Milan based BorsadelCredito has received a € 1 million investment from the venture capital group P1o1. BorsadelCredito is an online lender focused on providing access to capital for SMEs in Italy. The company was founded by Angelo Daniele Blancato, Alessandro Andreozzi and Ivan Pellegrini. Blanket has spent the last 20 years in banking and finance. Both Andreozzi and Pellegrini were previously management consultants at Accenture. BorsadelCredito recently received a license to operate from the Bank of Italy. The platform, founded in 2013, seeks to allow SMEs to borrow money within 3 working days. SMEs may borrow from €10,000 and up.
“We are delighted to support the team at BorsadelCredito.it as they continue to grow and deliver value to both sides of their marketplace”, said Giuseppe Donvito, Partner at P101.
P101 is an Italian Venture Capital firm mainly focused on early stage digital media and technology. P101 stands for Programma 101, the first PC ever made.