Activity:
Credit Rating Agency specialized in SME's rating
Total investment:
EUR 179.000
Product:
Joint venture loan
Promoter:
Inbonis S.L.
Resources:
FONPYME
Sector:
Services
Geographical area:
Europe
Inbonis Rating, a Spanish fintech, is implementing an innovative project that combines talent, financial regulation and technology to afford SMEs efficient access to financing in an increasingly demanding marketplace.
With a view to lowering funding uncertainties and costs for SMEs, the firm has earned European Securities and Markets Authority (ESMA) accreditation to become the first European credit rating agency specialising in SMEs. The ability to determine real small company risk objectively and transparently and to standardised criteria is its primary accomplishment.
With this investment COFIDES introduced a variable component, making its terms contingent upon agency retention of B Corp company status in the years to come
“Inbonis Rating democratises credit verification by bringing SME ratings to market at a competitive price and with guaranteed objectivity“, explains agency CEO Alberto Sánchez Navalpotro. “We’re presently operating in Spain and France, although we can conduct business in any European Union country, for which COFIDES’s support in establishing a branch in France has been providential“, adds Mr Sánchez Navalpotro.
COFIDES put up €125 000 to complete this process via a joint venture loan to the investor, charged to the Fondo para Operaciones de Inversión en el Exterior de la Pequeña y Mediana Empresa [Spanish initials, FONPYME; Fund for SME Foreign Investment Operations]. The total project investment amounts to €179 000.
With this investment COFIDES introduced a variable component, making its terms contingent upon agency retention of B Corp company status in the years to come.
Certified B Corp companies comply with SEG business criteria and report the impact of their activity on employees, the surrounding community and the environment. They introduce sustainability items in their environmental, social protection, transparency and legal accountability standards to contribute to a socially-oriented and inclusive economy.
Related SDGs
