SevenData sets course for credit services and abroad

An organic growth rate of around 20% per annum, coupled with a strategy of acquisitions that has led Sevendata, a Milan-based datatech company, to almost quadruple its turnover in the space of five years (in 2020 it was generating around 4.5 million in revenues, already with a CAGR of 40%, and in 2024 it closed at 13 million). The last step came a few days ago, with the acquisition of RCS, a company specialising in credit rating, with a portfolio of 400 clients. As a result of the transaction, Sevendata's consolidated revenues will exceed EUR 17 million and EBITDA will stand at around EUR 6 million, with a net profit of over EUR 1.5 million and around 3,000 customers. To finance the purchase of RCS, the company will launch a paid capital increase of EUR 2 million.

This marks the end of an intense year for the company, marked by several actions aimed at strengthening its governance and increasing its dimensional strength - a necessary condition to be able to access tenders and institutional clients, as CEO and founder Fabrizio Vigo explains. These include the acquisition by the Italian partners of the stake previously held by the French company Kompass, amounting to around 22% of the capital.

The acquisition of RCS also allows Sevendata to expand its service offering. "Not only do we acquire expertise in the area of creditworthiness assessment, but we also add a team of analysts to our team of 130 people, that of RCS, which will enable us to provide clients with even more customised assessments," explains Vigo. Moreover, the capital increase made to take over the Turin-based company will also be used to finance new projects, with the aim of integrating the different platforms held and arriving at having - within 12 to 18 months - a single platform 'that clients can access to obtain both solutions for revenue development, marketing and sales, and solutions for credit rating, with a modular and highly integrated approach,' Vigo adds.

At the same time, Sevendata invests in technology and does so by participating in the capital increase of innovative start-up Quido, which offers an artificial intelligence platform for the analysis and optimisation of financial institutions' processes, with the aim of developing industrial synergies. The transaction will be finalised in January.

"This increase in critical mass, together with the fact that we have obtained all the necessary certifications, including banking certifications, is allowing us to raise the bar even higher in terms of customers," explains the entrepreneur. We are in fact acquiring even very important customers, such as banking or financial institutions and large technology companies, which until a few months ago could not turn to us because they need certified interlocutors with a certain dimensional strength".