Banca AideXa, a Fintech founded in 2020 by Roberto Nicastro and Federico Sforza, had a booming third quarter, the company said this week. In the third quarter of 2023, officials say the bank strengthened its positive growth trends in figures, business, and saver confidence.
The instant lending offering brings the total amount of loans to Italian SMEs to €500 million. Banca AideXa credits that rise to financial solutions that offer simple, fast and flexible alternatives compared to more traditional offerings. Loan disbursements doubled compared to the previous year thanks to new technologies, PSD2-native products and artificial intelligence in data-driven credit assessment. In parallel with the increase in the volume of business loans, the bank surpassed 10,000 digital product customers, including more than 3,000 micro-enterprises and SMEs.
X Conto per Liquidità, the remunerated current account for businesses with a 2% gross annual rate yield, has reached 500 customers in a few months, with Banca AideXa crediting innovative and fast online account opening process, complemented by the ability to use PSD2. This gives companies an excellent tool for managing their liquidity.
Leveraging the positive results of deposit accounts, which have reached €300 million in less than two years at the end of July, Banca AideXa launched X Risparmio Libero, its first free no-notice deposit account. An annual gross rate of 3.5% allows savers to deposit and withdraw funds freely and quickly at any time, without any restrictions. Banca AideXa supports the SME sector by allocating 100% of its deposits to SME financing.
“In today’s fast-paced financial environment, it is even more important for banks to be able to adapt and respond quickly to meet the new needs of the economy,” said Sforza, the CEO. ”Banca AideXa’s positive results in recent months confirm the growing need for liquidity among SMEs today, as evidenced by the doubling of our loans. Moreover, thanks to the trust that savers and businesses are showing in our current and deposit accounts, which are simple, fast and offer excellent interest rates, we can now provide concrete support to a growing number of Italian entrepreneurs.”
