Illimity Bank S.p.A.

Corporate Details

ISIN(s):

IT0005359192

LEI:

815600A029117B20DD63

Country:

Italy

Address:

VIA SOPERGA, 9, 20127 MILANO

Website:

https://www.illimity.com/en

Sector:

Financial and insurance activities

Industry:

Monetary intermediation

Description

illimity S.p.A. is a high-tech banking group founded and managed by Corrado Passera, constituted with the aim of responding to particular market needs through an innovative and specialized business model. The bank's paradigm, a clear mission: to recognize the potential of individuals, families and companies through a combination of technological and human skills and to promote them accordingly. Specifically, it lends to high-potential SMEs and acquires non-performing corporate loans, which it manages through its own platform, neprix. The group also includes illimity SGR, which develops and manages alternative investment funds, the first of which specializes in UTP loans. The illimity Group story began in January 2018 with the creation of SPAXS S.p.A., a special purpose acquisition company, which completed a record €600 million capital market raising, becoming the largest SPAC (special purpose acquisition company ) in Europe.