About Illimity
Illimity is a company based in Milan (Italy) founded in 2018 was acquired by Banca IFIS in January 2025.. Illimity has completed 2 acquisitions, including Aurora Recovery Capital and Varvel. Illimity offers products and services including illimitybank.com, b-ilty, HYPE, and Quimmo. Illimity operates in a competitive market with competitors including Revolut, FCA Bank Group, Best Consumer DB, Fineco Bank and Contoforte Mobile, among others.
- Headquarter Milan, Italy
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Illimity Bank Spa
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Annual Revenue
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Net Profit
$84.86 K (USD)-99as on Mar 31, 2025
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EBITDA
$1.52 M (USD)-94as on Mar 31, 2025
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Aurora Recovery Capital
& 1 more
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Acquired by
Banca IFIS
(Jan 08, 2025)
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IPO & Listings of Illimity
Illimity is a publicly listed company on the MIL with ticker symbol ILTY in Italy, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Illimity
Illimity offers a comprehensive portfolio of products and services, including illimitybank.com, b-ilty, HYPE, and Quimmo. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Digital platform for private banking and savings management.
Banking solutions for small corporates including accounts and credit.
App-based service for everyday money management and transactions.
Portal for buying and selling properties across markets.
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Funding Insights of Illimity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Illimity
Illimity has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Banca Ifis. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Banca Ifis is engaged in providing banking and financial services.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Illimity
Illimity has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Aurora Recovery Capital and Varvel. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Financial services in recovery capital are provided internationally.
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2017 | ||||
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Geared motors, reducers, and variable speed drives are manufactured.
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1955 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Illimity
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Illimity Comparisons
Competitors of Illimity
Illimity operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Revolut, FCA Bank Group, Best Consumer DB, Fineco Bank and Contoforte Mobile, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Banking solutions are provided for retail customers and businesses.
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| domain | founded_year | HQ Location |
Provider of an internet-first bank
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| domain | founded_year | HQ Location |
Operates as a digital banking platform for consumers.
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| domain | founded_year | HQ Location |
Fineco Bank offers an online platform for digital banking solutions, providing efficient and accessible financial services.
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| domain | founded_year | HQ Location |
Online deposit account offering secure savings with interest calculations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Illimity
Frequently Asked Questions about Illimity
When was Illimity founded?
Illimity was founded in 2018.
Where is Illimity located?
Illimity is headquartered in Milan, Italy. It is registered at Milan, Lombardy, Italy.
What does Illimity do?
Illimity was founded in 2018 in Milan, Italy, as a commercial bank focused on business clients. Loans are extended to small and medium-sized enterprises along with mid-caps to facilitate operations in sustainable and digital areas. Consolidation and innovation efforts are supported through tailored financial products. The bank operates primarily within the Italian market, emphasizing practical growth solutions for corporate entities.
Who are the top competitors of Illimity?
Illimity's top competitors include Revolut, FCA Bank Group and Best Consumer DB.
What products or services does Illimity offer?
Illimity offers illimitybank.com, b-ilty, HYPE, and Quimmo.
Is Illimity publicly traded?
Yes, Illimity is publicly traded on MIL under the ticker symbol ILTY.
How many acquisitions has Illimity made?
Illimity has made 2 acquisitions, including Aurora Recovery Capital, and Varvel.
Who are Illimity's investors?
Illimity has 1 investor. Key investors include Banca Ifis.
What is Illimity's ticker symbol?
The ticker symbol of Illimity is ILTY on MIL.
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