TeamSystem Acquires 61% Stake in Change Capital: Key Points
- Acquisition Details:
- TeamSystem, an Italian business software solutions provider, has acquired a 61% majority stake in Change Capital.
- Change Capital is a Milan-based fintech specializing in AI-backed credit mediation services for SMEs.
- Strategic Impact:
- The acquisition will add over 200 financial solutions to TeamSystem’s offerings.
- Enhances TeamSystem’s position in credit brokerage services.
- Expands reach with new medium-to-long-term credit solutions.
- Customer Reach:
- These new capabilities will be available to TeamSystem’s two million customers in Italy and Spain, mainly SMEs and microenterprises.
- Statements from Leadership:
- Federico Leproux, CEO of TeamSystem, states the acquisition strengthens their fintech presence, a key component of their offering.
- Francesco Brami, CEO and co-founder of Change Capital, emphasizes the renewed support from TeamSystem to grow and respond to increased demand for alternative financing.
- Company Background:
- Change Capital was founded in 2009 with offices in Milan, Brescia, Florence, Arezzo, and Viterbo in Italy.
- Operates a CC-Suite integrated digital platform offering services like invoice monetization, structured finance, immediate liquidity, purchasing inventory, and financing investments.
- Uses AI algorithms to predict cash flow requirements.
- Financial Performance:
- Change Capital achieved approximately €5.5 million in turnover last year.
- Managed almost 1,000 transactions for over 500 clients.
