# Business Innovation Lab Srl

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/business-innovation-lab

- Industry: Financial Services
- Headquarters: Milan, Italy
- Website: www.borsadelcredito.it
- Total disclosed funding: $1.8M
- Latest round: Series A (May 20, 2017)
- Investors on record: 3

## About

Business Innovation Lab Srl specializes in providing innovative financial solutions, particularly focusing on Buy Now, Pay Later (BNPL) options for businesses to enhance cash flow and payment flexibility.Founded in 2013 in Milan, Italy, Business Innovation Lab Srl focuses on offering financial solutions tailored for B2B transactions. The company was co-founded by Antonio Lafiosca and Ivan Pellegrini, who have a background in financial services. In December 2017, they secured EUR 1.6 mn in a funding round led by investor P101, alongside Azimut, Banca Popolare di Fondi, and GC Holdings, raising a total of EUR 1.6 mn to date.Business Innovation Lab Srl primarily offers Buy Now, Pay Later (BNPL) solutions for B2B transactions, enabling businesses to provide flexible payment options to their clients. Their platform operates on a Lending as a Service (LaaS) model, utilizing artificial intelligence to enhance credit assessments and decision-making processes. Their products, tailored for various sectors across Europe, particularly in Italy and Germany, include Opyn Pay Later and Opyn Credit AI, designed to improve financial operations for businesses.In the most recent year of 2023, Business Innovation Lab Srl generated a revenue of EUR 1,093,083.40, while recording an EBITDA of EUR -167,629.40.Looking forward, Business Innovation Lab Srl aims to expand its product offerings, potentially launching new BNPL solutions by late 2024. The company is targeting expansion into additional European markets, with a focus on enhancing its presence in Germany and France by 2025. The recent funding round of EUR 1.6 mn will be strategically utilized to support these initiatives, enhancing technology development and market entry efforts.

## Funding rounds

- Series A, May 20, 2017, $1.8M — Azimut, P101, GC Holdings

## Investors

- Azimut (https://capitalatlas.ai/funds/azimut) — Series A
- P101 (https://capitalatlas.ai/funds/p101) — Series A
- GC Holdings (https://capitalatlas.ai/funds/gc-holdings) — Series A