Confinvest
IPO: 01/08/2019
Capital raising: 3.0 Eu mln
Sector: Fintech
Region: Lombardia
Company Profile
CONFINVEST, an Innovative SME authorised by the Bank of Italy and registered in the Register of Professional Gold Dealers established pursuant to Law no. 7 of 17 January 2000, has been Italy’s leading market dealer in physical investment gold since 1983. Operating throughout the country with an insured delivery/collection service, it handles large volumes of purchases and sales with immediate availability of coins (sterling, marengos, krugerrands, US dollars and all the main investment gold coins) and LBMA bars in different denominations.
A national market maker, it guarantees certain and transparent prices: it is responsible for the quotation service (supply/demand) of investment gold coins published daily in the main Italian newspapers, taken up by Press Agencies and used by operators in the sector.
Confinvest has developed a technological platform to take advantage of continuous innovation in payment systems and fintech: it has perfected the digital solution CONTO LINGOTTO ®, offering a wide range of customers the possibility of: buying/selling physical gold, holding it in custody and subscribing to an accumulation plan with extreme simplicity and speed, thanks to a digital and innovative user experience.
The process of digital transformation that the financial sector is undergoing, with API Economy supporting Open Banking, is an element of change for the banking sector and enables the development of new sales channels, new partnerships and the opportunity to offer new services. With the advent of the PSD2, innovation will see the definition of real new financial ecosystems, where the interconnection between leading companies in the management of specific asset classes and the banking system will create important opportunities for everyone, savers first and foremost.
Leveraging the opportunities opened up by the PSD2 regulation and the innovative Open Banking platforms, the launch of CONTO LINGOTTO® and the creation of a dedicated App, developed in-house, allow for direct online customer acquisition, in addition to that brokered by the traditional financial system. The CONTO LINGOTTO® solution aims at maximum customisation and white label integration in all partner, banking, fintech and financial distribution networks with high flexibility thanks to the API Economy.
IPO growth strategy
The IPO is part of the growth path that Confinvest has followed since its foundation and is aimed at the development of a new digital solution, the “LINGOTTO® ACCOUNT”, able to offer a broad target of customers the opportunity to access investment in physical gold with extreme ease and speed. The process of digital transformation that the financial sector is undergoing, with API Economy supporting Open Banking, are elements of change for the banking sector and allow for the development of new sales channels, new partnerships, and the opportunity to offer new services.
IRTOP Consulting Track record
Financial Advisor
Investor Relations
Media & Financial Communication
Investor Days
Equity Research