TeamSystem acquires 61% majority stake in Italian SME credit mediator Change Capital

TeamSystem Acquires 61% Stake in Change Capital: Key Points

1. 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.
2. 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.
3. Customer Reach:
   • These new capabilities will be available to TeamSystem’s two million customers in Italy and Spain, mainly SMEs and microenterprises.
4. 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.
5. 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.
6. Financial Performance:
   • Change Capital achieved approximately €5.5 million in turnover last year.
   • Managed almost 1,000 transactions for over 500 clients.