October 2026
Largest Specialty Finance Public Companies in Italy
Benchmark revenue and EBITDA valuation multiples for public comps like
Banca Ifis, BFF Bank, Generalfinance, Kruso Kapital and Integrated System Credit Consulting Fintech.
 | Banca Ifis is an independent banking group specializing in the provision of banking and other financial services. It specializes in providing factoring services, managing distressed loans, servicing and managing non-performing, secured loans, and offering leasing services, among other activities. The company's operating segments are Commercial & Corporate Banking, NPL, and Governance & Services and Non-Core. A majority of its revenue is generated from the Commercial & Corporate Banking segment, which represents the Group's commercial offerings dedicated to businesses and also includes personal loans with the assignment of one-fifth of salary or pension. This segment consists of the factoring, leasing, and corporate banking & lending business areas. | $12 | -54% | $723M | $723M | 0.9x | - | ||
| BFF Bank is a European specialty finance and banking group formerly known as Banca Farmafactoring. It serves healthcare suppliers, public-sector counterparties, banks and institutional investors and earns revenue through interest income and fees from factoring, securities services and payment activities. Its operating model combines non-recourse receivables finance, public-sector credit analysis and transaction services. Founded in 1985, it is headquartered in Milan, ITA. The company was privately backed before listing in Milan in 2017 and later adopted the BFF Bank name. For investors, the business provides exposure to European public-sector receivables, regulated banking and transaction services, with performance depending on sector demand, execution and the company’s capital structure. BFF Bank serves B2B and B2G customers through activities spanning Commercial Banking and Specialty Finance. | $2 | -82% | $406M | $834M | 2.0x | - | ||
| Generalfinance SpA operates is engaged in providing factoring services to small and medium-sized companies in financial difficulty. The group offers customized financing solutions to meet the needs of companies operating in the manufacturing, wholesale business, transportation, and construction. | $20 | -10% | $252M | $843M | 7.5x | 16.6x | ||
| Kruso Kapital SpA is a operator of a banking group engaged in both the collateralised loans business and the auction house market for precious metals, art objects and collector cars. | $0 | +33% | $64M | $203M | 4.9x | - | ||
| Integrated System Credit Consulting Fintech SpA is engaged in the credit and legal activities related to credit management. | $1 | -25% | $13M | $12M | 2.0x | (8.2x) | ||
| Premia Finance SpA provides credit brokerage services. The company helps banks, credit organizations, and financial institutions to connect with borrowers for various credit products such as fifth transfer, mortgages, personal loans, microcredit, loan with delegation, insurance, and others. | $1 | -46% | $2M | $3M | 0.3x | 7.8x | ||
| Median | $2 | -36% | $158M | $463M | 2.0x | 7.8x |
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