The Fibonacci group evolves into Finomnia

To climb the European ladder by bidding to become a leader in financial services software by covering the entire credit cycle, providing opportunities for innovation for a sector that does not always keep pace with change. This is the strategic objective of Finomnia, the new brand resulting from the evolution of the Fibonacci group with the integration of the various companies grouped under the Apax funds umbrella.

With the birth of Finomnia, a group with more than 1,200 employees and a turnover of EUR 160 million is born, integrating the expertise of the companies acquired over the past few years. With the integration of Ocs, Finwave, Quid, Alvantia and the consolidation of altermAInd, born from the partnership with illimity, now acquired by Banca Ifis, a group was created with a complete range of software and AI solutions covering the entire credit spectrum, from consumer credit and mortgages to retail and corporate lending, from leasing and factoring to regtech and core banking, and structured finance.

"With the expertise and leading-edge services of integrated realities, Finomnia aims to consolidate its position in Italy by targeting expansion in Europe with a focus on France and Germany, which are the most interesting and promising markets for financial software: a contract has already been concluded with Crédit Agricole for consumer finance, but we are also aiming at possible acquisition opportunities in these markets," explains the CEO of the new group Andrea Pettinelli, who also outlines the financial targets: "We are aiming for 'single digit' organic growth, around 6-7% in a market that is growing steadily, but not exponentially," and improving profitability by one percentage point per year, which is already higher than the industry average. The group starts with an estimated Ebitda of EUR 60 million by 2025.

The financial services sector is expected to grow globally to $16.3 billion by the end of the decade, up from $9.7 billion in 2024, with more than half of the volume coming from payments, but with the value now rewarding lending and investment more than the rest. In terms of technology, it goes without saying that artificial intelligence is seeing exponential growth with a value expected to rise almost fivefold to $5.5 billion from $1.4 billion in 2024. Finomnia aims to put AI at the heart of its offering by exploiting the solutions and expertise built within the framework of its partnership with illimity in altermAInd, in which it retains a majority stake, which will be made available across all of the group's fields of application, focusing on the development of AI agents that can guarantee the streamlining of repetitive operations in the various credit processes.

Finomnia's end-to-end solutions, from software development to the cloud, from AI to data strategy, accompany every stage of the digital transformation path of banks and credit institutions - the insurance sector is not involved for the time being - with a proposal developed to meet the challenges of a constantly evolving market, through four main business areas: consumer finance, corporate solutions, banking & regtech, and retail & corporate banking.