded finance services.
Ivan Pellegrini and Antonio Lafiosca are the minds behind this project, which began in October 2013.
OPYN’S DEVELOPMENT AND RESULTS
Initially, the two founders created a digital brokerage platform for credit companies called BorsadelCredito.it. Then, in 2015, BorsadelCredito.it became a P2P lending platform, and it started to provide SMEs with loans by introducing them to private investors.
The first period of Covid pandemic and the consequent lockdown in Italy represented a turning point for the company. Until then, Italy had not had relevant technological development in the business loans market. Thus, the country started working to catch up. At the same time, enterprises increasingly turned to BorsadelCredito.it, even if the Italian government had activated a 400-billion-dollar programme for guaranteed loans. This happened because more and more companies were starting to realize that fintech lending was quicker than traditional one.
In 2015, P101 became a shareholder of the company. BorsadelCredito.it won a 1-million-dollar round with its support. Then, one year later, the latter collected €1,6 million in another investment round, in which Azimut was involved. P101 and GC Holding led the entire process.
In 2021, BorsadelCredito.it changed its name to Opyn. From 2020 to 2021, the amount paid out increased by 257%: in that period, the company deployed almost €391,5 million to 1,275 enterprises. In 2021, the average loan amounted to more than 150,000 euros. By June 2022 Opyn has already exceeded the total amount paid out in all the 2021 and since inception has reached the disbursed amount of €1 billion since 2019.
Antonio LafioscaAt Opyn we think that ESG goals are very important for the global economy. For this reason, we will be the first Italian company (among the ones that embraced fintech from the beginning) to publish a sustainability report. Our goal is to help SMEs adapt to the new global challenges and grow in a sustainable way